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HC upholds order directing Cong to pay Rs 100 cr tax

The Delhi high court on Wednesday refused to interfere with the order of the Income Tax Appellate Tribunal declining to stay a notice issued by the Income Tax department to the Congress party for......

Taxtortion Is Here To Stay!

If you think that revenue officials are going berserk, acting on their own, while the government chants the mantra of 'ease of doing business', you would be wrong.These moves appear to have full......

HC rejects Gandhis' plea against tax assessment transfer in case linked to arms dealer

The Delhi high court on Friday dismissed petitions by Congress leaders Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra against the income tax department's decision to transfer their......

I-T Goes After Rs 7.7 Trillion Tax Arrears

Senior tax officials were told to focus on cash collection from the arrears so that the target for FY23 was achieved and the overall revenue position improved. Illustration: Uttam Ghosh/Rediff.com......

Anil Deshmukh case: Tax raids uncover alleged hidden income of Rs 17 crore

The Income Tax Department has detected "concealment of income" to the tune of Rs 17 crore after recent raids on institutions linked to former Maharashtra home minister Anil Deshmukh and his family......

The major decisions taken by the GST Council

The GST Council on Saturday decided to tweak tax rates on items, including accommodation services for students and solar cookers, and took a host of taxpayer-friendly measures including waiver of......

Link PAN with Aadhaar by May 31 or pay higher TDS

The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate. Illustration: Uttam Ghosh/Rediff.com As per income tax rules, if a......

Shares given as gift may escape capital gains tax

If shares are transferred as a gift, there may not be capital gains tax on them, provided a recent Bombay high court ruling sets a precedent. Illustration: Dominic Xavier/Rediff.com In a case......

Google Ireland gets tax relief on Rs 8.6K crore it got from India arm

An income tax tribunal held that the amount received by Google Ireland from Google India towards marketing and distribution rights of the AdWords programme is not royalty, and hence, cannot be......

GST Council likely to approve tribunal blueprint this month

The Goods and Services Tax (GST) Council, which is likely to meet in the third or fourth week of June, is set to clear the operational framework of the much-awaited GST appellate tribunal, which......

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