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Banking Cash Transaction Tax

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'Pradhan Mantri Hafta Vasuli Yojana': Cong on electoral bonds

Stepping up its attack on the Centre over the electoral bonds issue, the Congress on Monday accused the Modi government of "hafta vasuli" (extortion) and claimed that a total of 21 firms which have......

After Rs 351-cr Odisha cash find, IT dept ends 10-day raids

The Income-tax department raids being carried out against an Odisha-based distillery firm owned by a Congress MP's family, and some linked entities, ended early on Friday, capping ten days of......

Sonu Sood evaded tax of Rs 20 crore, violated FCRA: I-T Dept

The Central Board of Direct Taxes (CBDT) on Saturday alleged that actor Sonu Sood and his associates evaded tax of Rs 20 crore and claimed that after the Income Tax Department raided him and a......

What EC is doing to curb illegal cash flow in LS polls

The EC has asked all departments to deploy round-the-clock flying squads, quick-response teams, and high-tech machinery to check money inflow. They are also to examine vehicles passing though......

FBT, transaction tax fetch Rs 603 cr in Q1

As much as Rs 583 crore (Rs 5.83 billion) was collected from the Fringe Benefit Tax and Rs 20 crore (Rs 200 million) from Banking Cash Transaction Tax during the first quarter of this fiscal, the......

Banking transaction tax to go: FM

With the government devising alternative ways to trail black money, the Banking Transaction Tax will be withdrawn by the end of this year, Finance Minister P Chidambaram said on Wednesday.......

Banking system liquidity surplus touches Rs 1 trn, shows RBI data

While liquidity in the banking system has turned surplus in the last few weeks, it could go back to deficit again, mainly due to corporate advance tax outflows. Illustration: Uttam......

I-T Sleuths Chasing Rs 16.69 Trillion Tax Arrears

As on April 1, income tax arrears have increased to Rs 43 trillion from Rs 24 trillion on April 1, 2023. Illustration: Uttam Ghosh/Rediff.com   The Central Board of Direct Taxes (CBDT),......

FinMin yet to take a call on 'tax on cash'

A committee on digitalisation headed by Andhra Pradesh Chief Minister Chandrababu Naidu had in an interim report recommended taxing cash transactions of at least Rs 50,000 to promote digital......

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