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Business Standard The Tax Department

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Munambam: The Politics Of Waqf Land

The specter of how the Munambam issue was exploited during the November by-elections is proof of the price Kerala is paying for its emergent politics.Controversies become the stuff of slow-burn and......

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......

How BJP hopes to gain by taking Kuldeep Bishnoi into its fold

'Neither the Congress will lose anything nor will the BJP gain anything.' Nitin Kumar reports from Chandigarh. IMAGE: BJP national president JP Nadda congratulates newly joined party leaders......

CBI files corruption case against Rolls-Royce in Hawk jet trainer deal

The Central Bureau of Investigation has filed a corruption case against British aerospace and defence company Rolls Royce PLC, top executives of its Indian unit and arms dealers for alleged......

Serum, Bharat Biotech to get Rs 45 bn for 300 mn vaccines

This will be an upfront payment for the vaccine doses that these two companies will supply to the government.Sohini Das and Dilasha Seth report.   Photograph: PTI Photo. Vaccine manufacturers......

Tax notices to employees a 'discrepancy', says TCS

Information technology major Tata Consultancy Services (TCS) on Friday termed the tax demand notices received by several of its employees a “discrepancy,” and the tax department will be......

E-invoice mandate may cover B2C transactions

Businesses across the country may soon be required to issue electronic invoices, or e-invoices, directly to consumers for the sale of goods and services. Kindly note the image has been posted only......

Why gold import computation went wrong

The government's initiative to migrate SEZ data from NSDL software to ICEGATE system for streamlined reporting of import data caused double counting of gold imports, resulting in inflated figures......

Beware! IT Sleuths On The Prowl

The suspected undisclosed income in these cases could reach as much as Rs 15,000 crore. Illustration: Dominic Xavier/Rediff.com   The Income Tax department has issued 10,000 reopening notices......

Income Tax dept begins scrutiny in reassssment cases for AY-2018-19

The income-tax (I-T) department has started scrutinising cases for the assessment year (AY) 2018-19 to determine which of them need to be reopened, a process that might result in a raft of tax......

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