Concerned over latest shortfall in TDS revenue collections, the Income Tax department has decided to enhance prosecution action against large defaulters with the help of its specialised electronic......
To fasten the process of identifying tax evaders, the Income Tax department has decided to set up a major data centre of such classified information on the lines of the existing two such......
Politicians involved in policymaking believe that since India is a poor country, taxpayers are a tiny privileged lot from whom every penny needs to be mercilessly extracted by hook or by crook,......
In order to weed out the hassle of sending by post a hard copy of e-filed return, the Income Tax department has decided to bring in the facility of electronic signatures for taxpayers to endorse......
Penalty can be levied at 100-300 per cent of the tax evaded, while tax is imposed at the highest rate of 30 per cent Sixty-five year old Prabha Mishra, who has never earned any income in life, was......