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SC allows states to recover royalty on minerals from 2005

In a major victory for mineral-rich states, the Supreme Court on Wednesday allowed them to seek dues from April 1, 2005 on royalty and tax on mineral rights and mineral-bearing land from the Centre......

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......

Ahead of Modi-Trump meet, India revamps tariff structure

Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani. IMAGE: Union Finance......

'Budget's Main Objective Was To Honour Taxpayers'

'Our attempt to honour the taxpayer has been since 2014 and more actively since 2019-2020 onwards.' IMAGE: Finance Minister Nirmala Sitharaman and Finance Secretary Tuhin Kanta Pandey address a......

Taxmen allowed to waive or reduce interest due from assessee with riders

The income tax department has allowed tax officials to either waive or reduce interest payable by a taxpayer, subject to specified conditions. Illustration: Dominic Xavier/Rediff.com Under the......

Failure to disclose foreign assets, income to invite Rs 10L penalty: I-T dept

The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of Rs 10 lakh under the......

What Nirmalaji told India's taxmen

Finance Minister Nirmala Sitharaman on Wednesday asked tax officers to use simple language in income tax communications so that notices do not instil fear in the minds of taxpayers. Photograph:......

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Assessee

News for Assessee

SC allows states to recover royalty on minerals from 2005

HC upholds order directing Cong to pay Rs 100 cr tax

Taxtortion Is Here To Stay!

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

I-T Goes After Rs 7.7 Trillion Tax Arrears

Ahead of Modi-Trump meet, India revamps tariff structure

'Budget's Main Objective Was To Honour Taxpayers'

Taxmen allowed to waive or reduce interest due from assessee with riders

Failure to disclose foreign assets, income to invite Rs 10L penalty: I-T dept

What Nirmalaji told India's taxmen

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