New Delhi [India], Nov 22 (ANI):The Central Board of Direct Taxes on Wednesday notified that the government has constituted a task force to review the Income-tax Act, 1961, and will draft a new Direct Tax Law in consonance with economic needs of the country.
Washington DC [USA], November 17 (ANI): The United States House of Representatives on Thursday passed a bill to cut taxes on businesses and individuals as part of the Republicans effort to overhaul the American tax system.
Gilgit [Pakistan-occupied Kashmir], Nov.15 (ANI): A shut down called by traders, shopkeepers and other stakeholders in Gilgit-Baltistan entered its third day on Wednesday.
New Delhi [India] Nov. 14 (ANI): The Chairman of the Central Board of Direct Taxes (CBDT) on Tuesday said swift action will be taken in the Paradise Papers case once all details of the accused are available.
Gilgit [Pakistan-occupied Kashmir], November 14 (ANI): Traders, shopkeepers and various other people in Gilgit-Baltistan went on a complete shutdown against Pakistan's immoral and unlawful imposition of taxes on people of the region.
Gilgit [Pakistan], Nov.9 (ANI): Traders, shopkeepers and various other people representing the working class of the Gilgit-Baltistan went on a complete shutdown against the Pakistan's immoral and unlawful imposition of taxes on people of the region.
New Delhi [India], Nov. 7 (ANI): Central Board of Direct Taxes (CBDT) on Tuesday announced issued notifications regarding the Indian Government signing a its third protocol for amendment of the convention with government of New Zealand for the avoidance of double taxation.
Johannesburg [South Africa], Nov 7 (ANI): Formula One champion and one of the richest sportspersons in the world Lewis Hamilton allegedly avoided paying taxes on his private jet by using an elaborate scheme.
New Delhi [India], November 6 (ANI): The Ministry of Finance on Monday said that the investigation into the cases pertaining to the 'Panama Papers' was in full swing.
New Delhi [India], November 6 (ANI): The Central Government has directed that investigations in cases of Paradise Papers would be monitored through a reconstituted Multi Agency Group, the Central Board of Direct Taxes (CBDT) said, in an official statement today.
New Delhi [India], Nov. 3 (ANI): The Central Board of Direct Taxes (CBDT) on Friday clarified that cash sale of agricultural produce by its cultivator to the trader for an amount less than Rs. 2 lakh will not result in any disallowance of expenditure under section 40A (3) of the Income-tax A