New Delhi [India], Apr.28 (ANI): The Central Board of Direct Taxes (CBDT) has signed two Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers, strengthening the government's commitment to fostering a non-adversarial tax regime
New Delhi [India], Apr 27 (ANI): Dismissing the proposal put forth by a member of NITI Aayog, Minister of State for Finance Santosh Kumar Gangwar on Thursday stated that no taxes will be levied on agricultural income.
Washington D.C. [U.S.A], April 27 (ANI): U.S. President Donald Trump has released a tax plan that proposes to cut income tax rates, slash taxes for businesses and on overseas corporate profits returned to the country.
New Delhi [India], Apr 21 (ANI): The Central Board of Direct Taxes on Friday announced the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana (PMGKY) open for declarations up to March 31.
New Delhi [India], Apr 12 (ANI): As part of the Foreign Account Tax Compliance Act (FATCA) compliance, the bank accounts opened between July 1, 2014, and August 31, 2015, are required to submit self certification forms by April 30 this year failing which the accounts will be blocked, said a
Washington D.C. [USA], Apr 11 (ANI): Higher taxes on tobacco could reduce smoking rates in South Asia by at least one-third and avoid 35-45 million premature deaths, according to a recent study.
New Delhi [India], Apr. 11 (ANI): In order to improve the Ease of Doing Business for newly incorporated corporates, the Central Board of Direct Taxes (CBDT) has tied up with Ministry of Corporate Affairs (MCA) to issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) in
New Delhi [India], Apr 7 (ANI): The Central Board of Direct Taxes on Friday signified the concerted and coordinated actions of Law Enforcement Agencies (LEAs) under the Department of Revenue who have achieved phenomenal success in fighting the menace of black money during the last three year
New Delhi [India], Apr 5 (ANI): Central Board of Direct Taxes on Wednesday announced various legislative steps that have been taken by the Finance Act, 2017 to curb black money by discouraging cash transaction and by promoting digital economy.
New Delhi [India], Apr 5 (ANI): The Central Board of Direct Taxes on Wednesday notified that under the Section 139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2017 provides the mandatory quoting of Aadhaar or Enrolment ID of Aadhaar application form for filing of return o
New Delhi [India], Apr 4 (ANI): Central Board of Direct Taxes on Tuesday said that the provisional figures for revenue collections up to March, 2017 showed a gross Direct Tax collection of Rs. 10.09 lakh crore.
New Delhi [India], Apr. 3 (ANI): The Central Board of Direct Taxes (CBDT) on Monday requested the stakeholders to submit their comments/ suggestions on the draft notification under Section 10(38) of Income Tax Act, 1961.