A CBDT panel on black money has suggested enactment of new laws, strengthening of existing legislation and introduction of deterrent penalties for tax offences to deal with the menace.

In its 66-pag

Providing comfort to worried foreign investors, Finance Minister Pranab Mukherjee on Wednesday said the Income Tax Department will not re-open cases where assessment proceedings had been finalised b

Nearly ten months after it was formed to examine ways to check the menace of black money, a committee under the chairmanship of Central Board of Direct Taxes (CBDT) chief has submitted its report t

The Finance Ministry on Wednesday said British telecom giant Vodafone ‘chose to ignore’ the advice of tax department that its acquisition of Hutchison stake in the Indian telecom company Hutchison-Ess

The Income Tax Department has decided to bring its over two-lakh strong staff under biometric monitoring system to ensure strict adherence to working hours.

In an ambitious project rolled out by the

The Income Tax department has submitted to the CBDT a 'full probe report' of investments and assets of ex-Chief Justice of India and NHRC chief K.G. Balakrishnan and his family members.

The probe re

In order to guard against possible leakage of names figuring in the secret bank accounts lists it has received from foreign shores, the CBDT has ordered the I-T department to obtain a signed undertaki

Faced with a number of cases of denial of secret foreign bank account holdings, the Income Tax department has decided to re-open past tax returns of such individuals in Mumbai and Delhi among other

Jan. 18: The time you have to wait for an income tax refund may come down sharply. The new Central Board of Direct Taxes (CBDT) chairman, Mr Sudhir Chandra, said on Tuesday that they will try to pay a