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  • Air India privatisation saga: 'Time we stopped paying Rs 20 crore/day of taxpayers money to keep it flying' Oct 17, 2021 11:56 AM IST

    Air India privatisation saga: 'Time we stopped paying Rs 20 crore/day of taxpayers money to keep it flying'

    While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM Secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline that is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS.

  • Rs 1,57,339,00,00,000: Taxpayer’s bill for Air India 2010-21 Oct 13, 2021 01:34 PM IST

    Rs 1,57,339,00,00,000: Taxpayer’s bill for Air India 2010-21

    The amount realisable from Air India’s residual assets following the handover of the airline to the Tatas is unlikely to be higher than their book value, according to experts

  • Simply Save | The new income tax return portal: Will the glitches queer the pitch for tax return-filers? Aug 25, 2021 04:00 PM IST

    Simply Save | The new income tax return portal: Will the glitches queer the pitch for tax return-filers?

    What are the glitches tax-payers need to aware of? Preeti Khurana, Chief Editor, Clear.in, a tax consultancy portal weighs in on the issue in this episode of Simply Save. Tune in for details

  • Rs 133 crore of taxpayers' money lost due to Parliament disruptions: Report Jul 31, 2021 11:03 PM IST

    Rs 133 crore of taxpayers' money lost due to Parliament disruptions: Report

    Sources said so far 89 hours have been wasted in the ongoing session which started on July 19 and is scheduled to conclude on August 13.

  • Honest taxpayers deserve to be recognised for paying due share of taxes: Finance Minister Nirmala Sitharaman Jul 24, 2021 05:28 PM IST

    Honest taxpayers deserve to be recognised for paying due share of taxes: Finance Minister Nirmala Sitharaman

    In her message to the I-T Department on the 161st anniversary of Income Tax Day, she complimented the department for continuing to work towards simplifying its procedures and processes, and making its functioning hassle-free, fair and transparent.

  • Budget 2021: Income tax slabs unchanged; here's how Twitter reacted Feb 01, 2021 06:28 PM IST

    Budget 2021: Income tax slabs unchanged; here's how Twitter reacted

    The salaried middle-class taxpayers, who had pinned their hopes on revised tax slabs expecting some relief especially after COVID-19 distress, was left disappointed as FM Sitharaman made no change to the personal income tax slabs.

  • Budget 2021 memes on middle class taxpayers dominate Twitter trends after Nirmala Sitharaman's speech Feb 01, 2021 04:47 PM IST

    Budget 2021 memes on middle class taxpayers dominate Twitter trends after Nirmala Sitharaman's speech

    Social media users flooded Twitter with Budget 2021 memes after finance minister Nirmala Sitharaman tabled the Union Budget 2021-22 on February 1.

  • Joshi congratulates Modi for measures against black money Nov 09, 2016 05:26 PM IST

    Joshi congratulates Modi for measures against black money

    Senior BJP leader Murli Manohar Joshi today congratulated Prime Minister Narendra Modi on his "blitzkrieg on unaccounted money", calling his measures against black money bold and timely and asserting that it should be supported in full despite short-term inconveniences.

  • Two proposals to deal with GST dual control issue: Sources Oct 24, 2016 02:01 PM IST

    Two proposals to deal with GST dual control issue: Sources

    The GST Council meet which happened last week was inconclusive on the rate structure, though issues over cess were thrashed out. Now, CNBC-TV18 learns from sources that there are two proposals that are on the anvil.

  • Have earned Rs 11,000cr in taxes from erstwhile non payers: CBDT Jun 27, 2016 07:54 PM IST

    Have earned Rs 11,000cr in taxes from erstwhile non payers: CBDT

    The benami amendment bill will be introduced in the monsoon session and warned that there will be more stringent measures to control the menace of tax evasion, says Rani Nair, member of the central board of direct taxes, in an interview to CNBC-TV18.

  • Disclosure requirement of assets while filing your ITR May 24, 2016 05:23 PM IST

    Disclosure requirement of assets while filing your ITR

    The tax payer has to provide the cost of these assets in case the same are not reflected in the balance sheet of the partnership firm in case of a partner and in the balance sheet of the proprietor business or profession.

  • CBDT forms directorates to monitor taxpayer service Mar 07, 2016 12:34 PM IST

    CBDT forms directorates to monitor taxpayer service

    To reduce grievances of tax payers, the revenue department has set up a dedicated structure for delivery and monitoring of taxpayer services.

  • Are the salaried second class citizens of the country? Mar 01, 2016 02:23 PM IST

    Are the salaried second class citizens of the country?

    Budget proposals about EPF taxation have either been drafted in a hurry or have deliberately been made to be unjust to salaried people.

  • Budget 2016: Five beneficial provisions for individual tax payers Feb 29, 2016 07:16 PM IST

    Budget 2016: Five beneficial provisions for individual tax payers

    Here are five provisions from Union Budget 2016 that you cannot forget.

  • Are Achche Din Here For Tax Payers? Dec 30, 2015 06:39 PM IST

    Are Achche Din Here For Tax Payers?

    By: Ameet Patel, CA

  • Over 20,000 people haven't paid property taxes Jul 11, 2015 02:12 PM IST

    Over 20,000 people haven't paid property taxes

    Therefore, the scheme is modified to give them relief to pay the tax either of the systems i.e. Unit Area Method or Rateable Value Method. The cases would be decided on merit.

  • How to file income tax returns for six years & claim refund Jun 30, 2015 10:30 AM IST

    How to file income tax returns for six years & claim refund

    CBDT recently prescribed to allow income tax assesses to file their tax returns for six years, provided they follow prescribed procedure

  • FM's tax dept can bring milder version of 'tax terrorism' Apr 21, 2015 02:28 PM IST

    FM's tax dept can bring milder version of 'tax terrorism'

    In an indirect way, Jaitley has also broken his promise that nothing will be retrospective in nature. The new returns will seek information pertaining to last year, since it is that return we have to file by July.

  • EU strikes deal on who will pay for bank bailouts Jun 27, 2013 03:32 PM IST

    EU strikes deal on who will pay for bank bailouts

    Finance Ministers from European Union have reached a deal in the early hours of Thursday to set up new rules which would share the burden of saving a bank.

  • Govt urges tax payers to disclose true income May 21, 2013 07:29 PM IST

    Govt urges tax payers to disclose true income

    The income tax dept has set up a compliance management cell to ensure follow-up action, and track returns filed and tax payment of the target segment.

  • Tax deduction at sources and its workings May 21, 2013 06:56 PM IST

    Tax deduction at sources and its workings

    There are several details related to the entire TDS process that has to be seen carefully and hence here is a look at several terms as well as conditions related to this mode.

  • Budget 2013: FM offers minor sops to income tax payers in Budget Feb 28, 2013 01:38 PM IST

    Budget 2013: FM offers minor sops to income tax payers in Budget

    Walking the tight rope ahead of next year's elections, finance minister P Chidambaram today offered minor sops to income tax payers but slapped a 10 per cent surcharge on 'super-rich' individuals and corporates, levied an inheritance tax and raised duties on mobile phones, cigarettes and luxury vehicles.

  • Get tax benefit through Rajiv Gandhi Equity Savings Scheme Dec 31, 2012 12:24 PM IST

    Get tax benefit through Rajiv Gandhi Equity Savings Scheme

    For all those tax payers who have never had any exposure in the stock market let the year 2013 be their first year for investing in the stock market.

  • I-T refunds decline 23.33% in April-September Oct 21, 2012 04:18 PM IST

    I-T refunds decline 23.33% in April-September

    Income-tax (I-T) refunds during the first half of current financial year have come down to Rs 46,000 crore from Rs 60,000 crore in the same period last year.

  • Two reasons why you have a wrong tax demand Sep 28, 2012 11:52 AM IST

    Two reasons why you have a wrong tax demand

    There have been a lot of instances where individual tax payers have been given wrong demand notices for taxes that is outstanding even though in reality there might not be any such figure present.

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