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Tax assessment to be jurisdiction-free

NEW DELHI: The income tax (I-T) department is working on a new system of jurisdiction-free assessment, where a taxpayer would be assessed by a taxman based in any part of the country as part of measures to reduce…

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GST Reduced For 66 Items, Know All About It Here

The Goods and Services Tax (GST) Council at its 16th meeting in New Delhi on Sunday revised the rates of 66 items out of the 133 for which representations had been received seeking change from the fitments originally…

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GST Rate Lowered On Movie Tickets, Printers, Over 60 Items: 10 Facts

The GST or Goods and Services Tax Council met on Sunday to review demands raised by 133 industries seeking change from the fitments originally made under the four-slab indirect tax structure. Chaired by Union Finance Minister Arun Jaitley,…

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ClearTax launches software for return filing under GST

NEW DELHI: Online tax filing portal ClearTax on Friday launched a software which will help dealers and retailers in preparation of tax returns under the Goods and Services Tax (GST) regime. The ClearTax GST software prevents mismatches and…

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I-T department will probe cases of spike in income under revised returns

NEW DELHI: Those who showed a sudden spike in income when filing revised tax returns after demonetisation should now prepare themselves to face scrutiny. These cases are in addition to the 1 lakh high-risk cases already identified by…

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Home Ministry says no to WiFi in its office area in North Block

NEW DELHI: Plans to install WiFi services in the North Block will have to be shelved as the Home Ministry has categorically declined to offer the facility citing security reasons. The home ministry categorically said that it cannot…

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GST: Imported goods may turn costlier

NEW DELHI: Consumer durables such as smart phones that are imported could see a temporary spike in prices as India transitions to the goods and services tax (GST) that’s set to be rolled out from July 1. That’s…

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SC defends making Aadhar mandatory for ITR, PAN, says can curb terrorism

Saying that Aadhaar is sophitiscated technology, the court also observed that it wil help in keeping corruption and black money in check. New Delhi: Introduction of Aadhaar into the tax regime is one of the measures to tackle…

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Digiyatra Initiative Launched for Seamless Passage Through Airports

The government on Thursday announced the launch of the digital travel experience initiative – Digiyatra – for Indian fliers. Digiyatra aims to digitally link unique IDs such as Aadhaar, passport or PAN card to the airlines’ booking PNR…

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Government proposes that an Aadhaar like Unique ID to be made mandatory for booking flights

The government proposes to make it mandatory for Indian air travellers to provide a Unique Identification (UID) like Aadhaar, passport or PAN card at the time of booking tickets, Civil Aviation Minister Jayant Sinha said on Thursday, while…

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