Budget 2017: Anti-graft and rationalisation measures announced in the field of income tax

Feb 01, 2017, at 08:30 pm

New Delhi, Feb 1 (IBNS): The present burden of taxation is mainly on honest tax payers and salaried employees who are showing their income correctly, said Union Minister for Finance and Corporate Affairs Arun Jaitley while presenting the General Budget 2017-18 in Parliament on Wednesday.

Income Tax: PAN or Form-60 now mandatory for all money transactions

Jan 23, 2017, at 06:58 pm

Kolkata, Jan 23 (IBNS): Senior officers from the Directorate of Income Tax Intelligence and Criminal Investigation said at a conference in Kolkata that the latest Income Tax amendments now make it mandatory to quote a PAN number or Form-60 for every financial transaction.

Indirect, direct tax collection up despite demonetisation says Finance Minister Arun Jaitley

Jan 09, 2017, at 08:24 pm

New Delhi, Jan 9 (IBNS): Union Finance Arun Jaitley said on Monday that indirect and direct tax collection has gone up during the first three quarters of the current fiscal despite demonetisation in November, according to media reports.

Govt keen to weed out black money says IT director

Jan 03, 2017, at 06:48 pm

Kolkata, Jan 3 (IBNS): At a recent seminar on the Pradhan Mantri Garib Kalyan Yojana, Additional Director of Income Tax, Intelligence and Criminal Investigation, P. B. Pramanik said the government has adopted a strict stance in its war against black money.