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The Income-Tax Department has sent out letters to more than 10,000 assessees, most of them pensioners, for attempted tax evasion, especially on income from sources other than pension.

Net income tax collection rises 14.8 per cent to Rs 1.42 lakh cr in Q1

Growth in corporate advance tax is at 8.1 per cent and that in personal advance tax is at 40.3 per cent.

6 July 2017 7:22 PM IST

The projects are strategically situated in CEZs (Coastal Economic Zone) with proximity to ports and will give boost to the EXIM trade for food processing sector. (Photo: Representational Image)

Food processing ministry sets up GST facilitation cell

GST cell will be equipped with the complete knowledge of the relevant GST Act, rules, rate structure, etc.

6 July 2017 7:05 PM IST

ATM/debit card-related frauds saw a 26 per cent rise with 6,996 cases were reported in 2016

Customers should report fraud in 3 days to avoid losses: RBI

RBI fixes Rs 25,000 liability in case third party fraud is reported after four to seven working days.

6 July 2017 7:03 PM IST

Modi government's GST a mockery, imperfect, says Chidambaram

Congress will press for reduction in tax rates and demand a cap of 18 per cent.

6 July 2017 6:34 PM IST

elecom Minister Manoj Sinha

New Telecom Policy in works; public consultation soon: Sinha

Telecom industry's debt has touched Rs 4.6 lakh crore, and a latest report by ICRA.

6 July 2017 6:17 PM IST

Builders to pass on benefits of input tax credit to buyers of flats in projects started post-GST.

Real estate players plan to absorb GST shock to prevent slump

Already sales volume on a national level of the first half of 2017 (Jan-June 17') is down by 11 per cent.

6 July 2017 5:43 PM IST

Union Labour minister Bandaru Dattatreya

EPFO to raise ETF investment to Rs 45,000 crore: Dattatreya

Dattatreya also said the ministry is working on consolidating 44 labour codes into four in order to simplify them.

6 July 2017 5:05 PM IST

The schemes run by EPFO and ESIC provide mandatory cover to formal sector workers in the country.

EPFO likely to announce PF rate for FY18 next month

EPFO had lowered rate of return to 8.65 per cent for 2016-17, from 8.8 per cent in 2015-16.

6 July 2017 4:18 PM IST

70% of the complaints about overpricing on the pretext of GST are from semi-urban and rural areas which have lower levels of awareness.

Textile industries observe strike demanding abolition of GST

More than 10,000 power looms, 5,000 textile retail shops, 400 textile bleaching, units participated in the strike.

6 July 2017 3:57 PM IST

Iran has also been requested for allocation of adequate land for the Indian SEZ and identification of joint venture partners. (Representational Image)

Govt exempts SEZs from integrated GST

SEZ area is considered to be a foreign territory for trade operations and duties and is set up for promoting exports.

6 July 2017 3:32 PM IST

File picture of people using an ATM machine in Hyderabad.

Your Rs 100 ATM withdrawal to cost Rs 3 more due to 18 per cent GST

Earlier, services tax for financial services was 15 per cent which means a rise of 3 per cent.

6 July 2017 2:42 PM IST

The GST will replace about 20 Central and state taxes such as excise duty, service and local VAT while unifying $2 trillion economy and 1.3 billion people into a single market.

AP, Telangana lead in GST awareness; Tamil Nadu lags

More than half of the country's population is unaware about newly rolled out Goods and Services Tax.

6 July 2017 2:15 PM IST