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Finance Ministry expects at least 80% of taxpayers to move to new tax regime

The finance ministry expects at least 80 per cent of the taxpayers to move to the new income tax regime, Revenue Secretary Ajay Bhushan Pandey said on Friday. The

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Relief for taxpayers as govt extends due dates for filing GST annual returns

The government on Thursday extended the due dates for filing GST annual returns for 2017-18 to December 31 and for the financial year 2018-19, to March 31 next year.

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Demonetisation: Three years on, more taxpayers and greater digital payment usage, but some pain points remain

Three years after the government’s decision to “demonetise” Rs 500 and Rs 1,000 notes, authorities are sifting through a mine of data, amid a sharp rise in taxpayers’ base,

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Number of crorepati taxpayers up 20% to 97,689 in AY 2018-19: CBDT data

The number of crorepati taxpayers shot up 20 per cent to 97,689 during assessment year (AY) 2018-19, as per tax returns data released by the revenue department. The number

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Faceless e-assessment scheme for taxpayers launched

Dubbed as a major initiative in the direction of taxation reform, the Income-Tax Department on October 7 launched a faceless e-assessment scheme to eliminate interface between an assessing officer

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