To facilitate Delhiites in paying their property tax, the MCD is planning to simplify its tax return form. Read More

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The major area of confusion is which form to select as there are variants available. ULIPs modified: Key benefits for investors | e-filing I-T returns: Get your maths right Read More

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Your date with the taxman is under a week away. You have to file your income tax returns by July 31 if you do not want to come under the IT department?s scrutiny. Read More

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Supreme Court has ruled that the cost of secondary packing for the purpose of convenience of customers and transportation of goods cannot be included in the value of the goods for assessment of excise duty. Read More

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Minimum alternate tax (MAT) - a levy typically aimed at collecting tax from companies enjoying exemptions - is not payable by foreign companies not having a permanent establishment in India, according to a recent verdict by the Authority for Advance Ruling. Read More

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A study revealed rampant evasion to the extent of 50% in half of the 23 states where tax audits were carried out. Read More

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The taxman does not have claim over the bank overdraft facility of a defaulter since the lender does not owe money, but has promised a loan for business, the Bombay High Court has ruled. Read More

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Finance Minister Pranab Mukherjee said on Thursday that the government would introduce the Direct Taxes Code (DTC) Bill, that will simplify direct tax laws, in the monsoon session of Parliament beginning July 26. Read More

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