Schemes to remove discretion in tax matters implemented: Nirmala Sitharaman

5 years, 6 months ago

Schemes to remove discretion in tax matters implemented: Nirmala Sitharaman

Finance minister Nirmala Sitharaman on Saturday sought to assure businesses that they need not worry about any overreach by tax officers. Speaking to reporters on the measures taken by the government to stimulate the economic growth rate, the minister said a scheme for faceless assessment of income tax returns have been implemented from Friday. She also said that a system of electronic numbering of tax department communication has been implemented that will remove discretion at the level of officers. The scheme for assessing tax returns electronically without any personal contact between officials and tax payers notified on Friday allows personal representation in specific circumstances such as appeals against the assessment.

Tax

Use simple words in notices to taxpayers, exercise power judiciously: FM tells taxmen

7 months, 2 weeks ago

Use simple words in notices to taxpayers, exercise power judiciously: FM tells taxmen

Tax

'Use Simple Words in Notices to Taxpayers, Exercise Power Judiciously': FM Nirmala Sitharaman Tells Taxmen

7 months, 2 weeks ago

'Use Simple Words in Notices to Taxpayers, Exercise Power Judiciously': FM Nirmala Sitharaman Tells Taxmen

Tax

Sitharaman to inaugurate national tax e-assessment centre on Monday

5 years, 5 months ago

Sitharaman to inaugurate national tax e-assessment centre on Monday

Tax

Faceless assessment of income tax returns takes effect

5 years, 6 months ago

Faceless assessment of income tax returns takes effect

Tax

Tax harassment will end, assures Sitharaman

5 years, 7 months ago

Tax harassment will end, assures Sitharaman

Tax

Opinion | Axe those tax fears

5 years, 7 months ago

Opinion | Axe those tax fears

Tax Fears

Discover Related

After court order, Anil Ambani withdraws plea challenging tax department action

2 days, 22 hours ago

After court order, Anil Ambani withdraws plea challenging tax department action

Businessman Anil Ambani withdrew a petition before the Bombay High Court, which had sought direction to the Income Tax Department to issue an order regarding a pending tax assessment for …

Tax Court Bench Petition

Five Hyderabad Income Tax officials and CA booked by CBI

5 days, 19 hours ago

Five Hyderabad Income Tax officials and CA booked by CBI

The Central Bureau of Investigation has registered a case against six individuals, including five officials from the Income Tax Department based in Hyderabad and a chartered accountant, over allegations of …

Hyderabad Income Tax Cbi

Jurisdictional Assessing Officer Lacks Jurisdiction To Issue Reassessment Notices U/S 148 Of Income Tax Act: Rajasthan High Court

1 week, 1 day ago

Jurisdictional Assessing Officer Lacks Jurisdiction To Issue Reassessment Notices U/S 148 Of Income Tax Act: Rajasthan High Court

The Rajasthan High Court stated that the Jurisdictional Assessing Officer lacks jurisdiction to issue income tax reassessment notices under section 148 of the Income Tax Act, 1961. The Bench of …

Live Law

Jurisdiction Tax Income Tax Act Income

Large-scale tax fraud busted by Income Tax department

1 week, 2 days ago

Large-scale tax fraud busted by Income Tax department

The intelligence wing of the Income Tax Department has detected a large-scale tax fraud during the simultaneous surprise raids organised across Tamil Nadu including the four southern districts. An official …

Tamil Nadu Fraud Employees Income Tax

FM Nirmala Sitharaman Backs Digital Data Access For Tax Investigations: Here's Why

1 week, 2 days ago

FM Nirmala Sitharaman Backs Digital Data Access For Tax Investigations: Here's Why

Finance Minister Nirmala Sitharaman has strongly defended tax authorities' access to digital records, calling it a crucial tool in tackling tax evasion and financial fraud. How Digital Clues Exposed Major …

ABP News

Legal Tax Tax Authorities Digital

Income Tax Bill Allows Officials To Access Assessee's Computer System Overriding Access Code In Certain Cases: Finance Ministry

1 week, 2 days ago

Income Tax Bill Allows Officials To Access Assessee's Computer System Overriding Access Code In Certain Cases: Finance Ministry

The Ministry of Finance has told the Parliament that the Income Tax officials cannot access the personal emails, social media accounts and bank accounts of all assesses.However, there is a …

Live Law

Tax Access Income Bill

FM Nirmala Sitharaman: Parliament to discuss new Income Tax Bill in Monsoon Session

1 week, 3 days ago

FM Nirmala Sitharaman: Parliament to discuss new Income Tax Bill in Monsoon Session

The new Income Tax Bill will be taken up for discussion in the Monsoon Session of Parliament, Finance Minister Nirmala Sitharaman said on Tuesday. Replying to the discussions on the …

Tax Income Sitharaman Parliament

Take taxpayer feedback, be sensitive to the honest: parliamentary panel to tax authorities

2 weeks, 1 day ago

Take taxpayer feedback, be sensitive to the honest: parliamentary panel to tax authorities

New Delhi: Tax authorities should be “sensitive” to the hardships faced by honest taxpayers due to wrong or inflated demands and take feedback from the public to improve faceless assessments, …

Tax Authorities Direct Taxes Demands Committee

Centre’s net direct tax collections reach ₹21.26 trillion, 95% of revised estimates

2 weeks, 4 days ago

Centre’s net direct tax collections reach ₹21.26 trillion, 95% of revised estimates

The Centre has collected ₹21.26 trillion in net direct taxes so far this fiscal year, reaching 95% of the revised full-year target, the Income Tax Department said Monday after the …

India Tax Advance Trillion

Income Tax Rules | Centre's Power To Relax Conditions Under Rule 9C Exceptional & Discretionary, Not Ordinarily Subject To Judicial Review: Delhi HC

3 weeks, 3 days ago

Income Tax Rules | Centre's Power To Relax Conditions Under Rule 9C Exceptional & Discretionary, Not Ordinarily Subject To Judicial Review: Delhi HC

The Delhi High Court has made it clear that the power of the Central government to relax conditions prescribed under Rule 9C of the Income Tax Rules 1962, read with …

Live Law

Court Power Judicial Review Conditions

New income tax law gives sweeping powers to tax officials, violates right to privacy: Congress

Trending 4 weeks ago

New income tax law gives sweeping powers to tax officials, violates right to privacy: Congress

The Congress on Friday alleged that the new income tax law gives tax officials sweeping powers, which allow them to violate the fundamental right to privacy. Gurdeep Sappal, a permanent …

Social Media Privacy Tax Congress

No April Fool: Tax officials can 'raid' your emails, social media from next year

4 weeks ago

No April Fool: Tax officials can 'raid' your emails, social media from next year

The digital corridors of our lives, once considered sanctuaries of personal thought and communication, now stand vulnerable to an unprecedented intrusion. What Clause 247 entails Clause 247 of the Income …

Social Media India Personal Legal

CBDT’s nudge leads to disclosure of over ₹29,000 crore of foreign assets

4 weeks, 1 day ago

CBDT’s nudge leads to disclosure of over ₹29,000 crore of foreign assets

NEW DELHI : A compliance drive launched in November 2024 by the Central Board of Direct Taxes, based on financial information received from foreign tax authorities, has led to more …

India Tax Assets Income

New Income Tax Bill, 2025: Congress warns of ’surveillance state’ under Modi govt, says ‘They need NO proof’

Trending 4 weeks, 1 day ago

New Income Tax Bill, 2025: Congress warns of ’surveillance state’ under Modi govt, says ‘They need NO proof’

The Congress has alleged that the new Income Tax Bill, 2025, grants tax authorities sweeping powers to access taxpayers' emails, social media, and bank accounts, raising privacy concerns and paving …

Social Media Tax Access Congress

New Income Tax Bill Proposes To Allow IT Officers To Access Social Media, E-mail Accounts Of Assessees During Scrutiny

Trending 4 weeks, 1 day ago

New Income Tax Bill Proposes To Allow IT Officers To Access Social Media, E-mail Accounts Of Assessees During Scrutiny

Recently, the new Income Tax Bill 2025 was introduced in Parliament. Although touted as a step to make Income tax law in India simpler, the Bill contains some provisions which …

Live Law

Social Media Tax Income Right

Income Tax officials can track emails, social media from 2026: Here is what it would mean to you

4 weeks, 1 day ago

Income Tax officials can track emails, social media from 2026: Here is what it would mean to you

Income Tax officials can track emails, social media from 2026: Here is what it would mean to you Starting April 1, 2026, Indian income tax officials will have the legal …

Social Media Media Social Financial

Privacy A Thing Of Past? Tax Officers Could Now Get Full Access To Digital Records

4 weeks, 2 days ago

Privacy A Thing Of Past? Tax Officers Could Now Get Full Access To Digital Records

Income tax officers in India will now be able to access the digital accounts of individuals if deemed necessary. The new norms of the Income Tax Bill, 2025 expand the …

ABP News

Law Tax Access Income

‘Assault on rights’: Mohandas Pai lashes out at new income tax rule that may let officers monitor your emails and more

4 weeks, 2 days ago

‘Assault on rights’: Mohandas Pai lashes out at new income tax rule that may let officers monitor your emails and more

Former Infosys CFO Mohandas Pai on Wednesday said that income tax officers being able to access a taxpayer's social media account and email starting next financial year is an “assault …

Access Income Tax Income Mohandas Pai

New income tax bill proposes allowing officers access to your email, social media

Top News 4 weeks, 2 days ago

New income tax bill proposes allowing officers access to your email, social media

The new income tax bill has recently been in the news, and not for the reasons taxpayers would hope. Right now, tax officers can ask for access to laptops, hard …

Social Media Tax Access Tax Authorities

Sitharaman reaffirms push for regulatory reforms, trust-based governance to boost businesses, economy

1 month ago

Sitharaman reaffirms push for regulatory reforms, trust-based governance to boost businesses, economy

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday reiterated the central government’s commitment to reducing regulatory hurdles and fostering trust-based governance, saying the Union Budget reflects these priorities. Highlighting the …

Financial Regulatory Sector Sitharaman

FM Sitharaman directs civil account officials to make govt’s annual accounts ‘user-friendly’: How will it help you?

1 month ago

FM Sitharaman directs civil account officials to make govt’s annual accounts ‘user-friendly’: How will it help you?

Finance Minister Nirmala Sitharaman asked civil accounts services officials to make the government's annual accounts more approachable and user-friendly. FM Sitharaman lauded the Indian Civil Accounts Service officers, led by …

Sitharaman Accounts Css Cga

Designated Committee Under Sabka Vishwas Scheme May Reject Application For Compounding Tax Over Bogus Documents: Telangana High Court

1 month, 1 week ago

Designated Committee Under Sabka Vishwas Scheme May Reject Application For Compounding Tax Over Bogus Documents: Telangana High Court

A division bench of the Andhra Pradesh High Court has dismissed a writ petition filed by M/s Diwakar Road Lines challenging the rejection of an application to compound all previous …

Live Law

Tax Court Application Notice

Tax Weekly Round-Up: February 10 - February 16, 2025

1 month, 2 weeks ago

Tax Weekly Round-Up: February 10 - February 16, 2025

NEW INCOME TAX BILL New Income Tax Bill 2025: Concept Of "Tax Year" To Be Introduced Instead Of "Assessment Year", "Financial Year" To Remain Unchanged The new Income Tax bill …

Live Law

India Supreme Court High Court Tax

Mint Quick Edit | Income tax: How close should authorities look?

1 month, 2 weeks ago

Mint Quick Edit | Income tax: How close should authorities look?

While India’s new Income Tax Bill broadly deserves praise for attempting to simplify the law, one provision could ruffle feathers. It makes it a must for an assessee to share …

Mint Quick Edit | Income tax: How close should authorities look?

1 month, 2 weeks ago

Mint Quick Edit | Income tax: How close should authorities look?

While India’s new Income Tax Bill broadly deserves praise for attempting to simplify the law, one provision could ruffle feathers. It makes it a must for an assessee to share …

Virtual Digital

Temporary savings tax fix almost impossible to implement: Council of State

1 month, 2 weeks ago

Temporary savings tax fix almost impossible to implement: Council of State

The Tax Authorities are struggling to implement a temporary scheme for tax on returns on assets. In an advisory report on the bill, the Council of State speaks of “an …

NL Times

Tax State Council Of State

New Income Tax: While Australia took 3 years and UK even longer, how did tax reforms in India happen in 6 months?

Trending 1 month, 2 weeks ago

New Income Tax: While Australia took 3 years and UK even longer, how did tax reforms in India happen in 6 months?

India's income tax law has recently undergone a major reform with a new Bill having been introduced in the Lok Sabha on Thursday and proposed to be reviewed by the …

Law India Tax Income

AAP MP Raghav Chadha questions Nirmala Sitharaman’s ₹12 lakh income tax relief for middle class: ‘Is it untrue…’

1 month, 3 weeks ago

AAP MP Raghav Chadha questions Nirmala Sitharaman’s ₹12 lakh income tax relief for middle class: ‘Is it untrue…’

Aam Aadmi Party MP Raghav Chadha on Friday said Union Finance Minister Nirmala Sitharaman tried to complicate his words at the Rajya Sabha the day before regarding his explanation on …

Finance Tax Income Tax Income

AAP MP Raghav Chadha questions Nirmala Sitharaman’s ₹12 lakh income tax relief for middle class: ‘Is it untrue…’

1 month, 3 weeks ago

AAP MP Raghav Chadha questions Nirmala Sitharaman’s ₹12 lakh income tax relief for middle class: ‘Is it untrue…’

Aam Aadmi Party MP Raghav Chadha on Friday said Union Finance Minister Nirmala Sitharaman tried to complicate his words at the Rajya Sabha the day before regarding his explanation on …

Finance Tax Income Tax Income

Sitharaman tables Income Tax Bill in Lok Sabha, seeks review by house committee

1 month, 3 weeks ago

Sitharaman tables Income Tax Bill in Lok Sabha, seeks review by house committee

Finance minister Nirmala Sitharaman on Thursday tabled the new Income Tax Bill 2025 in the Lok Sabha and proposed a review by a select committee of the lower house, signalling …

Law India Tax Lok Sabha

Finance Minister Nirmala Sitharaman Tables New Income Tax Bill In Lok Sabha

1 month, 3 weeks ago

Finance Minister Nirmala Sitharaman Tables New Income Tax Bill In Lok Sabha

Finance Minister Nirmala Sitharaman presented the new Income Tax Bill In Lok Sabha on Thursday, which will replace the Income Tax Act, 1961. The new Income Tax Bill aims to …

ABP News

Tax Income Tax Income Bill

Budget Session: FM Nirmala Sitharaman to table New Income Tax bill in Lok Sabha today. ‘Complicated’ says, Congress MP

1 month, 3 weeks ago

Budget Session: FM Nirmala Sitharaman to table New Income Tax bill in Lok Sabha today. ‘Complicated’ says, Congress MP

Finance Minister Nirmala Sitharaman will table the Income Tax Bill 2025 in the Lok Sabha today, February 13. According to the agenda circulated by the Lok Sabha secretariat, Union Finance …

Tax Budget Congress Income Tax

What to expect from the new income tax law: Simplicity, tax certainty, reduced litigation

1 month, 3 weeks ago

What to expect from the new income tax law: Simplicity, tax certainty, reduced litigation

New Delhi: The government is set to introduce the Income Tax Bill, 2025, in parliament on Thursday, seeking to replace a six-decade-old law with a crisper and shorter statute. Signal …

Law Tax Income Tax Income

Tax Weekly Round-Up: February 03 - February 09, 2025

1 month, 3 weeks ago

Tax Weekly Round-Up: February 03 - February 09, 2025

SUPREME COURT Income Tax Act | Offence Committed Before Show-Cause Notice Compoundable As Covered By 'First Offence' In Compounding Guidelines: Supreme Court Case title: VINUBHAI MOHANLAL DOBARIA Vs CHIEF COMMISSIONER …

Live Law

Delhi Tax Court Customs

Simpler Filing Process To Faster Refunds: What New Income Tax Bill Could Bring

1 month, 3 weeks ago

Simpler Filing Process To Faster Refunds: What New Income Tax Bill Could Bring

The New Income Tax Bill is likely going to be introduced by Finance Minister Nirmala Sitharaman in the Lok Sabha today. Ankit Garg, CEO, Wealthy Nivesh, shared that the New …

ABP News

Tax Income Tax Income Bill

Finance Minister Nirmala Sitharaman says income tax and RBI rate cut will boost economy: Report

1 month, 3 weeks ago

Finance Minister Nirmala Sitharaman says income tax and RBI rate cut will boost economy: Report

The income tax relief which the Budget 2025 provided, coupled with the Reserve Bank of India's repo rate cut will boost recovery in consumption in the economy, a report by …

Hindustan Times

Tax Income Tax Income Report

Nirmala Sitharaman Says New Income Tax Bill Likely To Be Presented In Lok Sabha Next Week

Top News 1 month, 3 weeks ago

Nirmala Sitharaman Says New Income Tax Bill Likely To Be Presented In Lok Sabha Next Week

Finance Minister Nirmala Sitharaman on Saturday said she is likely going to table the new income tax bill in the Parliament next week. Speaking at a media briefing after addressing …

ABP News

Tax Budget Income Minister

Finance Minister Nirmala Sitharaman, RBI Governor Sanjay Malhotra, CBD board will meet today, address media at 12

1 month, 3 weeks ago

Finance Minister Nirmala Sitharaman, RBI Governor Sanjay Malhotra, CBD board will meet today, address media at 12

Finance Minister Nirmala Sitharaman, new Reserve Bank of India Governor Sanjay Malhotra, and the Central Board of Directors of the RBI are scheduled for a customary post-Budget meeting, according to …

Tax Malhotra Cbd Sitharaman Rbi

Cabinet okays bill to replace Income Tax Act, may be tabled in parliament soon

Top News 1 month, 4 weeks ago

Cabinet okays bill to replace Income Tax Act, may be tabled in parliament soon

The Union cabinet on Friday approved a bill to replace the more than six-decade-old Income Tax Act,1961 with a new, simpler and easy-to-understand law, as part of the government's regulatory …

Law Tax Income Cabinet

Cabinet clears Income Tax bill, to be introduced in Parliament next week

1 month, 4 weeks ago

Cabinet clears Income Tax bill, to be introduced in Parliament next week

The Union Cabinet on Friday approved the new income tax bill, which will replace the six decades old I-T Act, sources told PTI. Finance Minister Nirmala Sitharaman announced in Budget …

Hindustan Times

Tax Income Minister Pti

New Income Tax Bill Greenlit By Union Cabinet To Streamline Taxation Framework: Report

Top News 1 month, 4 weeks ago

New Income Tax Bill Greenlit By Union Cabinet To Streamline Taxation Framework: Report

New Income Tax Bill: The Union Cabinet has reportedly given its nod to a new Income Tax Bill aimed at simplifying India’s tax framework and modernising compliance procedures, as reported …

ABP News

Tax Bill Taxpayer Income Tax Bill

Employees cautioned against claiming deductions without proper document

1 month, 4 weeks ago

Employees cautioned against claiming deductions without proper document

Important tax provisions and the Budget 2025-26 proposals related to the salaried employees were explained at an outreach programme organised by the Income Tax Department at the Bharat Heavy Electricals …

Tax Income Tax Income Months

AP CM Naidu urges revenue departments to adopt innovative methods to tackle financial crisis

1 month, 4 weeks ago

AP CM Naidu urges revenue departments to adopt innovative methods to tackle financial crisis

VIJAYAWADA: Chief Minister N Chandrababu Naidu on Tuesday underscored the need for the revenue earning departments to achieve the best results to bail out the State from the present financial …

New Indian Express

Revenue State Naidu

Respecting service of taxpayers: Nirmala Sitharaman on Budget income tax breaks

Trending 2 months ago

Respecting service of taxpayers: Nirmala Sitharaman on Budget income tax breaks

Finance Minister Nirmala Sitharman on Tuesday said that the tax relief given in Budget 2025 was Prime Minister Narendar Modi's effort to respect the service the taxpayers are doing for …

Budget Income Tax Tax Breaks Taxpayers Nirmala

No plans to shut it down: Nirmala Sitharaman on old tax regime

2 months ago

No plans to shut it down: Nirmala Sitharaman on old tax regime

The Finance Minister said that she has no plans to scrap the old tax regime. "I don't have any proposal to shut it down," said Finance Minister Nirmala Sitharaman on …

Finance Tax Old Regime

Merely Paying Penalty For Wilful Delay In Filing Income Tax Returns Does Not Exonerate Assessee From Being Prosecuted: Karnataka High Court

2 months ago

Merely Paying Penalty For Wilful Delay In Filing Income Tax Returns Does Not Exonerate Assessee From Being Prosecuted: Karnataka High Court

The Karnataka High Court has refused to quash prosecution initiated by the Income Tax Department against an assessee who had willfully failed to submit his income tax returns in time …

Live Law

Tax Court Penalty Criminal

Idea behind simpler, new income tax bill? So you can deal with taxes on your own

Trending 2 months ago

Idea behind simpler, new income tax bill? So you can deal with taxes on your own

Finance Minister Nirmala Sitharaman has said that the new income tax bill, which will be presented in Parliament next week, will aim to make the IT Act relevant to the …

Tax Budget Income Sitharaman

Tax Weekly Round-Up: January 27 - February 02, 2025

2 months ago

Tax Weekly Round-Up: January 27 - February 02, 2025

HIGH COURTS Andhra Pradesh HC S.12 Central Sale Tax Rules | Can Certificate Of Export Be Filed After Completion Of Sales Tax Proceedings: AP HC Refers To Full Bench Case …

Live Law

India Delhi Tax Customs

Self-declaration to simplify duty payments and refunds for businesses: CBIC chief

2 months ago

Self-declaration to simplify duty payments and refunds for businesses: CBIC chief

NEW DELHI : The Centre has introduced a major simplification to customs procedures through an amendment in the Finance Bill 2025, aimed at enhancing ease of doing business for importers …

India Customs Reform Duty

‘Taxpayers build nation they’ll drive demand,’ says FM Nirmala Sitharaman

2 months ago

‘Taxpayers build nation they’ll drive demand,’ says FM Nirmala Sitharaman

The Prime Minister Narendra Modi-led government has sought to respect the taxpayer instead of following a rent-seeking approach, finance minister Nirmala Sitharaman said on Sunday, emphasising that the huge tax …

Hindustan Times

India Tax Budget Income