Both wilful tax evader and salaried employee, students who inadvertently ignored the law are subject to the same Rs 10 lakh penalty under Black Money Act; Its time to correct this anomaly ...

Bengaluru: In a move that can improve the speed and accuracy of income-tax processing, the Central Board of Direct Taxes ...

Taxpayers and deductors are advised to file correction statements promptly to ensure that tax credits are properly reflected ...