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Taxes-Direct & Income Tax

Former Lok Sabha speaker Sumitra Mahajan felicitates Kusum Devi, a 103-year-old income tax payer, during the 159th Income Tax Day programme, in Bhopal. TV actor Divyanka Tripathi i...

PTI Photo
Protesters hold up anti-Amazon signs during a coalition rally and press conference of elected officials, community organizations and unions opposing Amazon headquarters getting sub...

AP Photo/Bebeto Matthews
Karnataka Energy Minister D K Shivakumar with wife and mother (behind) arrives to appear at Income Tax office in Bengaluru. This is the seventh time that the minister has been aske...

PTI Photo by Shailendra Bhojak
Union Minister of Finance and Corporate Affairs Arun Jaitley at the National Academy of Customs, Indirect Taxes and Narcotics (NACIN) Foundation Day and Passing Out Ceremony of 67t...

PTI Photo
Union Finance Minister Arun Jaitley with Justice A K Sikri launch a book "Concise Commentary on Income Tax" during the Wolters Kluwer Conference on Tax Reforms: Driving Transparenc...

PTI Photo by Kamal Singh
Police personnel outside Income Tax office where former Bihar CM and RJD senior leader Rabri Devi and leader of opposition Tejashwi Yadav arrived for questioning, in Patna.

PTI Photo
Union Minister for Finance and Corporate Affairs Arun Jaitley with MoS Santosh Gangwar, Revenue Secretary Hasmukh Adhia and CBDT Chairman Sushil Chandra releases a coffee-table boo...

PTI Photo by Kamal Singh
Delhi's deputy chief minister Manish Sisodia and Puducherry Chief Minister, V Narayanasamy at the 17th GST Council Meeting at Vigyan Bhawan in New Delhi.

PTI Photo by Subhav Shukla
Union Minister for Finance and Corporate Affairs Arun Jaitley with MoS Santosh Gangwar and Chief Economic Adviser Arvind Subramanian at the 17th GST Council Meeting at Vigyan Bhawa...

PTI Photo by Subhav Shukla
Members of Kashmir Traders and Manufacturers Fedration staged a sit in to protest against the Goods and Services Tax (GST) at Lal Chowk, in Srinagar.

PTI Photo by S irfan
Union Minister for Finance and Corporate Affairs Arun Jaitley with MoS Santosh Gangwar and Revenue Secretary Hasmukh Adhia during the16th GST Council Meeting at Vigyan Bhawan, in N...

PTI Photo by Kamal Singh
Prime Minister Narendra Modi reviewing the status of GST, which is to be implemented from July 01, in New Delhi. Finance Minister Arun Jaitley is also seen.

PTI Photo
Union Finance Minister Arun Jaitley with MoS Santosh Gangwar at the 15th Goods and Services Tax (GST) meeting in New Delhi.

PTI Photo by Atul Yadav
Union Finance Minister Arun Jaitley with MoS Santosh Gangwar and Revenue Secretary Hasmukh Adhia at the 15th Goods and Services Tax (GST) meeting, in New Delhi.

PTI Photo by Atul Yadav
Delhi Deputy Chief Minister Manish Sisodia addresses a press conference on the issue of lower tax rates under GST, at Delhi Secretariat in New Delhi.

PTI Photo
Union Finance Minister Arun Jaitley with MoS Santosh Gangwar and Reneue Secretary Hasmukh Adhia addressing a press conference on the firsrt day of the 14th Goods and Services Tax (...

PTI Photo by S Irfan
Fully Loaded

C. Vijayabaskar (2nd fom left) during an IT raid at his house

Photograph by PTI
Actor-Politician Sarath Kumar during the income tax department's raids at Radaan Mediaworks, in Chennai. This came a day after Sarathkumar was questioned by the agency following a ...

PTI Photo
Union Minister for Finance and Corporate Affairs, Arun Jaitley chairing the ninth GST Council Meeting, at Vigyan Bhawan, in New Delhi.

PTI Photo by Shahbaz Khan
Union Minister for Finance and Corporate Affairs, Arun Jaitley chairing the ninth GST Council Meeting at Vigyan Bhawan, in New Delhi. MoS for Finance, Santosh Kumar Gangwar and Re...

PTI Photo by Shahbaz Khan

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Magazine

Spilling The Beans: How Murky Was Cafe Coffee Day Founder VG Siddartha's Death

Were Cafe Coffee Day czar Siddhartha's problems insurmountable? The answer is elusive till a complete picture of his financial situation is revealed

Aug 21, 2019

| Ajay Sukumaran
Good Intent Need Not Be So Taxing

The government is absolutely right that we have to deal with defaulters and over-leveraged companies by assessing the probability of recovery, or else file for bankruptcy.

Aug 21, 2019

| Kiran Mazumdar-Shaw
Death By Debt: Indian Businesses Are Devastated, Tax Terror Adds To Woes

Debt looms as a terrifying spectre. Zombie companies or corporate underachievers have doubled and even the biggest of business empires like Reliance Industries are worried and hassled

Aug 21, 2019

| Alam Srinivas Jyotika Sood Lola Nayar
Un-Stable: Cloud Of Uncertainty Hangs Over Vijay Mallya's Stud Farm In Karnataka

Vijay Mallya’s stud farm in Karnataka is going through trying times and his ‘hobby horses’ may be put out to pasture

Dec 19, 2018

| Ajay Sukumaran
A Swiss Maze Of Tax Escape

In Mumbai, the tax tribunal rules ‘discretionary beneficiaries’ of Swiss bank accounts can go tax free

Nov 22, 2018

| Neel Shah
E-Way To Tax Heaven

Positive steps have been taken to refine the GST regime

Jul 19, 2018

| Suresh Rohira
One Year Of GST: How Smooth Is Passage Of Goods On Our Highways

Has the One Hundred and First Amendment to the Constitution smoothed the passage of goods on our highways? Outlook’s correspondents clamber on to trucks across India to gauge.

Jun 21, 2018

| Salik Ahmad Siddhartha Mishra Ajay Sukumaran Dola Mitra Neel Shah
One Year Of GST: Eat In And Keep The Taxman Away

GST has been largely neutral or beneficial for consumers, but ‘luxuries’ are a bone of contention

Jun 20, 2018

| Arindam Mukherjee
The Direct Line

This year’s Budget throws in some original reforms with regard to direct taxes

Feb 02, 2018

| Rajesh H. Gandhi
The Same Old Taxing Times

A low fiscal deficit on his mind, the FM plays it safe with taxes. Only the old have reason to smile.

Feb 02, 2018

| Arindam Mukherjee
The Grim Gabbar Curve

Traders in Gujarat are still reeling from economic reforms

Nov 02, 2017

| Prachi Pinglay-Plumber
Clueless In GST Country

The teething period of the new tax regime begins on a chaotic note, cornering several traders

Jul 07, 2017

| Lola Nayar

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Website

Coffee Day Enterprise Appoints E&Y To Scrutnize Book Of Accounts

Earlier, on August 6, Coffee Day Enterprises had said that it is aware of reports questioning the authenticity of the signature on the purported letter written by Siddhartha and is cooperating with regulatory authorities in this regard.

Aug 08, 2019

| Outlook Web Bureau
No Exposure To Any Cafe Coffee Day Group, Says Tata Capital Financial Services

According to TCFS, it had a maximum exposure of Rs 165 crore to Café Coffee Day (CCD) group in FY2017-18, and that the entire amount had been repaid by March 2019.

Aug 04, 2019

| Outlook Web Bureau
'Government, Banks Can Drive Person To Despair,' Vijay Mallya Tweets On CCD Founder

Liquor baron and founder of the now grounded Kingfisher Airlines Vijay Mallya on Wednesday drew parallels between his story and that of the Cafe Coffee Day founder VG Siddhartha

Jul 31, 2019

| Outlook Web Bureau
V G Siddhartha, The Man Behind India's Largest Coffee Empire, Goes Missing; Police Suspects Suicide, Search Operation On

The frantic efforts to locate Siddhartha are on even as teams of National Disaster Response Force, Coast Guard, Home Guard, fire services and coastal police have been pressed into the massive search operation.

Jul 30, 2019

| Outlook Web Bureau
Income Tax Dept Attaches Rs 254 Crore Worth Of 'Benami' Equity Of Madhya Pradesh CM Kamal Nath's Nephew

Enforcement Directorate said Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, is the beneficial owner of these 'benami' held equity shares and has been charged under the relevant law.

Jul 30, 2019

| Outlook Web Bureau
IT Dept Attaches 'Benami' Plot Worth Rs 400 Crore In Noida Belonging To Mayawati's Brother, Wife

The provisional order for the attachment of the seven-acre plot, 'beneficially owned' by Anand Kumar and his wife Vichiter Lata, was issued on July 16 by the Delhi-based Benami Prohibition Unit (BPU) of the department.

Jul 18, 2019

| Outlook Web Bureau
OPINION | Budget Arithmetic For 2019-20 Reveals The Potential Concerns On Fiscal Federalism

Some of the important figures in Union Budget for 2019-20 would seem a little too ambitious if one takes a close look at two sets of budgetary figures available at present for Union Government’s finances for the year 2018-19, which ended on 31st of March this year.

Jul 06, 2019

| Subrat Das
Five Takeaways For Middle Class From Union Budget 2019-20

Finance Minister Nirmala Sitharaman presented the Union budget on Friday and said the NDA government had set the ball rolling for a "new India" in its first term, saying there is a lot to cheer about for the middle class.

Jul 05, 2019

| Outlook Web Bureau
Union Budget 2019: Petrol, Diesel To Be Costlier; Super Rich To Be Taxed More; Sops To Housing, Startups

Finance Minister Sitharaman announced a surcharge on individuals having taxable income of Rs 2 crore to Rs 5 crore and for those above Rs 5 crore which will hike their effective tax rate by 3 percent and 7 percent respectively.

Jul 05, 2019

| Outlook Web Bureau
Live Updates: Union Budget 2019 Has Been Presented With A 10-Year Vision In Mind, Says FM Sitharaman

Finance Minister Nirmala Sitharaman presented the first budget of the Modi government in its second term. Sitharaman said India needs to make structural reforms to achieve USD 5 trillion economy in the next few years. Follow live updates here

Jul 05, 2019

| Outlook Web Bureau