Page-2 of Topic: Taxation in India

Pramod Chandra Mody appointed as chairman of Central Board of Direct Taxes (CBDT)

Pramod Chandra Mody, a 1982 batch Indian Revenue Service (Income Tax cadre), has been appointed as the new chairman of Central Board of Direct Taxes (CBDT), the top...

February 15, 2019

Sushil Chandra appointed as Election Commissioner (EC) of India

Sushil Chandra, an IRS-IT officer of the 1980 batch, has assumed charge as the new Election Commissioner (EC) of India on 15th of February 2019. Prior to joining...

February 15, 2019

Sudhir Mungantiwar convenor of newly constituted Group of Ministers (GoM) to look at issues related to lottery under GST

In pursuance of decision in the 32nd Meeting of GST Council held on 10th January 2019 at New Delhi, a Group of Ministers (GoM) on issues relating to...

January 17, 2019

Nitin Patel heads of Group of Ministers (GoM) for GST issues in real estate

The Government of India (GoI) has constituted a 7-member Group of Ministers (GoM) to boost the real estate sector under the GST regime. Deputy Chief Minister of Gujarat...

January 16, 2019

Akhilesh Ranjan appointed as Convenor of Task Force drafting New Direct Tax Legislation

Union Finance Ministry has appointed Akhilesh Ranjan, Central Board of Direct Taxes (CBDT) member as Convenor of Task Force that is drafting New Direct Tax Legislation (Law). He...

November 27, 2018

Sanjay Kumar Mishra given charge of Enforcement Directorate (ED) director for three months

Sanjay Kumar Mishra, a 1984-batch Indian Revenue Service (IRS) officer of the Income Tax cadre, has been appointed as the principal special director in the central probe agency...

October 29, 2018

Sushil Modi to head Group of Ministers to examine modalities for ‘calamity tax’ under GST

The Government of India (GoI) has recently constituted a 7-member ministerial panel headed by Bihar Deputy Chief Minister Sushil Modi to examine modalities for revenue mobilisation in case...

October 3, 2018

Central Board of Indirect Taxes and Customs (CBIC) launches ‘GST Verify’ app to protect interest of consumers

The Central Board of Indirect Taxes and Customs (CBIC) has launched a mobile app ‘GST Verify’ to protect interest of consumers. It is an android app to verify...

July 6, 2018

S Ramesh takes charge as new chairman of Central Board of Indirect Taxes and Customs

S Ramesh, a 1981 batch officer of the Indian Revenue Service (Customs and Central Excise), has taken over charge as the new chairman of the Central Board of...

July 1, 2018

S Ramesh appointed as new chairman of Central Board of Indirect taxes and Customs (CBIC)

S Ramesh has been appointed as the new chairman of Central Board of Indirect taxes and Customs (CBIC). He will succeed Vanaja N. Sarna on July 1. The...

June 11, 2018

Property Tax in India

The term ‘property’ stands for tangible real estate owned by a person. It includes houses, office places, rented out properties etc. Taxes are the primary source of income...

May 21, 2018

Capital Gains versus Capital Receipts

Capital gain refers to the gain or profit from the sale of property or an investment. Investment may be in shares, equity, gold, real estate or valuables like paintings {a prelims...

May 2, 2018