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Hasmukh Adhia

Finance Secy Hasmukh Adhia to retire on Nov 30; Jaitley praises his contribution

Finance Secy Hasmukh Adhia to retire on Nov 30; Jaitley praises his contribution

Sun, Nov 18, 2018

Showering praise on Finance Secretary Hasmukh Adhia, who retires on November 30, Finance Minister Arun Jaitley Saturday said he was a no-nonsense civil servant who performed his job with impeccable integrity.

Finance Secretary Hasmukh Adhia to retire on Nov 30

Finance Secretary Hasmukh Adhia to retire on Nov 30

Sat, Nov 17, 2018

While wishing him a good post-retirement life, Jaitley commended Adhia`s contributions as Revenue Secretary for bringing a series of reforms including execution of Goods and Services Tax (GST) and making the income tax filing process online with no physical interface between the assessee and the assessment official.

Single tax return form under GST will be available soon: Hasmukh Adhia

Single tax return form under GST will be available soon: Hasmukh Adhia

Mon, Jul 02, 2018

On the occasion of the first anniversary of the GST, Hasmukh Adhia said that 4 tax slabs have helped us in protecting the poor and middle classed in the country, as a single slab would have had a negative impact on them

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GST Impact: Telecom services, mobile phones to be expensive from July 1

GST Impact: Telecom services, mobile phones to be expensive from July 1

Sat, May 20, 2017

According to experts, the telecom services and mobile handset prices will go up from July 1 once the new GST tax comes into effect as the government has finalised 18% tax on services provided by telecom operators as against 15% at present.

61 lakh taxpayers enrolled under GST, says Hasmukh Adhia

61 lakh taxpayers enrolled under GST, says Hasmukh Adhia

Thu, May 11, 2017

He was briefed about the software system being developed for GST, training of tax officials and outreach program being undertaken by Tax Departments across the nation.

CBI unearths 393 shell companies used to divert Rs 2,900 crore

CBI unearths 393 shell companies used to divert Rs 2,900 crore

Sun, May 07, 2017

According to sources, CBI has uncovered 393 shell companies which were used to divert loan funds meant for specified purposes, creating fake invoices, and "round-tripping" of funds to evade taxes and generate black money.

Exclusive talk with 'Hasmukh Adhia', Revenue Secretary on govt's preparation for GST

Exclusive talk with 'Hasmukh Adhia', Revenue Secretary on govt's preparation for GST

Sat, May 06, 2017

Exclusive talk with 'Hasmukh Adhia', Revenue Secretary on govt's preparation for GST. Watch this special segment and get to know more here.

GST will not bring major hike in tax burden: Official

GST will not bring major hike in tax burden: Official

Tue, Apr 25, 2017

The government will try to finalise the rates of tax for each item at the earliest, the Revenue Secretary said.

Individuals have to disclose cash payments over Rs 2 lakh made for loans, card payments in new ITR form

Individuals have to disclose cash payments over Rs 2 lakh made for loans, card payments in new ITR form

Mon, Apr 10, 2017

Individuals will have to disclose all cash payments of over Rs 2 lakh made for paying loans and credit card bills during the 50-day period post demonetisation in the new Income Tax Return (ITR) form.

Education, healthcare, pilgrimages not to be taxed under GST

Education, healthcare, pilgrimages not to be taxed under GST

Sun, Apr 02, 2017

Adhia said the endeavour would be to maintain the current tax incidence on a commodity or service at the same level in the new Goods and Services Tax (GST) regime.

Finance Bill gets presidential assent, takes effect from today

Finance Bill gets presidential assent, takes effect from today

Sat, Apr 01, 2017

Advancement of the Budget will give government departments more leeway to spend as well as allow companies time to adapt to business and taxation plans.

Cash transaction limit proposed to be cut to Rs 2 lakh from Rs 3 lakh

Cash transaction limit proposed to be cut to Rs 2 lakh from Rs 3 lakh

Wed, Mar 22, 2017

In yet another move to curb black money in India, the government on Tuesday proposed a fresh ceiling of Rs 2 lakh on cash transactions, which is lower than the Rs 3 lakh proposed in Budget 2017-18.

Fast track prosecution cases against shell cos: CBDT to taxmen

Fast track prosecution cases against shell cos: CBDT to taxmen

Sun, Mar 12, 2017

The I-T department is taking steps to plug loopholes in the law and deter people from wrongly availing capital gains benefits.

Govt may rework indirect tax maths mid-way after GST entry

Govt may rework indirect tax maths mid-way after GST entry

Sun, Feb 12, 2017

GST collections so made are then to be split equally between the Centre and states. But since there are no reliable estimates of combined VAT collections of states, Jaitley could not project the Centre's revenue from GST in 2017-18.

Indirect tax collection grows 17% in January 2017, Hasmukh Adhia says

Indirect tax collection grows 17% in January 2017, Hasmukh Adhia says

Fri, Feb 10, 2017

India's revenue secretary Hasmukh Adhhia in New Delhi on Friday said that tax collections (direct and indirect) continue to show consistent trend of healthy growth.

Here's all you need to know about "Gift Tax"

Here's all you need to know about "Gift Tax"

Mon, Feb 06, 2017

Talking to Zeebiz, Archit Gupta, Founder & CEO ClearTax.com, said that the Section 56 says that incomes which do not form part of other income heads are included in ‘income from other sources’.

Govt rules out tax incentive beyond Rs 2 lakh for second home

Govt rules out tax incentive beyond Rs 2 lakh for second home

Sat, Feb 04, 2017

"Government resources are very very limited. The question is should the government be subsidising first-time home owners who are occupying own house or should the government be subsidising the second acquisition of the property by people who have got surplus money to invest in real estate," Adhia said while addressing industry representatives here.

GST won't lead to job losses at tax department, assures FM Arun Jaitley

GST won't lead to job losses at tax department, assures FM Arun Jaitley

Fri, Jan 27, 2017

Ahead of the rollout of GST, Finance Minister Arun Jaitley on Friday sought to address concerns of job loss from reduced work of tax officials, saying they should have no insecurity as enough work and opportunities will be available to them in the new indirect tax regime.

Political parties can't accept old notes in donation; tax exemption rules unchanged: Arun Jaitley

Political parties can't accept old notes in donation; tax exemption rules unchanged: Arun Jaitley

Sun, Dec 18, 2016

In a bid to clear the air on tax exemption to political parties, Finance Minister Arun Jaitley said on Saturday they can not accept donations in old Rs 500 and Rs 1,000 notes since these bills were junked last month and clarified that there is no new exemption granted.

Deposit in bank acounts of political parties exempt from tax, says Hasmukh Adhia

Deposit in bank acounts of political parties exempt from tax, says Hasmukh Adhia

Sat, Dec 17, 2016

As it levies stiff penalties on unaccounted cash in banks, the government on Friday said political parties depositing old Rs 500 and Rs 1,000 notes in their accounts will be exempt from income tax.

I-T department sends 3,000 notices for high bank deposits post notes ban

I-T department sends 3,000 notices for high bank deposits post notes ban

Sat, Dec 17, 2016

Income Tax department (I-T) has issued around 3,000 notices to assessees for unmatched deposits in bank accounts, while it has seized a total of Rs 393 crore in cash and jewellery over the past five weeks.

Centre releases revised drafts of 3 GST laws, to be placed before Council on Dec 2-3

Centre releases revised drafts of 3 GST laws, to be placed before Council on Dec 2-3

Sat, Nov 26, 2016

The revised drafts of three Goods and Services Tax (GST) laws have been released after incorporating suggestions from stakeholders, the government said on Saturday. These will now be placed before the Goods and Services Tax (GST) Council in its next meeting on December 2 and 3.

India abolishes larger banknotes in fight against graft, 'black money'

India abolishes larger banknotes in fight against graft, 'black money'

Wed, Nov 09, 2016

Prime Minister Narendra Modi on Tuesday announced that 500 and 1,000 rupee banknotes would be withdrawn from circulation at midnight to crack down on rampant corruption and counterfeit currency

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