Wed, Nov 01, 2023
The Income Tax Department appreciated taxpayers and tax professionals for on-time compliance, resulting in a record number of filing of Income Tax Returns (ITRs) till October 31, 2023, said a press release by CBDT.
Sun, Aug 20, 2023
Employees enjoying rent-free accommodation would see rationalisation of perquisite value leading to a reduction in taxable salary, increasing the net take-home pay.
Sat, May 27, 2023
Suggestions/Comments have been invited from stakeholders & general public on the draft rules, which can be sent to ustpl2@nic.In, latest by June 5, 2023, the Central Board of Direct Taxes (CBDT) tweeted.
Sun, Jul 30, 2017
Return filing is nothing but a declaration from your side to the government and it reports your income from all the sources as specified under the income tax act as earned during the previous year.
Many taxpayers are facing hard times in filing their Income Tax Returns they have been requesting IT-department to extend the deadline.
Sat, Jul 08, 2017
Government has notified to quote their Aadhaar for applying PAN. We tell you how to file your income tax returns if you have to file using ITR-4.
Fri, Jun 30, 2017
Linking Aadhaar becomes mandatory from July 1 but it will not make your PAN card invalid. Time period is expected to be given soon by the IT department.
Tue, Jun 27, 2017
Central Board of Excise and Customs (CBEC) chief Vanaja N Sarna told PTI today that the unit will act as a quick resource centre for central and state government officials to address their queries on the historic tax reform scheduled to be implemented from July 1.
Quoting Aadhaar card for filing IT returns will become mandatory from July 1. Here's what you need to keep in mind
Wed, Jun 21, 2017
Aadhaar card is a must for your Income Tax returns this year. Due date for IT returns are usually on July 31 of every year.
Sat, Jun 10, 2017
All tax payers who have been allotted Permanent Account Number (PAN) should intimate their Aadhaar number to the income tax authorities for the purpose of linking both the numbers, the Central Board of Direct Taxes (CBDT) said on Saturday, a day after the Supreme Court upheld the law in this rega
Wed, May 24, 2017
The Income Tax Department (I-T) has announced on Wednesday of identifying over 400 benami transactions which include deposits in bank accounts, plots of land, flat and jewellery.
Tue, Apr 11, 2017
From now, the newly incorporated corporates will be able to issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) in just one day.
Tue, Apr 04, 2017
As per the Finance Act, 2017, the income arising by way of a transfer of long-term capital asset, being equity share in a company, will be exempt from tax if such transfer is undertaken after October 1, 2004 and chargeable to Securities Transaction Tax (STT).
Fri, Mar 31, 2017
CBDT in one of the major reforms, notified the designing of one page ITR form to simplify the process of tax filing.
"Representations have been received from various stakeholders regarding difficulties in uploading of declaration in Form No 1 under the Pradhan Mantri Garib Kalyan Yojna (PMGKY) scheme.
Mon, Feb 13, 2017
The Government of India's Income Tax Department has processed 92% of Income Tax Returns (ITRs) within 60 days for the current financial year 2016-17(FY17).
Sun, Feb 12, 2017
The assessment proceedings in all cases selected under scrutiny have to be conducted through email based communications unless the taxpayer concerned desires to opt out of the paperless assessment scheme.
Tue, Feb 07, 2017
The Central Board of Direct Taxes announced on Tuesday of signing four unilateral Advance Pricing Agreements (APAs) pertaining to the manufacturing, financial and information technology sectors.
Highlighting on the alert which is given on the income tax e-filing website, he said that already 2 lakh people have logged in on it.
Wed, Feb 01, 2017
Read salient features of Direct Tax proposals of India's Union Budget 2017-18 announced on February 1, 2017.
Fri, Jan 20, 2017
The Government of India announced on Friday of its participation in the Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC) meeting on Panama Papers held in Paris on January 16 and 17.
Wed, Jan 18, 2017
Drawing a line for disclosure under the new tax evasion amnesty scheme, the government on Wednesday said only unaccounted domestic cash holding can be declared through it and not jewellery, stocks, immovable property or overseas accounts.
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