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Income-tax Act News
How to file income tax returns online: ITR efiling made easy, here's is how
Tue, Mar 06, 2018
As per the Income-tax Act, all the companies and firms have to file the return irrespective of quantum of income or activity level. All individuals, HUFs and other persons whose total income exceeds basic exemption limit (before deductions under chapter VIA such as section 80C/80CCD/80DD/80TTA) have to mandatorily file return of income in the prescribed ITR form.
Now, govt to curb payments exceeding Rs 10,000 in cash
Fri, Feb 02, 2018
Union Finance and Corporate Affairs Minister Arun Jaitley proposed to impose restriction on entities incurring expenditure in cash without paying tax in order to control the cash economy and increase TDS compliance.
Budget 2018: Boon or bane for individual tax payers?
Fri, Feb 02, 2018
The Finance Minister in his Budget speech mentioned that there would be no changes to individual income-tax rates as the government has made many positive changes in the personal income-tax in the last three years.
Central Board of Direct Taxes signs four unilateral Advance Pricing Agreements
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.
Income Tax Department launches Operation Clean Money to verify demonetisation data with tax payers' filings
Tue, Jan 31, 2017
India's Income Tax Department has launched Operation Clean Money on Tuesday to verify deposited demonetised notes with tax payer's IT filings.
Here's how to use Income Tax Declaration Scheme
Fri, Jul 08, 2016
In an attempt to curb black money flowing into the country's economy, Prime Minister Narendra Modi-led government has launched an Income Tax Declaration Scheme, 2016.