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Income Tax Department (IT) News
Income Tax Department (IT)
Income tax crackdown: Rs 992.5-cr assets seized, says government
Sat, Dec 29, 2018
The values of assets seized during the past two financial year are Rs 1,469.62 crore in 2016-17 and Rs 992.52 crore in 2017-18, Shukla said.
Taxpayer panic to fulfill GST criteria, as I-T dept asks to submit documents in 7 days
Sun, Jun 24, 2018
In GST, businesses are allowed to claim credit for excise and service tax paid for the stock that was bought before GST came but were sold when GST came (July 1). As such credits, a huge amount of Rs 1.6 lakh crore was claimed by nearly 9.5 lakh assessees till the December 27 deadline. For claiming credits there are forms like GSTR-1, GSTR-2, GSTR-3, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A and GSTR-6.
ICDS delayed by a year, finance ministry confirms
Thu, Jul 07, 2016
ICDS will be applicable on the income earned in this fiscal instead of the previous financial year.
I-T dept has unearthed undisclosed income worth Rs 43,000 crore in 2 years: Hasmukh Adhia
Fri, Jul 01, 2016
Last week, Prime Minister Narendra Modi had also said there would not be any extension.
Black money compliance window: After completing a month, I-T dept creates special tab on website
Tue, Jun 28, 2016
IDS was announced by the government with an aim to flush out black money from the domestic economy.
Market dips down of Brexit fear
Mon, Jun 27, 2016
Market dips down of Brexit fear. Watch complete news story of Headlines @ 8:00 AM and stay updated with the latest trends and statistics in the stock market, commodity market and share market!
Find out how to your file income tax returns within 7 minutes
Mon, Jun 20, 2016
ClearTax, which started in 2011, has come out with a platform that claims you to file your income tax return within 7 minutes.
'Valuer' list to be declared for black money window compliance: Income Tax Dept
Thu, Jun 02, 2016
The Income Tax Department will soon put out a list of registered "valuers" of various categories of assets for those who wish to declare their untaxed funds and properties under the one-time domestic black money compliance window that opened on Wednesday.
IT Dept has sent notices to Indians named in Panama Papers' expose: Jaitley
Fri, Apr 29, 2016
"Every Indian whose name has appeared in the Panama Papers expose... the income tax department has sent notices and currently investigating the matter," the minister told the Lok Sabha in reply to a question on tax evasion.