Tue, Dec 31, 2024
Through a circular, the Central Board of Direct Taxes (CBDT) extended the due date for determining the amount payable under the VsV scheme to January 31, 2025, from December 31, 2024.
More >
Tue, Nov 26, 2024
This will be an upgrade of the current PAN/TAN 1.0 ecosystem, consolidating the core and non-core PAN/TAN activities as well as the PAN validation service.
Wed, Nov 13, 2024
There has been a significant increase in income tax compliance in the country with more than five-fold growth in the Rs 50 lakh-plus income category, according to sources.
Tue, Mar 28, 2023
Aadhaar-PAN Link: The date for intimating Aadhaar to the prescribed authority for the purpose of linking PAN and Aadhaar has now been extended to 30th June, 2023.
Thu, Mar 23, 2023
The mobile app will facilitate taxpayers to view their information as available in the Annual Information Statement (AIS)/ Taxpayer Information Summary (TIS).
Wed, Mar 22, 2023
The Income Tax department has made it mandatory for every citizen of the country to link permanent account numbers (PAN) with an Aadhaar card. If one fails to do so before the deadline, then his/her 10-digit unique alphanumeric PAN number will become inoperative from 1 April 2023.
Mon, Mar 13, 2023
Under the e-verification scheme, the I-T department informs the taxpayers about mismatch in Annual Information Statement (AIS) about the financial transaction, and the I-T returns filed.
Tue, Feb 21, 2023
The Income Tax department is conducting raids at packaging company Uflex Limited, covering 64 different locations across the country, sources said. According to UFlex's website, it is a multinational packaging solutions provider.
Thu, Feb 16, 2023
IT survey continues on BBC offices for the third day. Yesterday 3-4 computers were seized in Mumbai office and mobiles of employees were cloned in Delhi office.
Wed, Feb 15, 2023
The Income Tax department survey operation against the BBC India continued for the second day. Meanwhile, the BBC issued an email to its staff instructing them to cooperate with the investigation. Along with this, employees have been asked to avoid giving information about personal income.
Tue, Feb 14, 2023
The Income Tax Department on Tuesday conducted “surveys” at the Delhi and Mumbai offices of the British Broadcasting Corporation (BBC) as part of an investigation into alleged tax evasion. According to sources, the phones of employees have been seized. Employees have also been asked to leave the office and go home early.
A team of officials from the Income Tax Department reached the offices of the BBC in India. According to the details, survey operations were underway at BBC's Delhi and Mumbai offices. Know the complete details from Ankur Tyagi.
Sun, Feb 05, 2023
PAN Aadaar Link Online, Status Check By SMS: Individuals can link their PAN and Aadhaar by paying a penalty amount or late fee of Rs 1000. The last date to link PAN and Aadhaar is March 31, 2023.
Wed, Feb 01, 2023
Budget 2023: The finance minister said the mechanism to defer the filing of a case in a tax dispute till a constitutional court decides the common legal question would "greatly help in reducing the repeated litigation between taxpayers and the department".
Sun, Dec 04, 2022
Under Section 245 of the Income Tax Act, the AO can adjust the refund (or a part of the refund) against any tax demand that is outstanding from the taxpayer. Taxpayers can submit a response to the intimation notice if he/she disagrees with the tax demand.
Tue, Oct 11, 2022
Income Tax Notice: Every taxpayer should report all his sources of income, transactions and investments while filing income tax return. Especially, if you do a high-value transaction, then you should mention it to IT. If its details are not included in your tax records, then a notice may come to you from the Income Tax Department. Annual Information Return (AIR) statement keeps the details of all your financial transactions, this statement is checked by the tax authorities. The E part of Form 26A contains the details of your high-value transactions.
Sun, Sep 18, 2022
CBDT has issued revised Guidelines for Compounding of offences under the Income-tax Act, 1961 with reference to various offences covered under the prosecution provisions of the Act.
Thu, Sep 01, 2022
The shell entities have been found to have routed back the unaccounted money in the guise of share capital or unsecured loan into the business of the group, CBDT said.
Sat, Aug 13, 2022
Tax collections are one of the indicators of economic activity as higher income of companies suggest demand growth and wealth creation.
Fri, Aug 12, 2022
The government introduced APY on June 1, 2015, to provide social security to workers mainly in the unorganised sector.
Tue, Aug 02, 2022
The business group was "involved in profiteering through manipulation of share prices of its listed companies through operators."
Fri, Jul 29, 2022
According to data provided by community social media platform LocalCircles, 41 per cent of Indians who qualify to file the return are yet to file their papers. Around 10 per cent said that they were facing technical glitches.
Thu, Jul 28, 2022
Data suggest that over 50 lakh ITRs were filed on the last date last time. This time as well, the Revenue Secretary said, that the last date could see huge traffic on the I-T filing portal, expecting around 1 crore returns on July 31.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
