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.
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Tue, May 23, 2023
The Income Tax department has enabled online filing of income tax returns (ITRs) 1 and 4, filed by individuals, professionals and small businesses, for 2022-23 fiscal.
Fri, Apr 21, 2023
According to the exclusive news of Zee Business, IT department and GST IRDAI have sent a letter to SEBI over tax evasion by insurance companies. Listed companies are accused of irregularities in the name of commission. Know the complete news from Tarun Sharma.
Mon, Feb 20, 2023
In the BBC tax evasion case, the Income Tax Department has allegedly found huge evidence of tax evasion. According to sources, legal action against BBC is possible. In this case there will be tax liability of 2 years. BBC UK gives 9 percent of the earnings to BBC India. The Income Tax Department has found evidence of tax evasion of about Rs 55-60 crore.
Sun, Apr 24, 2022
The goods and services tax (GST) Council has not sought views from states on hiking tax rates, a PTI report said quoting sources on Sunday.
Wed, Dec 22, 2021
Income tax refunds of over Rs 1.44 lakh crore have been issued to 1.38 crore taxpayers so far this fiscal, the I-T department said on Wednesday.
Tue, Jun 22, 2021
Even two weeks after the launch of the much-talked about new income tax return (ITR) e-filing portal, technical glitches continue to trouble the site. This issue will be taken by the officials of the Finance Ministry with Infosys, the vendor that provided this solution at a meeting today at 11 AM.
Fri, May 21, 2021
The new taxpayer-friendly portal integrated with immediate processing of Income Tax Returns (ITRs) to issue quick refunds to taxpayers.
Fri, Dec 25, 2020
It will now become difficult for tax payers to dupe the income tax department as the latter, with the help of its faceless assessment system, has begun to tighten noose around those who have deliberately chosen to not respond to the notices for enquiry and verification of the tax returns, according to the government sources
Fri, Nov 06, 2020
The Income-Tax department has carried out search and seizure operations on Thursday at premises of a self-styled evangelist of Thiruvalla in Kerala and his group of various trusts, the department said in a press release
Fri, Jul 31, 2020
An important update for all tax payers. The income tax department has extended the due dates for filing the TDS/TCS related compliance. See the nature of compliance and the new due dates notified by the department on 24 June 2020
Mon, Jan 27, 2020
Income tax officials have reportedly identified approximately 5,000 mid-and small-sized firms for alleged violations of income tax rules, including disparities between their goods and services tax (GST) returns and tax declarations for 2018-19.
Fri, Sep 13, 2019
Soon, the Income Tax Department will not send notices directly to tax payers but an e-assessment centre has been formed to do so.
Wed, Jun 26, 2019
Income tax authorities will share details of assets of borrowers and their guarantors with public sector banks in case of loan defaults.
Tue, Jun 11, 2019
The axe has fallen on about 12 senior officers of the rank of chief commissioners, principal commissioners, commissioners of income tax department under rule FR (fundamental rule) 56 (j) of central civil services (pension) rules.
The government has dismissed from service twelve senior income tax officers, including joint commissioner Ashok Agarwal, on charges of corruption and professional misconduct, sources said.
Tue, May 07, 2019
Tax evasion on Radar of IT department. Watch this video to know more.
Sun, Mar 31, 2019
Social Media may soon come under the eyes of the Income Tax Department of India, to grab tax thieves and defaulters in the country. The IT department has initiated 'Project Insight' to bring tax thieves and people, who pose rich on social media, under surveillance.
Tue, Jan 08, 2019
The I-T office issued search warrants under section 132 of the Income-Tax Act 1961 on those who were searched a day or two ahead of conducting the raids.
Sat, Sep 01, 2018
At present, providing father's name in the PAN application Forms (Form No.49A and Form No.49AA) is mandatory, however, the applicant has been given an option to select the name of either father or mother, which the applicant may like to be printed on PAN card.
Mon, Feb 19, 2018
A tax-payer who has taken benefit under Section 80TTB cannot take tax benefit under Section 80TTA, because benefits under Section 80TTB and Section 80TTA are exclusive.
Mon, Jan 22, 2018
The IT department is yet to specify the amount of tax liability.
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