Black money disclosure window: Unaccounted wealth can be declared till today
Today is the last day for making declaration of unaccounted wealth under the Income Disclosure Scheme and declarations can be made online as well as in printed copies in prescribed form till Friday (Sept 30) midnight.
Sep 30, 2016, 08:45 AM IST
Black money: IDS counters to be opened till 8 pm today, tomorrow
With two days remaining for the black money disclosure scheme to close, the tax department has decided to keep counters for receiving physical declarations open till 8 pm today (Wednesday) and tomorrow (Thursday).
Sep 28, 2016, 18:12 PM IST
Black money disclosure window offers no absolution, to yield little cash for govt
As the four-month campaign draws to a close this week, there looks to be few takers despite a high-profile warning that this is the last chance for tax dodgers to come clean.
Sep 28, 2016, 09:47 AM IST
Black money disclosure scheme: IDS counters to remain open till mid-night on Sept 30
People with undisclosed assets can escape prosecution by coming clean under the Income Disclosure Scheme (IDS).
Sep 27, 2016, 11:15 AM IST
Income Declaration Scheme: I-T offices to remain open till midnight on Sept 30
The taxman will undertake a midnight vigil on September 30 as CBDT has directed the Income Tax department to keep their offices country-wide open in order to receive declarations under the domestic black money window - the Income Declaration Scheme (IDS).
Sep 15, 2016, 18:41 PM IST
CBDT to honour honest taxpayers
In a novel initiative revived after decades, the CBDT will soon honour lakhs of "honest and compliant" taxpayers from across the country who have paid their Income Tax dues diligently over the years.
Sep 15, 2016, 18:27 PM IST
Income Declaration Scheme: I-T offices to remain open till midnight on Sep 30
The taxman will undertake a midnight vigil on September 30 as CBDT has directed the Income Tax department to keep their country-wide offices open in order to receive declarations under the domestic black money window - the Income Declaration Scheme (IDS).
Sep 15, 2016, 15:29 PM IST
Govt extends return filing date for large taxpayers to Oct 17
Revenue Department has extended the date to October 17 for filing of tax returns by assesses who are required to submit audited accounts in view of the ongoing income declaration scheme (IDS-2016).
Sep 09, 2016, 20:05 PM IST
CBDT launches online 'nivaran' to resolve I-T grievances
CBDT has launched the ambitious 'e-nivaran' facility for online redressal of taxpayers' grievances related to refunds, ITRs and PAN among others as part of its initiative to reduce instances of harassment of the public when it comes to complaints related to the I-T department.
Sep 08, 2016, 17:31 PM IST
Govt gives declarants option to come up with undisclosed income through e-filing
With just four weeks remaining for the black-money disclosure scheme to close, the government has given declarants an option to declare their undisclosed income through electronic filing rather than physical presentation of documents.
Sep 03, 2016, 11:54 AM IST
I-T dept to 'name and shame' chronic crorepati defaulters
The I-T department had began publishing the names of tax defaulters in leading national dailies last year and has so far named 67 such big defaulters from across the country.
Aug 29, 2016, 18:47 PM IST
India in talks with Singapore to amend DTAA provisions: CBDT
India is renegotiating over a two-decade old tax treaty with Singapore and the revised protocol will take into account the concerns of both.
Aug 23, 2016, 13:10 PM IST
Banning cash transactions over Rs 3 lakh under consideration: CBDT
Government is examining SIT's recommendation of banning cash transactions of over Rs 3 lakh in a bid to clamp down on black money in the economy, CBDT Chairperson Rani Singh Nair said Tuesday.
Aug 23, 2016, 13:02 PM IST
SIT's recommendation of banning cash transactions above Rs 3 lakh under consideration: CBDT
The Central Board of Direct Taxes (CBDT) on Tuesday said that the SIT's recommendation of banning cash transactions of Rs 3 lakh and above is under consideration.
Aug 23, 2016, 11:23 AM IST
Blackmoney disclosure:I-T dept not to question valuer's report
The valuation report from a registered valuer will not be questioned by the income tax department for disclosures made under the domestic black money compliance scheme, the CBDT clarified on Thursday.
Aug 18, 2016, 20:23 PM IST
CBDT to acknowledge black money declarants by August-end
Black money holders who have disclosed their ill-gotten assets during July under the ongoing compliance window will receive acknowledgement from the tax department by August 30.
Aug 14, 2016, 11:41 AM IST
CBDT issues draft norms for taxing buy back of unlisted shares
Central Board of Direct Taxes (CBDT) Monday came out with draft rules for determining the quantum of distributed income arising out of buy back of shares of unlisted companies for levy of tax.
Jul 25, 2016, 17:44 PM IST
CBDT prepares 9 lakh special cases; to confront taxpayers
The CBDT on Monday cautioned lurking stash holders saying it has prepared a database of about "nine lakh pieces" of instances of high-value transactions and it will soon "confront" them with this information as part of its exercise to ensure timely declarations under the ongoing one-time black money window.
Jul 18, 2016, 21:43 PM IST
Issue upto Rs 5,000 refunds fast and quick: CBDT to I-T dept
CBDT has directed the Income Tax department to "expeditiously" issue refunds worth Rs 5,000 for last three assessment years in order to provide immediate relief to taxpayers.
Jul 14, 2016, 20:14 PM IST
Black money: Income Declaration Scheme is not a seasonal sale, says FM Jaitley
Refusing demands to make the Income Declaration Scheme 2016 more attractive, Finance Minister Arun Jaitley on Thursday said the IDS is "not a seasonal sale".
Jul 14, 2016, 19:10 PM IST
