Black money window: CBDT issues notification to ensure secrecy
CBDT on Monday issued a fresh notification making it clear that information about those who declare their black money under the compliance window, ending September 30, will be kept secret.
Jul 11, 2016, 17:25 PM IST
Blackmoney window: CBDT orders rationing of taxman's leave
Pulling out all the stops to make the ongoing one-time black money window scheme a success, the CBDT has ordered regulation of leave of all Income Tax department officials over the next three months.
Jul 06, 2016, 18:46 PM IST
Black money window: FM Jaitley to meet industry chambers, CAs today
Finance Minister Arun Jaitley will meet industry associations on Tuesday to clear doubts about the four-month window provided to holders of undeclared wealth to come clean.
Jun 28, 2016, 15:44 PM IST
Black money window: CBDT issues fresh FAQs; PAN mandatory
CBDT on Monday issued a set of fresh FAQs to clarify doubts about the processes of the one-time black money window as it stated that furnishing PAN number will be mandatory for the declarant while cases of non-filing of ITRs will be eligible to apply but with certain conditions.
Jun 27, 2016, 21:55 PM IST
TCS to be levied above Rs 2 lakh only if payment in cash: CBDT
CBDT has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the payment for certain goods or services is less than Rs 2 lakh, even when the total payment is more than this amount.
Jun 27, 2016, 15:05 PM IST
Publicise blackmoney scheme at posh markets, malls: CBDT to IT
CBDT has directed the Income Tax department to step up publicity of the ongoing one-time blackmoney compliance window by advertising it at posh markets, clubs and showrooms and also ensure full privacy to those making disclosures for better collections.
Jun 23, 2016, 14:24 PM IST
Ensure single point contact for black money disclosures: CBDT
To ensure confidentiality, the Income Tax Department has mandated only senior officers to be a single point of contact for those making disclosures under the one-time window provided to black money holders to come clean.
Jun 23, 2016, 13:30 PM IST
Rajasva Gyan Sangam: PM Modi asks tax officers to remove fear of harassment among taxpayers
Inaugurating the two-day Rajasva Gyan Sangam at Vigyan Bhavan today, PM Modi asked tax officers to move towards digitisation and make tax administration better and efficient.
Jun 16, 2016, 12:38 PM IST
PM Narendra Modi to inaugurate Rajasva Gyan Sangam today
Prime Minister Narendra Modi will hold an interactive session with the top brass of the two revenue collection arms of the government -- CBDT and CBEC -- during a first-of-its-kind 'Rajasva Gyan Sangam' on Thursday.
Jun 16, 2016, 08:45 AM IST
PM Modi to hold interactive session with taxmen at Revenue 'Gyan Sangam'
Prime Minister Narendra Modi will hold an interactive session with the top brass of the two revenue collection arms of the government -- CBDT and CBEC -- during a first-of-its-kind 'Rajasva Gyan Sangam' to be held here on June 16.
Jun 12, 2016, 10:51 AM IST
Black money window: IT dept to publish list of asset valuers
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 Wednesday.
Jun 01, 2016, 23:06 PM IST
Compliance window for domestic black money opens tomorrow
Under the Income Declaration Scheme, persons making disclosure of unaccounted assets will be given time up to November 30 to pay taxes, penalty and surcharge totalling 45 percent at the fair market value.
May 31, 2016, 14:00 PM IST
FIs can obtain self-certification via internet banking: CBDT
Under the FATCA and CRS, Financial Institutions (FIs) can now obtain self-certification through internet banking platform from the user account where the customer has transaction rights, the CBDT said on Friday.
May 28, 2016, 18:04 PM IST
Not just cash transactions, IT officials also tracking Facebook posts for foreign tour photos!
IT officials are now tracking Facebook account of the offenders to dig out information from them.
May 22, 2016, 19:24 PM IST
IT dept's PAN-Aadhaar linkage crosses 50-lakh mark
The Income Tax department's ambitious plan to link its PAN number database with Aadhaar has crossed the 50-lakh mark.
May 11, 2016, 18:44 PM IST
CBDT sets August 31 as deadline for clearing pending ITRs, refunds
Taxpayers have been advised to check their status of pending returns for the said AYs at the IT department website for e-filing -- http://incometaxindiaefiling.Gov.In/. They can log in by using their PAN number and specific year of assessment.
May 09, 2016, 23:51 PM IST
Income Tax refunds worth Rs 1.22 lakh crore issued in FY’16: Govt
The Income Tax department has issued 2.10 crore refunds totalling over Rs 1.22 lakh crore in 2015-16, which saw 94 per cent the returns being filed online.
May 06, 2016, 15:05 PM IST
Just 1% of population pay taxes; over 5,000 paid more than Rs 1 crore
Taxpayers account for just about one per cent of India's population, but tax outgo was over Rs 1 crore for as many as 5,430 individuals, as per the latest data disclosed by the government for assessment year 2012-13.
May 01, 2016, 17:45 PM IST
