New ITR forms for 2018-19 notified by CBDT, some fields 'rationalised'
The policy-making body of the tax department said on Thursday that some fields have been "rationalised" in the latest ITRs forms.
Apr 05, 2018, 23:36 PM IST
Submit these documents to avoid paying excess TDS
Generally, an employer deducts tax from your salary and pay it to the government known as Tax Deducted at Source (TDS).
Jan 25, 2018, 10:43 AM IST
You may face these penalties if you don't pay tax on time
Collection from income tax stood at Rs 1.88 lakh crore in 2015-16, lower from Rs 1.91 lakh crore in the previous year.
Dec 30, 2017, 11:06 AM IST
Direct tax collections jump 16% to Rs 3.86 lakh crore till September
A Central Board of Direct Taxes (CBDT) statement here said the collections for the period April-September amount to 39.4 per cent of the total budget estimates of direct taxes for the current financial year.
Oct 11, 2017, 18:03 PM IST
L&T Infotech bags $100 million contract to help pin down tax evaders
Terming the work awarded by the Central Board of Direct Taxes as a "high volume digital deal", he elaborated that the project involves creating a 'semantic web' where web pages are structured and tagged in such a way that can be directly read by the computers.
Oct 01, 2017, 14:06 PM IST
Companies may have to furnish Apr-Sept income estimates to I-T dept
The Central Board of Direct Taxes (CBDT) has come out with a draft notification seeking stakeholders' comment on filing of Form 28AA by giving details of income and advance taxes paid.
Sep 19, 2017, 18:38 PM IST
CBDT signs 4 more Advance Pricing Agreements
The APA scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.
Sep 04, 2017, 18:41 PM IST
PAN-Aadhaar linking: More than 9.3 crore out of 30 crore PAN cards linked with Aadhaar so far
While Aadhaar is issued by the Unique Identification Authority of India (UIDAI) to a resident of India, PAN is a 10-digit alphanumeric number alloted by the I-T department to a person, firm or entity.
Aug 13, 2017, 17:01 PM IST
What is the eligibility criteria to apply for Aadhaar – Here's all you should know
Under the section 139AA in Income Tax Act, the Budget presented earlier this year has made it mandatory to quote your Aadhaar number and Aadhaar enrolment ID (if you have applied for Aadhaar and haven't received it yet) while filing ITR or applying for PAN.
Aug 10, 2017, 15:12 PM IST
PAN card to be cancelled if not linked with Aadhaar till August 31
The interlinking of Aadhaar and PAN linking can be done till August 31. The government on Monday announced the extension in deadline.
Jul 31, 2017, 16:21 PM IST
Sacked AAP minister Kapil Mishra to approach CBI, CBDT today to lodge complaint against Arvind Kejriwal
On Sunday, Kapil Mishra accused the AAP of lying to the Election Commission about donations and laundering money through shell companies.
May 16, 2017, 08:42 AM IST
'IT dept sent 266 requests overseas in Panama papers probe'
The Income Tax department has sent over 260 requests overseas seeking information in connection with its tax evasion probe in the Panama papers leak case.
May 03, 2017, 23:20 PM IST
Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
The government has notified Income-Tax Return Forms for the Assessment Year 2017-18 and one of the major reforms made in the notified ITR Forms is the designing of a one page simplified ITR Form-1 (Sahaj).
Apr 25, 2017, 10:19 AM IST
Bank accounts to be blocked if not self-certified by April 30 – Key things you should know
The CBDT has advised all financial institutions that all efforts should be made by them to obtain self-certification.
Apr 12, 2017, 10:31 AM IST
Ban on cash dealings not applicable for bank, post office withdrawals
Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said on Wednesday.
Apr 05, 2017, 20:57 PM IST
E-filing for two ITRs launched by I-T dept
The Income Tax department today launched the e-filing facility for select Income Tax Returns (ITRs) for the assessment year 2017-18.
Apr 01, 2017, 13:42 PM IST
CBDT to hold review meeting on PMGKY, tax collection on Mar 17
The CBDT will hold a high-level meeting later this week to review the progress in collections under the black money window of Pradhan Mantri Garib Kalyan Yojna (PMGKY), that will close on March 31.
Mar 15, 2017, 20:42 PM IST
Fast track prosecution cases against shell companies: CBDT to taxmen
As the noose tightens around shell companies evading taxes, the CBDT Chairman has asked field officers to file prosecution cases against those entities which claimed bogus long-term capital gains.
Mar 12, 2017, 11:36 AM IST
Shell companies under our radar: CBDT chief
The Central Board of Direct Taxes (CBDT) is examining several dubious companies and they would be removed from the website of Ministry of Corporate Affairs (MCA) if found to be shell firms.
Mar 04, 2017, 12:48 PM IST
Demonetisation: I-T dept to strictly take on depositors of unverified cash over Rs 5 lakh
Depositors of cash worth Rs 5 lakh or above, during the demonetisation period, who failed to verify the same will be taken on strictly by the Central Board of Direct Taxes (CBDT)
Feb 22, 2017, 10:15 AM IST
