Displaying 1 - 10 of 1273 in 128 pages

Direct Tax Collections grows 19.1 percent upto July 2017

  On 10 August 2017 at 11:10

The Direct Tax collections up to July, 2017 in the Current Financial Year 2017-18 continue to register steady growth. Direct Tax collection during the said period, net of refunds, stands at Rs. 1.90 lakh crore which is 19.1% higher than the net colle ...

  0 comments |   429 hits

25 percent growth in number of Income Tax Returns filed

  On 08 August 2017 at 11:37

25% growth in number of Income Tax Returns filed in current fiscal Advance Tax (Personal Income Tax) collections up by 41% As a result of demonetization and Operation Clean Money, there is a substantial increase in the number of Income Tax Returns(IT ...

  0 comments |   509 hits

Income tax offices to remain open till midnight today

  On 05 August 2017 at 11:08

In view of the difficulties faced by taxpayers, the due date for filing of Income Tax Returns for F.Y. 2016-2017 i.e. Assessment Year A.Y. 2017-2018 was extended to 5th August, 2017(for certain categories of taxpayers).In order to facilitate manual f ...

  0 comments |   922 hits

Mandating Aadhaar linkage to PAN cards

  On 02 August 2017 at 11:13

Permanent Account Number (PAN) is the key identifier of taxable entity and aggregator of all financial transactions undertaken by one person. One PAN for one person is the guiding principle for allotment of PAN. However, for achieving the objective o ...

3  comments |   1244 hits

Date for ITR filing extended to 5th August 2017

  On 31 July 2017 at 16:05

In view of the difficulties faced by taxpayers, date for filing of Income Tax Returns for FY 2016-17 has been extended to 5th August, 2017 ...

17  comments |   16140 hits

Benami Transactions Across the Country

  On 27 July 2017 at 11:06

The Government of India has taken several steps to address the problem of benami transactions across the country. (i) The Benami Transactions (Prohibition) Act, 1988 (the Act) was comprehensively amended through the Benami Transactions (Prohibition) ...

  0 comments |   1266 hits

NRI to submit foreign bank details only in refund cases

  On 25 July 2017 at 11:19

Optional reporting of details of one foreign bank account by the non-residents in refund cases Refund generated on processing of return of income is currently, credited directly to the bank accounts of the tax-payers. Availability of the detail of b ...

  0 comments |   308 hits

IT dept celebrates Aaykar Diwas 2017

  On 25 July 2017 at 11:19

Income Tax Department celebrates Aaykar Diwas 2017; FM calls for expansion of the tax base in a non-intrusive manner and prompt redressal of the grievances of the tax payers. The Union Finance Minister Shri Arun Jaitley highlights the initiatives un ...

  0 comments |   201 hits

Undisclosed income of Rs 5400 crore detected during Demonitization

  On 22 July 2017 at 12:19

Demonitization: From 9th November 2016 to 10th January 2017, more than 1100 searches and surveys were conducted by the ITD; more than more than 5100 verification notices issued; The undisclosed income detected in these actions was more than Rs. 5400 ...

  0 comments |   472 hits

GST not to be added for TDS computation : CBDT

  On 20 July 2017 at 11:28

F. No. 275/59/2012-IT (B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New DelhiCircular No. 23/2017Dated: 19th July, 2017 Subject: Modification of Circular No.1 of 2014 in view of substitution o ...

  0 comments |   1931 hits

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