Income Tax News

CBDT releases data relating to ITR for 2013-14 and 2014-15

27 October 2016 at 10:54

CBDT releases data relating to Income Tax Return Statistics for Assessment Years (AY) 2013-14 & 2014-15Central Board of Direct Taxes (CBDT) had proactively released in April, 2016 time-series data relating to direct tax collections, number of tax

Posted in Income Tax | 4680 Views

CBDT issues second round of certificates to Taxpayers

26 October 2016 at 10:58

CBDT issues second round of Certificates of Appreciation to another 10.15 lakh tax payers for their contribution towards Nation building The Union Finance Minister Shri Arun Jaitley, had personally handed-over the Certificates of Appreciation to a fe

Posted in Income Tax | 4080 Views

SMS service launched for salaried persons about their TDS deductions

25 October 2016 at 11:07

FM: Better tax payer services key to direct tax reforms; Launches SMS Alert Service for about 2.5 crore private and Government salaried employees in order to directly inform them about the deposit of tax deducted at the end of every quarter. The Uni

Posted in Income Tax | 2 comments | 10131 Views

Due date for filing IT return extended in Jammu & Kashmir

19 October 2016 at 11:05

F. No. 225/195/2016/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, 18th October, 2016 Order under Section 119 of the Income-tax Act, 1961 In order to mitigate

Posted in Income Tax | 4113 Views

Indirect tax collection shows a jump of 25.9%

12 October 2016 at 17:18

Indirect Tax Collections up to September, 2016 show an increase of 25.9% over the net Indirect Tax collections for the corresponding period last year(2015-16); Net revenue collections up to September, 2016 stood at Rs 4.08 lakh crore which is 52.5% o

Posted in Income Tax | 4 comments | 2598 Views

Sushil Chandra to be New CBDT Chief wef 1st Nov 16

06 October 2016 at 11:17

The Appointments Committee of the Cabinet has approved the appointment of Shri Sushil Chandra, IRS (IT: 1980), Member, Central Board of Direct Taxes (CBDT) as Chairperson CBDT vice Ms.Rani Singh Nair, IRS (IT:1979) who is superannuating on 31.10.2016

Posted in Income Tax | 3090 Views

CBI arrests an income tax officer and inspector of income tax in a bribery case

05 October 2016 at 15:20

The Central Bureau of Investigation has arrested an Income Tax Officer for accepting a bribe of Rs.Three Lakh and an Inspector of Income Tax for accepting a bribe of Rs.5000/- from the Complainant.A case was registered U/s 7 of the PC Act, 1988 aga

Posted in Income Tax | 6 comments | 6864 Views

CBDT confirms strict confidentiality under IDS scheme

04 October 2016 at 12:59

CBDT committed to Strict Confidentiality under Income Declaration Scheme: 2016 While announcing the results of the Income Declaration Scheme 2016 on 1st October, 2016 at a press conference in Delhi, the Honourable Finance Minister Shri Arun Jaitley s

Posted in Income Tax | 2730 Views

IDS 2016 scheme unearths Rs 65250 crore black

03 October 2016 at 11:00

Income Declaration Scheme 2016 unearths Rs.65250 crore of hitherto Undeclared Income and Assets; 64275 declarations filed under IDS-2016 up to the midnight of 30th September, 2016 The Income Declaration Scheme, 2016 came into effect from 1st June, 2

Posted in Income Tax | 1 comments | 3858 Views

IDS declaration counter to remain open till midnight on 30th September

28 September 2016 at 10:47

In order to facilitate the declarants, counters for receiving declarations under the Income Declaration Scheme - 2016 to remain functional till 12:00 midnight on 30th September, 2016. In order to facilitate the declarants who would like to file the d

Posted in Income Tax | 2889 Views