Income Tax News
Direct and Indirect tax collected in last 4 years
17 December 2018 at 11:33The details of total Direct Tax and Indirect Tax collected over the last three years along with the different component-wise are as under:Direct Tax (Rs. in crore) Financial Year Corporation T
E-return filing doubled in last 4 years
17 December 2018 at 11:33There has been a growth in the number of e-Returns filed by the individual taxpayers during the last four years.The number of income-tax returns filed and the annual growth rate during the last four financial years are as under: Financial
Direct tax collection grows to 6.75 lac crore upto Nov 18
10 December 2018 at 17:34Direct Tax Collections for F.Y. 2018-19 up to November, 2018Gross collections at Rs. 6.75 lakh crore which is 15.7% higher than the gross collections for the corresponding period of last yearThe Provisional Figures of Direct Tax Collections up to Nov
Task Force for drafting a New Direct Tax Legislation
26 November 2018 at 18:09In order to review the Income-tax Act, 1961 and to draft a new direct tax law in consonance with the economic needs of the country, a Task Force was constituted by the Government of India in November, 2017.In partial modification of the earlier order
Protocol amending India-China DTAA
26 November 2018 at 18:09The Government of the Republic of India and the Government of the People’s Republic of China have amended the Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and for the prevention of fiscal evasion with respect
Father's name non-mandatory in PAN application form now
21 November 2018 at 11:27MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 19th November, 2018G.S.R. 1128(E). In exercise of the powers conferred by section 139A read with section 295 of the Income-tax Act, 1961 (43 of 1961),
FM Jaitely defends Demonetisation says key step in formalising the economy
09 November 2018 at 11:29Following is the Text of the Article written by the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley on completion of two years of Demonetisation entitled � Impact of Demonetisation�:�Today we complete two years af
Draft Notification proposing Amendment of Rules 2C, 2CA,10G and others
29 October 2018 at 17:56Draft Notification proposing Amendment of Rules 2C, 2CA and 11AA and for Nos. 10G, 56 and 56G of the Income-tax Rules, 1962 placed in public domain for inputs from stakeholders and general publicCurrently, for grant of approval under sub-clauses (iv)
No further extension of ITR and Tax audit dates says CBDT
26 October 2018 at 11:34CBDT confirmed that there will be no further extension of ITR and TAR due dates. Rejected Tax bar association Guwahati request. Issues below notification.
Cabinet approves appointment of Appellate Tribunal for Benami Property Transaction
25 October 2018 at 11:02Cabinet approves appointment of Adjudicating Authority and establishment of Appellate Tribunal under Prohibition of Benami Property Transactions Act, 1988The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the appointment of A
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