Income Tax News

Direct Tax Collections for F.Y. 2017-2018 show Growth of 18.2% up to Dec 2017

09 January 2018 at 18:54

The provisional figures of Direct Tax collections up to December, 2017 show that net collections are at Rs. 6.56 lakh crore which is 18.2% higher than the net collections for the corresponding period of last year. The net Direct Tax collections repre

Posted in Income Tax | 2817 Views

Income Tax e-Filing Helpline Numbers

02 January 2018 at 11:10

Helpdesk Contact Details Purpose Helpdesk Helpdesk Number Working Hours General Queries related to Income Tax Aaykar Sampark Kendra (ASK) 1800 180 1961 (or) 1961 08:00 hrs - 20:00 hrs

Posted in Income Tax | 4959 Views

Increase in number of tax payers post demonetization

23 December 2017 at 11:05

During the period from November 2016 to March 2017, the Income-tax Department (ITD) conducted searches on around 900 groups, wherein undisclosed income of over Rs. 7,900 crores was admitted. During the same period, more than 8200 surveys were conduct

Posted in Income Tax | 3201 Views

CAG report on Direct taxes

22 December 2017 at 12:01

HighlightsThe Comptroller and Auditor General of India conducts the audit of receipts of the Union Government under section 16 of the Comptroller Auditor General of India (Duties, Powers and Conditions of Service) Act, 1971. This Report primarily dis

Posted in Income Tax | 4914 Views

Release of Income Tax Return Statistics for AY 2015-16 by CBDT

21 December 2017 at 10:54

In continuation of its efforts to place more and more information in public domain, the Central Board of Direct Taxes(CBDT) has released data relating to distribution of income and tax payable in respect of returns filed for the Assessment Year 2015-

Posted in Income Tax | 3402 Views

Measures taken by Government to Control and curb Parallel Economy

20 December 2017 at 12:46

Measures taken by Government to Control and Curb Parallel Economy and Unaccounted Transactions The Government has taken several measures to effectively control and curb the prevalence of parallel economy and unaccounted transactions. Major steps in t

Posted in Income Tax | 3564 Views

Bank suggest to raise TDS limit on interest from Rs 10000

18 December 2017 at 10:56

The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley holds his 7th Pre-Budget Consultation Meeting with the representatives of the Banks and Financial Institutions (FIs) in national capital today; FM: In order to strengthen the bank

Posted in Income Tax | 4203 Views

Extension of deadline to 31st March for Aadhaar Submission to banks

14 December 2017 at 11:00

Extension of deadline till 31.3.18 for submission of Aadhaar number, and Permanent Account Number or Form 60 by client to the reporting entityAfter considering various representations received and inputs received from Banks, it has been decided to no

Posted in Income Tax | 2547 Views