Income Tax News

Startups can now view their application to DPIIT in e-filing

27 March 2019 at 23:51

Facility to view Form 2 Declaration filed with DPIIT ( Department for Promotion of Industry and Internal Trade) by a startup is now available in e-Filing. Go to My Account -> 'View Startup Form 2 Declaration'.

Posted in Income Tax | 2880 Views

Banks to remain open on Sunday 31st March

27 March 2019 at 12:46

According to a recent notification released by RBI, it says that the Government of India has advised all Pay and Account offices to remain open on 31st March 2019 to facilitate

Posted in Income Tax | 6759 Views

CBDT refutes media report on Yeddyurappa diary

25 March 2019 at 11:24

A search action under Section 132 of the Income-tax Act, 1961 was carried-out on Sh. D.K Shivakumar and Group of Cases on 2nd August, 2017 by the Income Tax Investigation Directorate of Karnataka & Goa. A large evidence of incriminating material

Posted in Income Tax | 6609 Views

IT dept conduct searches in Kashmir Valley

18 March 2019 at 13:12

IT Department has seized Rs. 1.44 crores cash & more during the search operation in Kashmir ValleyIncome Tax Dept has conducted searches at 5 locations in J&K region on 14th March 2019. The actions were a part of Department's continued dr

Posted in Income Tax | 9 comments | 7884 Views

CBDT releases SOP: 87,000 cases non-compliant to the notice issued u/s 142(1) relating to demonetization

08 March 2019 at 16:44

CBDT had issued notice u/s 142(1) to taxpayers for filing returns post-demonetization to verify cash transactions. Out of the 300,000 cases who have issued the notification, 87,000 have not complied with the notice issued u/s 142(1). CBDT has now iss

Posted in Income Tax | 4626 Views

Income tax exemption for gratuity enhanced Up to Rs. 20 lakhs

08 March 2019 at 11:05

Ministry of Finance has enhanced the income tax exemption for gratuity under section 10 (10) (iii) of the Income Tax Act, 1961 to Rs. 20 lakhs. Shri Santosh Kumar Gangwar, Minister of State for Labour and Employment has expressed hope that this woul

Posted in Income Tax | 5 comments | 8178 Views

Guidelines for filling Online Udyog Aadhaar Form

04 March 2019 at 11:26

Note:A. EM-I has been abolished. Need not file through Udyog Aadhaar. B. Udyog Aadhaar (UA) is for running units. No need to apply for upcoming units. C. New Feature Added for Search Facility of NIC Code to Avoid 3 Step Selection of NIC Activities. D

Posted in Income Tax | 1 comments | 6432 Views

Income tax dept Don'ts for Cash Transaction

01 March 2019 at 11:40

Clean Transactions, Cleaner Economy

Posted in Income Tax | 2 comments | 7437 Views

No refund if PAN not linked with Bank account

28 February 2019 at 12:01

Link your PAN with your Bank Account�Get your refund directly, swiftly and securely in your bank accountIncome Tax Department will Issue only e-refunds from 01.03.2019 Refunds will be given only to bank accounts (savings/current/cash/OD) which

Posted in Income Tax | 1 comments | 3675 Views

Income Tax Department hits at terror financing activities in J&K Region

28 February 2019 at 12:01

The head of a prominent organisation allegedly indulging in anti-national activities alongwith his associates were covered in a sensitive search action by the Income Tax Department today. Search action has been conducted at 4 premises in the Valley a

Posted in Income Tax | 1959 Views