Income Tax News

Government suspends payment of fees on all toll plazas on National Highways

10 November 2016 at 12:05

Government suspends payment of fees on all toll plazas on National Highways till midnight of 11.11.2016 The government has decided to suspend payment of fees at toll plazas on all National Highways till the midnight of 11.11.2016. Instructions in thi

Posted in Income Tax | 3516 Views

Direct and indirect tax collection show a jump of 10.6 and 26.7 percent

10 November 2016 at 10:41

Direct Tax Collections up to October, 2016 show an increase of 10.6%; Net Direct Collections stood at Rs.3.77 lakh crore;44.5% of the Budget Estimates of direct taxes for FY 2016-17 has been achieved. The figures for Direct Tax Collections up to Octo

Posted in Income Tax | 1 comments | 2499 Views

Sushil Chandra takes overs as new chairman of CBDT

02 November 2016 at 10:36

Shri Sushil Chandra, IRS (1980 Batch), today took over as the Chairman, Central Board of Direct Taxes (CBDT).He succeeds Ms Rani A Nair who superannuated yesterday. Shri Chandra has been Member (Investigation) in CBDT since December, 2015. During his

Posted in Income Tax | 3276 Views

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 | 4677 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 | 4077 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 | 10128 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 | 4110 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 | 2595 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 | 3087 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 | 6852 Views