Income Tax News
CBDT refutes media report on Yeddyurappa diary
25 March 2019 at 11:24A 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
IT dept conduct searches in Kashmir Valley
18 March 2019 at 13:12IT 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
Income tax exemption for gratuity enhanced Up to Rs. 20 lakhs
08 March 2019 at 11:05Ministry 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
CBDT releases SOP: 87,000 cases non-compliant to the notice issued u/s 142(1) relating to demonetization
08 March 2019 at 16:44CBDT 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
Guidelines for filling Online Udyog Aadhaar Form
04 March 2019 at 11:26Note: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
Income tax dept Don'ts for Cash Transaction
01 March 2019 at 11:40Clean Transactions, Cleaner Economy
No refund if PAN not linked with Bank account
28 February 2019 at 12:01Link 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
Income Tax Department hits at terror financing activities in J&K Region
28 February 2019 at 12:01The 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
Aadhaar linking with PAN is compulsory now
15 February 2019 at 12:00Aadhaar-PAN linking is mandatory now which has to be completed till 31.3.2019 by the PAN holders requiring filing of Income Tax Return.Constitutional validity of Aadhaar has been upheld by the Hon'ble Supreme Court of India in September 2018. Con
CBDT denies recovery of dues on account of Angel tax
14 February 2019 at 15:03Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 8th February, 2019Note on Recovery of Tax in the case of Travel KhanaIt has come to the notice of CBDT, through some media reports that Rs. 36 lakh ha
Popular News
- Tax Audit Extension Demand to 31st Oct 2026 Amid GST Relief and Court Rulings
- Central Excise Duty Revised to Rs 2.5 and Rs 8.5 Per Litre from 16th October 2026
- ICAI Issues New Tender Guidelines for Practising CAs, Bars Bids Without Minimum Fees
- CBDT Revises Form 161 for Penalty Waiver Applications Under Income Tax Act 2025
- TDS Challan for FY 2025-26 Valid for TY 2026-27 Under Cross-Year Utilisation Rules
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
