Income Tax News

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

ICAI Pre-budget Memoranda 2018

12 December 2017 at 11:14

Direct Taxes and International Tax Indirect Taxes

Posted in Income Tax | 3741 Views

DRI recovers Rs 50 cr of demonetised currency

11 December 2017 at 11:08

DRI Strikes Against Black Money - Recovers about Rs.50 Crores of Demonetized Currency

Posted in Income Tax | 1980 Views

Direct tax collection grows by 14.4% upto November

11 December 2017 at 11:07

Direct Tax Collections for Financial Year 2017-18 show Growth of 14.4% upto November, 2017 The provisional figures of Direct Tax collections up to November, 2017 show that net collections are at Rs. 4.8 lakh crore which is 14.4% higher than the net c

Posted in Income Tax | 1650 Views

Linking Aadhaar to PAN deadline extended to 31st March 2018

09 December 2017 at 12:21

CBDT extends date till 31.3.18 for linking of Aadhaar with PAN Under the provisions of recently introduced section 139AA of the Income-tax Act, 1961 (the Act), with effect from 01.07.2017, all taxpayers having Aadhaar Number or Enrolment Number are r

Posted in Income Tax | 2322 Views

Income Tax Department suspends an officer for harassing the taxpayer

09 December 2017 at 12:21

A complaint was received making serious allegations against Shri D. K. Meena, Deputy Commissioner of Income Tax, posted at Surendranagar in Gujarat Region for harassing a taxpayer in a scrutiny case with malafide intention. The officer was alleged to

Posted in Income Tax | 3552 Views

CBDT releases Citizen charter for review

24 November 2017 at 11:14

PROCEDURE FOR GRIEVANCES REDRESSAL(CLAUSE 7.3)A. For Buildings Where ASK is not functionalGrievance redressal mechanism : The grievances of assessees can arise due to a number of reasons - delay in transfer of files, harassment during a search, a sur

Posted in Income Tax | 4452 Views

Task Force constituted for drafting New Direct Tax legislation

23 November 2017 at 17:18

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesConstitution of Task Force for drafting a New Direct Tax Legislation During Rajaswa Gyan Sangam held on 1st and 2nd September, 2017, Hon�ble Prime Minister

Posted in Income Tax | 4 comments | 2760 Views

Aadhaar data was never breached says UIDAI

21 November 2017 at 10:25

The Unique Identification Authority of India (UIDAI) responding to a news report, appeared in certain section of media on "210 Government sites made Aadhaar info public" as if Aadhaar data is leaked or breached, has said that such report

Posted in Income Tax | 3168 Views

Direct tax collection shows growth of 15.2%, 89507 crore refund issued so far

07 November 2017 at 17:16

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 7th November, 2017. Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.2% up to October, 2017The provisional figures of Direct Tax collections

Posted in Income Tax | 2622 Views