Taxpayers News

Taxpayers wrongly charged with late fee u/s 234F inspite of extension announcement

02 January 2021 at 12:35

It has been communicated by various taxpayers and professionals that the Income Tax Portal is charging a late fee u/s 234F in spite of the extension announcement dated 31st December 2020.

Posted in Taxpayers | 1 comments | 1116 Views

Central Government notfies the dealers in precious metals, precious stones as "persons carrying on designated businesses or professions"

29 December 2020 at 11:02

The Central Government has notified that the dealers in precious metals and precious stones will be referred to as "persons carrying on designated businesses or professions".

Posted in Taxpayers | 1656 Views

1.4 lakh crore taxpayers declare income above 1 crore

23 October 2018 at 15:35

CBDT releases Direct Tax Statistics Constant growth in direct tax-GDP ratio over last three yearsGrowth of more than 80% in the number of returns filed in the last four financial yearsNumber of persons filing return of income has also increased by ab

Posted in Taxpayers | 2 comments | 2097 Views

Tax structure needs to be simplified

23 July 2014 at 11:10

Tax Structure Needs to be Simplified to Help the Taxpayers Becoming Tax Compliant Rather than Tax Evaders: Ms Nirmala Sitharaman, Minister of State for Finance Ms. Nirmala Sitharaman, Minister of State for Finance said that tax structure needs to be

Posted in Taxpayers | 1 comments | 16533 Views

View your arrear demand

13 September 2012 at 12:12

As a Taxpayer friendly initiative, a facility to view details of Arrear Demand of taxpayers as communicated by their Jurisdictional Assessing Officers (A.O.) to the Central Processing Centre (CPC) is now enabled on the e-filing website i.e.https:/

Posted in Taxpayers | 5 comments | 21324 Views

Taxpayer's Lounge - the stall set up by Income Tax Department at India International Trade Fair 2011

30 November 2011 at 10:12

Taxpayer's Lounge – the stall set up by Income Tax Department at India International Trade Fair 2011 – receives the First Prize in the category Government Departments

Posted in Taxpayers | 12651 Views

Discretion to customers for selection between RTGS and NEFT

13 August 2011 at 12:06

RBI/2011-12/152 DPSS (CO) EPPD No./274/04.03.01/2011-12 August 12, 2011 The Chairman and Managing Director / Chief Executive Officer of member banks participating in RTGS / NEFT Madam / Dear Sir, Discretion to customers for selection be

Posted in Taxpayers | 10 comments | 29784 Views

IT Initiatives: New Simplified form 'Sugam' to be introduced for small tax Payers - Steps initiated to Reduce tax Related Litigation

28 February 2011 at 14:34

IT Initiatives: New Simplified form ‘Sugam’ to be introduced for small tax Payers - Steps initiated to Reduce tax Related Litigation The Union Budget 2011-12 has laid a special emphasis on reducing the compliance burden of small tax pa

Posted in Taxpayers | 2 comments | 21174 Views

Data of PAN to be verified

21 July 2009 at 12:18

Identity and address of a certain percetange of PAN applications will beverified by visiting the PAN applicants. Hence, an authorized third party agency may visit the PAN applicant to verify the identity and address provided in the PAN application -

Posted in Taxpayers | 21 comments | 50283 Views

Tax on fees for technical services in secondments an enigma

28 April 2009 at 13:47

Authorities have looked at different aspects to decide on the taxability of remittance made Author : Sandeep Ladda & Kapil Sirsalewal/DNAThe opening of the Indian economy has witnessed an exponential growth in investment by foreign companie

Posted in Taxpayers | 1 comments | 31227 Views