Tag: Income Tax
17 Results
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Income tax compliance deadlines extended amid new coronavirus wave
The Central Board of Direct Taxes (CBDT) said it had received representations from various stakeholders for relaxation on compliance requirements.
May 1, 2021 -
Govt squashes demand for further extension of filing IT return
It will also hamper the government's efforts to provide relief to the poor during Covid times, the office order said.
January 12, 2021 -
Have you filed your income tax return yet? Last date is December 31
The CBDT said the deadlines have been extended in order to "provide more time to taxpayers for furnishing”.
November 30, 2020 -
Income Tax Department raids multiple locations, unearths unaccounted stock worth crores
Around 814 kg of excess stock valued at around Rs 400 crore was identified and would be brought to tax.
November 12, 2020 -
‘Fake news’: Donald Trump on report that he paid $750 in income taxes in 2016
It added that he also paid only $750 in his first year in the White House, and he had paid no income taxes at all in 10 of the previous 15 years because he reported losing much more money than he made.
September 28, 2020 -
Income Tax department issued over Rs 1.06 lakh crore refund between April 1-Sep 15
This includes personal income tax (PIT) refunds amounting to Rs 31,741 crore.
September 17, 2020 -
Madras HC issues notice to AR Rahman over tax evasion case
The I-T department filed a case saying the foundation did not have a Foreign Contribution Regulation Act (FCRA) license at that time to receive payment from a foreign organisation.
September 12, 2020 -
I-T authorities can share info with scheduled commercial banks: CBDT
Section 138 of the Income Tax Act empowers income tax authorities to share information/ details of its taxpayers with other agencies.
September 1, 2020 -
Income Tax refunds worth Rs 88,652 cr issued to 24.64 lakh taxpayers so far this fiscal
CBDT is the apex decision-making body in direct tax matters, administers personal income tax and corporate tax.
August 21, 2020 -
CBDT meets officials to dispel doubts on faceless tax collection
Finance Ministry sources said that the demand management strategy to be adopted by the Income Tax Department was also discussed in the meeting.
August 19, 2020 -
Amid Rajasthan crisis, ED, IT raids on people close to Gehlot
According to IT department officials, searches were underway in offices of veteran state Congress leaders, including Rajeev Arora and Dharmendra Rathod, considered close to the Chief Minister.
July 13, 2020 -
Income Tax dept sends e-mails to 1.72 lakh assessees over outstanding tax demand and refunds
Central Board of Direct Taxes (CBDT) has been fast-tracking refund payments to help taxpayers in the COVID-19 pandemic situation and has till date issued nearly 14 lakh refunds.
April 21, 2020 -
Government extends Income Tax Returns for FY 2018-19, Aadhar Card linking till June 30
The minister made the announcement while addressing a news conference via video conferencing.
March 24, 2020 -
Lost your PAN card? Re-order a new copy for Rs 50
There are two agencies that issue the PAN cards–UTIITSL and NSDL-TIN. An individual can approach his agency and get a reprint of your ID.
October 12, 2019 -
Rs 4.52 crores recovered in I-T raids on ex-Karnataka deputy CM G Parameshwara
The department took the action as part of its probe to check alleged irregularities in the conduct of NEET exams in two medical colleges run by a trust in Tumakuru city in Karnataka.
October 11, 2019 -
India gets first tranche of citizens’ Swiss Bank info under AEOI agreement with Switzerland
The automatic exchange of information with India is being implemented based on the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (MCAA).
October 8, 2019 -
Uttar Pradesh exchequer pays CM’s income tax, parties in shock
The law, Uttar Pradesh Ministers' Salaries, Allowances and Miscellaneous Act, 1981, was enacted when Vishwanath Pratap Singh was the state's Chief Minister.
September 13, 2019