Tag: taxman
4 Results
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Step up TDS survey ops to boost collections: CBDT to taxman
With the current financial year inching towards closure, CBDT has directed the taxman to step up survey operations to check non-deduction of TDS by firms and employers, especially in cases where such payments have dropped by more than 15 per cent as compared to last time. The Central Board of Direct Taxes (CBDT) recently reviewed …
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February 10, 2017 -
Step up TDS survey ops to boost collections: CBDT to taxman
With the current financial year inching towards closure, CBDT has directed the taxman to step up survey operations to check non-deduction of TDS by firms and employers, especially in cases where such payments have dropped by more than 15 per cent as compared to last time. The Central Board of Direct Taxes (CBDT) recently reviewed …
Continue reading "Step up TDS survey ops to boost collections: CBDT to taxman"
February 10, 2017 -
Taxman not to ask questions on deposits up to Rs.2.5 lakh: CBDT
Providing clarity on scrutiny of deposits made in banks post demonetisation, I-T department on Monday said no questions will be asked about deposits of up to Rs.2.5 lakh and only those accounts will be probed that do not match the tax returns. Using Big Data analytics, the Income Tax Department has segregated different kinds of …
Continue reading "Taxman not to ask questions on deposits up to Rs.2.5 lakh: CBDT"
February 6, 2017 -
Taxmen crack down on huge cash depositors
Acting swiftly, the Income Tax department has issued hundreds of notices seeking “source” of funds from individuals and firms who have deposited huge amounts of cash in banks using the scrapped Rs.500 and Rs.1,000 currency notes after November 8. Officials said the taxman has begun a countrywide enquiry in this regard and has issued notices …
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November 19, 2016