Wed, Nov 13, 2024
There has been a significant increase in income tax compliance in the country with more than five-fold growth in the Rs 50 lakh-plus income category, according to sources.
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Tue, Oct 29, 2024
The income tax department has notified the tolerance range for variation between arm's length price and transfer pricing for international and specified domestic transactions for Assessment Year 2024-25.
Wed, Oct 16, 2024
It would also include cases pending before the Dispute Resolution Panel (DRP) and revision petitions pending before the Commissioner of Income Tax.
Fri, May 29, 2020
With this, Form 26AS has now been revamped to an 'Annual Information Statement' which apart from the TDS/ TCS details, shall now contain comprehensive information relating specified financial transactions, payment of taxes, demand/ refund and pending/completed proceedings undertaken by a taxpayer in a particular financial year that has to be mentioned in the income tax returns.
Fri, May 15, 2020
Individuals who have come to India on a visit before 22 March 2020 and have been unable to leave India on or before 31 March 2020, should know this important information. The Central Board of Direct Taxes (CBDT) has issued a clarification on the residency status of people with regards to their stay in India
Thu, May 07, 2020
PAN Aadhaar link status check through SMS is possible. One can find details at official website of Income Tax Department — incometaxindiaefiling.gov.in.
Thu, Apr 09, 2020
Aadhaar PAN Link: In case you are among those who did their linking ahead of deadline, and want to know the status, then you need to do this - check PAN Aadhaar link status.
Income Tax Refund: In the wake of Coronavirus lockdown, Narendra Modi has decided to issue all pending income-tax refunds upto Rs 5 lakh & GST/Custom refunds with immediate effect.
PAN Aadhaar Link: The deadline for Aadhaar PAN link is 30th June 2020 failing to which one's PAN card would become inoperative.
Sat, Apr 04, 2020
In a bid to provide relief to the earning individual who had no tax liability but facing TDS deduction by banks and other institutions, Income Tax Department has increased the deadline for Form 15G and Form 15H submission date till 30th June 2020.
Tue, Mar 31, 2020
The Finance Ministry on Tuesday extended the validity of all lower withholding tax orders by three months till June 30 in view of hardships caused due to COVID-19 pandemic.
Aadhaar card holders, who don't have PAN card, the Income Tax Department has made some provision that will help you get their PAN card online in just 10 minutes.
Thu, Mar 19, 2020
PAN Aadhaar Link: The Income Tax Department has said that it is mandatory to link your PAN and Aadhaar cards before 31st March, 2020.
Tue, Mar 17, 2020
Aadhaar PAN Link: If you don't do PAN Aadhaar link by 31st March 2020, it will become inoperative from the next financial year.
Sat, Mar 07, 2020
PAN Card Link In Aadhaar: Income Tax Department has launched a new facility that allows Aadhaar Card holder to get instant PAN Card without any charges.
Sat, Feb 15, 2020
PAN Aadhaar Link: According to the Income Tax Department's Aadhaar-PAN link deadline is 31st March 2020.
Wed, Feb 12, 2020
The two organisations are expected to ink a Memorandum of Understanding (MoU) soon in order to implement the decision and chalk out modalities of exchange of data, maintenance of confidentiality, mechanism for safe preservation of data and weeding out after usage.
Mon, Jan 27, 2020
Income tax dept in preparation for big action over tax evasion, 5000 companies on radar
Wed, Nov 27, 2019
The axe has fallen on Group B officers of the rank of income tax officer (ITO) under Clause (j) of Rule 56 of the Fundamental Rules.
Wed, Nov 20, 2019
ITR 2020: Income Tax Return or ITR filing for the year 2020 is just four months away and people have started to find their investment options to save their income tax liability.
Tue, Nov 12, 2019
The search operations resulted in busting of a major racket of cash generation by leading corporate houses in the infrastructure sector through bogus contracts bills.
Sun, Oct 13, 2019
19% increment in the 'Crorepati' taxpayers, IT issues the first list after demonetisation. Watch this video to know more in detail.
Mon, Oct 07, 2019
Revenue Secretary A.B. Pandey inaugurated the National e-Assessment Centre (NeAC), saying the move was aimed at moving to faceless scrutiny and elimination of human interface.
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