Tue, Jun 29, 2021
The PAN Aadhaar linking deadline has been extended from June 30, 2021, till September 30, 2021. Now, the PAN holders must be acquainted with what to do in case there has been a mistake on the PAN card or if there is any change in the details on the PAN that have been provided at the time of obtaining the PAN card.
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Tue, Jun 22, 2021
According to the official website of Income Tax department, incometaxindia.gov.in, from assessment year 2019-20, a very senior citizen filing his return of income in Form ITR 1/4 can file his return of income in paper mode.
Wed, Dec 14, 2016
In a statement on Wednesday, Ministry of Finance said that a 'Revised Return' can only be filed if any person, who has filed a return under section 139(1) of the Act or in response to notice u/s 142(1), discovers any omission or any wrong statement therein.
Tue, Dec 13, 2016
RBI, "The banks are advised to preserve CCTV recordings of operations at bank branches and currency chests for the period from November 08 to December 30, 2016, until further instructions, to facilitate coordinated and effective action by the enforcement agencies in dealing with matters relating to illegal accumulation of new currency notes."
A PTI report revealed that one of the senior offical named K Micheal of the Reserve Bank of India was also involved in the seizure of Rs 5.70 crore in new currency.
"We received a tip off that huge amount of black money was hidden in Bedi`s house. We raided his house at Beltola area," he said adding that they seized Rs 1,54,61,000.
Fri, Dec 09, 2016
It has warned of high penalties if people are found depositing larger amounts without informing the IT department.
"127 kg gold in 1 kg bars and 96 crore in old currency and Rs 10 crore in Rs 2,000 notes has been seized by the sleuths after the operation," top I-T department officials said.
Tue, Nov 15, 2016
Finance Minister Arun Jaitley believes that tax collection will increase. He said, "In the medium and long term, direct and indirect tax collection will increase. Lot of currency outside the banking system perforce will have to get into the system."
Tue, Jul 19, 2016
The Income Tax (IT) Department conducted searches in 990 groups of assessees during last 2 years.
Wed, Jul 13, 2016
Following the raid, shares of Indiabulls Housing Finance slumped by nearly 38 points or 5.09% at Rs. 705.50.
Sat, Jun 25, 2016
Watch this special segment and get to know about the govt's gripe on tax defaulters.
Watch this special segment and get to know about the govt's gripe on tax defaulters. Zee Business is one of the leading and fastest growing Hindi business news channels in India.
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