Income Tax News

Major Steps taken for Reducing Tax Litigations

12 July 2018 at 15:04

In order to reduce the long pending grievances of taxpayers and to minimise litigations pertaining to tax matters and to facilitate the Ease of Doing Business, Government of India has decided to increase the threshold monetary limits for filing Depar

Posted in Income Tax | 4032 Views

Key feature for new TDS return preparation utility

11 July 2018 at 13:34

e-TDS/TCS Return Preparation Utility Ver. 2.3 for Regular & Correction Statement(s) from FY 2007-08 onwards.Features of RPU 2.3NSDL e-Gov RPU_e-Tutorial (Version 1.7)e-TDS/TCS Regular & Correction Statement(s) for FY 2007-08 and onwards (i.e.

Posted in Income Tax | 1 comments | 12639 Views

DSC based online application for new PAN

06 July 2018 at 11:59

(a) An applicant will fill Form 49A online and submit the form. (b) If there are any errors, rectify them and re-submit the form. (c) A confirmation screen with all the data filled by the applicant will be displayed. (d)

Posted in Income Tax | 1 comments | 11556 Views

Empower CMA to do valuation and certification under income tax rules

05 July 2018 at 11:20

Ref: ICAI/TRD/JUNE2018 Dated: 28.06.2018To,Shri Pravin Rawal,Director (Tax Policy and Legislation)North Block,New Delhi 110001.Dear Sir,Re: Empowering the members of the Institute of Cost Accountants of India (ICAI) for Valuation and certification th

Posted in Income Tax | 8472 Views

Aadhar Pan Linking Extended till 31st March 2019

02 July 2018 at 11:37

F. No.225/270/2017/ITA.IIGovernment of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA. II Division New Delhi, dated the 30th of June, 2018 Order under Section 119 of the Income-tax Act, 1961 Vide its or

Posted in Income Tax | 6036 Views

Instant e-PAN allotment near to real time

30 June 2018 at 13:11

Instant e-PAN allotment (Beta version) in near to real time is available free of cost for limited period. Individuals (other than minors) with a valid Aadhaar number (with updated Mobile number) can avail the e-PAN allotment facility. Click here to k

Posted in Income Tax | 1 comments | 11208 Views

Investigation in fresh series of Panama papers cases

22 June 2018 at 11:16

Prompt investigation in fresh series of cases pertaining to ‘Panama Papers’The fresh release made in the media today under ‘Panama Paper Leaks’ is being promptly looked into by the law enforcement agencies under the aegis of t

Posted in Income Tax | 5985 Views

IT dept warns against fraud online PAN application entity

19 June 2018 at 11:11

The general public is hereby informed that the Income Tax Department (ITD), Government of India has appointed only two entities namely NSDL e-Governance Infrastructure Limited (NSDL e- Gov) and UTI Infrastructure Technologies Services Limited for pur

Posted in Income Tax | 2 comments | 10488 Views

Cost inflation index notified as 280 for 2018-19

18 June 2018 at 10:50

MINISTRY OF FINANCE(Department of Revenue)(Central Board of Direct Taxes)NOTIFICATIONNew Delhi, the 13th June, 2018INCOME-TAXS.O. 2413(E).— In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act

Posted in Income Tax | 2 comments | 7470 Views

CBDT dedicates fortnight for pending appeal disposal

08 June 2018 at 10:48

Redressal of public grievances and taxpayer service is an area of top priority for the CBDT and the Income Tax Department. In this connection, a fortnight from 1st June to 15th June, 2018 has been dedicated for expeditious disposal of pending appeal

Posted in Income Tax | 3 comments | 6663 Views