Income Tax News

PNB scam a strong trigger to cut Govt stakes in banks : Assocham

20 February 2018 at 10:58

The Punjab National Bank's fraudulent transactions worth Rs 11,300 crore should act as a strong trigger for the government for reducing its stake to less than 50 percent in the banks which should then be allowed to work on the lines of private se

Posted in Income Tax | 11 comments | 3384 Views

CBI registers case for causing alleged loss of Rs 4886 crore to PNB

19 February 2018 at 11:06

CBI REGISTERS A CASE AGAINST MANAGING DIRECTOR OF A MUMBAI BASED PRIVATE COMPANIES AND OTHERS INCLUDING THEN BANK OFFICIALS FOR CAUSING AN ALLEGED LOSS OF RS.4886.72 CRORE(APPROX) TO PNB; CONDUCTS SEARCHES AT 26 LOCATIONSThe Central Bureau of Investi

Posted in Income Tax | 2 comments | 2331 Views

Last date for CAG empanelment extended to 22nd Feb

16 February 2018 at 14:25

Extension of the Last date for submission of online application for empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2018-19 Considering the difficulties faced by Chartered Accountant firms/LLPs in sub

Posted in Income Tax | 3735 Views

Plastic or PVC Aadhaar Smart Card is not usable says UIDAI

07 February 2018 at 10:48

The Unique Identification Authority of India (UIDAI) said today in a statement that the Plastic or PVC Aadhaar smart cards are often not usable as the QR code commonly becomes dysfunctional during such unauthorised printing at some vendor/shop. Also,

Posted in Income Tax | 5172 Views

Defaulter of Income Tax TDS arrested

22 January 2018 at 11:53

Tis Hazari Court has ordered judicial custody of the Director of a Delhi based Real Estate and IT Solution Company for non-compliance in Income Tax TDS Default case. It was found during investigations that the company had deducted TDS but had not dep

Posted in Income Tax | 2 comments | 7095 Views

Direct Tax Collections show a growth of 18.7% upto 15th Jan'18

17 January 2018 at 18:00

Direct Tax Collections for F.Y. 2017-2018 show Growth of 18.7% up to 15th January, 2018Provisional figures of Direct Tax collections up to 15th January, 2018 show that net collections are at Rs. 6.89 lakh crore which is 18.7% higher than the net coll

Posted in Income Tax | 1 comments | 2118 Views

Sharp increase in prosecutions of tax evaders by Income Tax Department

15 January 2018 at 11:16

The Income Tax Department has accorded the highest priority to tackle the menace of black money. With this objective in mind, the Department has initiated criminal prosecution proceedings in a large number of cases of tax offenders and evaders.Prosec

Posted in Income Tax | 2967 Views

IT dept attaches Benami properties of more than Rs 3500 crore

12 January 2018 at 11:26

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi,11thJanuary, 2018Income Tax Department steps up actions under Prohibition of Benami Property TransactionsAct : Benami properties of more than Rs. 3500 c

Posted in Income Tax | 1 comments | 3843 Views

Direct Tax Collections for F.Y. 2017-2018 show Growth of 18.2% up to Dec 2017

09 January 2018 at 18:54

The provisional figures of Direct Tax collections up to December, 2017 show that net collections are at Rs. 6.56 lakh crore which is 18.2% higher than the net collections for the corresponding period of last year. The net Direct Tax collections repre

Posted in Income Tax | 2781 Views

Income Tax e-Filing Helpline Numbers

02 January 2018 at 11:10

Helpdesk Contact Details Purpose Helpdesk Helpdesk Number Working Hours General Queries related to Income Tax Aaykar Sampark Kendra (ASK) 1800 180 1961 (or) 1961 08:00 hrs - 20:00 hrs

Posted in Income Tax | 4797 Views