Income Tax News
Rs 50 lac reward for Income tax informants
01 June 2018 at 18:20With the objective of obtaining people’s participation in the Income Tax Department’s efforts to unearth black money and reduce tax evasion, a new reward scheme titled “Income Tax Informants Reward Scheme, 2018” has been issue
All ITR 1 to 7 available for efiling now
28 May 2018 at 11:18All ITR 1 to 7 available for efiling now
Three months extension to task force drafting new Direct tax law
25 May 2018 at 11:24Extension of time by three months of the Task Force for drafting a New Direct Tax LegislationA Task Force was constituted by the Government of India in November, 2017 to review the existing Income-Tax Act, 1961 and to draft a New Direct Tax law in co
ITR 1, 2, 3 and 4 for AY 2018-19 is now available for e-Filing
18 May 2018 at 17:47ITR 1, 2, 3 and 4 for AY 2018-19 is now available for e-Filing
Instruction to fill new Form ITR-2 and ITR-3
16 May 2018 at 11:15Instructions for filling out FORM ITR-2&3 (A.Y 2018-19)PFA the attachment to know in details
ITR 1, 2 and 4 for AY 2018-19 now available for eFiling
15 May 2018 at 11:28ITR 1: For individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 lakhITR 2: For Individuals and HUFs not having income from pr
ITR4 for AY 2018-19 finally available for e-filing
10 May 2018 at 11:35ITR 4 for AY 2018-19 is now available for e-Filing. The same can be downloaded from the attachment below.Other ITRs will be available shortly.
Change request application with Gender as Transgender allowed for PAN
10 May 2018 at 11:35New PAN allotment and Change request applications with 'gender' as 'transgender' is allowed without any hassle. Also, there is no requirement of depositing any supporting document for change of 'gender' to 'transgender'
Draft notification pertaining to new Rule 11UAB of IT Rules, 1962
04 May 2018 at 10:43Finance Act, 2018 has inserted clause (via) to section 28 of the Income-tax Act, 1961 (‘the Act’) so as to provide that any profit and gains from conversion of inventory into capital asset or its treatment as capital asset shall be charge
Govt invites comments on draft notification on LTCG from shares
25 April 2018 at 11:35The Finance Act, 2018 has withdrawn the exemption under clause (38) of Section 10 of the Income-tax Act, 1961 (the Act) and has introduced a new section 112A in the Act, to provide that long term capital gains arising from transfer of a long-term cap
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