Income Tax News


Rs 50 lac reward for Income tax informants

   01 June 2018 at 18:20

With 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

Posted in Income Tax  1 comments |   4959 Views


All ITR 1 to 7 available for efiling now

   28 May 2018 at 11:18

All ITR 1 to 7 available for efiling now

Posted in Income Tax  2 comments |   6939 Views


Three months extension to task force drafting new Direct tax law

   25 May 2018 at 11:24

Extension 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

Posted in Income Tax  3 comments |   8016 Views


ITR 1, 2, 3 and 4 for AY 2018-19 is now available for e-Filing

   18 May 2018 at 17:47

ITR 1, 2, 3 and 4 for AY 2018-19 is now available for e-Filing

Posted in Income Tax  2 comments |   5355 Views


Instruction to fill new Form ITR-2 and ITR-3

   16 May 2018 at 11:15

Instructions for filling out FORM ITR-2&3 (A.Y 2018-19)PFA the attachment to know in details

Posted in Income Tax  1 comments |   11310 Views


ITR 1, 2 and 4 for AY 2018-19 now available for eFiling

   15 May 2018 at 11:28

ITR 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

Posted in Income Tax |   8970 Views


ITR4 for AY 2018-19 finally available for e-filing

   10 May 2018 at 11:35

ITR 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.

Posted in Income Tax  20 comments |   10629 Views


Change request application with Gender as Transgender allowed for PAN

   10 May 2018 at 11:35

New 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'

Posted in Income Tax |   2196 Views


Draft notification pertaining to new Rule 11UAB of IT Rules, 1962

   04 May 2018 at 10:43

Finance 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

Posted in Income Tax |   5883 Views


Govt invites comments on draft notification on LTCG from shares

   25 April 2018 at 11:35

The 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

Posted in Income Tax  3 comments |   6021 Views



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