Income Tax News

Measures taken by Government to Control and curb Parallel Economy

20 December 2017 at 12:46

Measures taken by Government to Control and Curb Parallel Economy and Unaccounted Transactions The Government has taken several measures to effectively control and curb the prevalence of parallel economy and unaccounted transactions. Major steps in t

Posted in Income Tax | 3537 Views

Bank suggest to raise TDS limit on interest from Rs 10000

18 December 2017 at 10:56

The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley holds his 7th Pre-Budget Consultation Meeting with the representatives of the Banks and Financial Institutions (FIs) in national capital today; FM: In order to strengthen the bank

Posted in Income Tax | 4188 Views

Extension of deadline to 31st March for Aadhaar Submission to banks

14 December 2017 at 11:00

Extension of deadline till 31.3.18 for submission of Aadhaar number, and Permanent Account Number or Form 60 by client to the reporting entityAfter considering various representations received and inputs received from Banks, it has been decided to no

Posted in Income Tax | 2544 Views

ICAI Pre-budget Memoranda 2018

12 December 2017 at 11:14

Direct Taxes and International Tax Indirect Taxes

Posted in Income Tax | 3723 Views

DRI recovers Rs 50 cr of demonetised currency

11 December 2017 at 11:08

DRI Strikes Against Black Money - Recovers about Rs.50 Crores of Demonetized Currency

Posted in Income Tax | 1974 Views

Direct tax collection grows by 14.4% upto November

11 December 2017 at 11:07

Direct Tax Collections for Financial Year 2017-18 show Growth of 14.4% upto November, 2017 The provisional figures of Direct Tax collections up to November, 2017 show that net collections are at Rs. 4.8 lakh crore which is 14.4% higher than the net c

Posted in Income Tax | 1638 Views

Linking Aadhaar to PAN deadline extended to 31st March 2018

09 December 2017 at 12:21

CBDT extends date till 31.3.18 for linking of Aadhaar with PAN Under the provisions of recently introduced section 139AA of the Income-tax Act, 1961 (the Act), with effect from 01.07.2017, all taxpayers having Aadhaar Number or Enrolment Number are r

Posted in Income Tax | 2307 Views

Income Tax Department suspends an officer for harassing the taxpayer

09 December 2017 at 12:21

A complaint was received making serious allegations against Shri D. K. Meena, Deputy Commissioner of Income Tax, posted at Surendranagar in Gujarat Region for harassing a taxpayer in a scrutiny case with malafide intention. The officer was alleged to

Posted in Income Tax | 3540 Views

CBDT releases Citizen charter for review

24 November 2017 at 11:14

PROCEDURE FOR GRIEVANCES REDRESSAL(CLAUSE 7.3)A. For Buildings Where ASK is not functionalGrievance redressal mechanism : The grievances of assessees can arise due to a number of reasons - delay in transfer of files, harassment during a search, a sur

Posted in Income Tax | 4422 Views

Task Force constituted for drafting New Direct Tax legislation

23 November 2017 at 17:18

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesConstitution of Task Force for drafting a New Direct Tax Legislation During Rajaswa Gyan Sangam held on 1st and 2nd September, 2017, Hon�ble Prime Minister

Posted in Income Tax | 4 comments | 2745 Views