Income Tax News

CBDT notifies new Income Tax Return Forms for AY 2017-18

31 March 2017 at 16:36

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 31st March, 2017. CBDT notifies new Income Tax Return Forms for AY 2017-18 The Central Board of Direct Taxes has notified Income-tax Return Forms

Posted in Income Tax | 1 comments | 28464 Views

Extension of banking hours on 31st March

29 March 2017 at 11:40

Circular No 205/3/2017-Service Tax F. No. L37/155/2.012- Service Tax (Part II) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Service Tax Wing * New Delhi, dated the 27th March,2017 To All Principal

Posted in Income Tax | 8346 Views

ITD searches resulted in admission of undisclosed income of Rs 45622 crore

25 March 2017 at 12:55

ITD conducted searches in about 2534 groups of persons led to admission of undisclosed income of about Rs. 45,622 crore apart from seizure of undisclosed assets (cash, jewellery etc) worth about Rs. 3,625 crore As part of enforcement measures and bas

Posted in Income Tax | 3189 Views

4.21 crore income tax returns Efiled this year

20 March 2017 at 10:07

Number of e-filed Income Tax Returns in Financial Year 2016-17 (till 28.02.2017) was 4.21 Cr: The total amount of refund issued in the current fiscal (including refund arising out of rectification, appeal effect etc.) is Rs. 1,48,459 crore (till 28.0

Posted in Income Tax | 4227 Views

Direct and indirect tax Collections shows a growth of 10.07% and 22.2% respectively upto Feb 2017

11 March 2017 at 12:05

Net Indirect Tax collection upto February 2017 stood at Rs 7.72 lakh crore, 22.2% more than the corresponding period last year Net Direct Tax collectionsupto February 2017 stood at Rs. 6.17 lakh crore, 10.7% more than the corresponding period last y

Posted in Income Tax | 1941 Views

17.92 Lakh persons tax profiles does not match with cash deposits

11 March 2017 at 12:05

Operation Clean Money; Income Tax Department identifies 17.92 Lakh persons whose tax profiles were not in line with the cash deposits made by them during the demonetization period Income Tax Department (ITD) has initiated “Operation Clean Money

Posted in Income Tax | 5016 Views

CBDT signs 10 more Advance Pricing Agreements

01 March 2017 at 11:31

Central Board of Direct Taxes (CBDT) signs ten (10) more Advance Pricing Agreements (APAs) pertaining to various sectors of the economy like Telecom, Pharmaceutical, Banking & Finance, Steel, Retail and Information Technology etc.; With this, the

Posted in Income Tax | 3144 Views

POEM guidelines not applicable for company with less than 50 cr turnover

24 February 2017 at 12:23

F. No. 142/11/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No 08 of 2017 Dated 231d February, 2017 Subject: Clarification for determination of Place of Effective Management (POEM) of a

Posted in Income Tax | 5331 Views

New TDS RPU and FUV utility released

23 February 2017 at 11:32

New versions of e-TDS/TCS Return Preparation Utility (RPU) and File Validation Utilities (FVUs) are applicable from February 23, 2017 onwards and available at https://www.tin-nsdl.com/etds-etcs/eTDS-download-regular.php.1. RPU Version 1.9 (Java based

Posted in Income Tax | 2 comments | 7590 Views

5.27 lakh taxpayers submit their online response to cash deposit notice

14 February 2017 at 10:45

Operation Clean Money by IT Dept gets overwhelming response. More than 5.27 lakh taxpayers submitted their response till 12th February, 2017. Last date for the submission of online response extended up to 15th February, 2017. The Income Tax Departmen

Posted in Income Tax | 16431 Views