Income Tax News

Aadhar OTP E-verification for ITR is temporarily down

25 July 2018 at 15:05

The Aadhar OTP E-verification option used for Income Tax Return verifications has been made temporarily unavailable for taxpayers. The same will be resumed shortly. The Taxpayers are advised to file their returns and e-verify the same through other o

Posted in Income Tax | 4 comments | 13896 Views

Form 3CD revised by CBDT wef 20th August

24 July 2018 at 11:49

MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th July, 2018 G.S.R. 666(E). - In exercise of the powers conferred by section 44AB read with section 295 of the Income-tax Act, 1961 (43 of 1961)

Posted in Income Tax | 1 comments | 12030 Views

Major Steps taken for Reducing Tax Litigations

12 July 2018 at 15:04

In order to reduce the long pending grievances of taxpayers and to minimise litigations pertaining to tax matters and to facilitate the Ease of Doing Business, Government of India has decided to increase the threshold monetary limits for filing Depar

Posted in Income Tax | 4059 Views

Key feature for new TDS return preparation utility

11 July 2018 at 13:34

e-TDS/TCS Return Preparation Utility Ver. 2.3 for Regular & Correction Statement(s) from FY 2007-08 onwards.Features of RPU 2.3NSDL e-Gov RPU_e-Tutorial (Version 1.7)e-TDS/TCS Regular & Correction Statement(s) for FY 2007-08 and onwards (i.e.

Posted in Income Tax | 1 comments | 12696 Views

DSC based online application for new PAN

06 July 2018 at 11:59

(a) An applicant will fill Form 49A online and submit the form. (b) If there are any errors, rectify them and re-submit the form. (c) A confirmation screen with all the data filled by the applicant will be displayed. (d)

Posted in Income Tax | 1 comments | 11754 Views

Empower CMA to do valuation and certification under income tax rules

05 July 2018 at 11:20

Ref: ICAI/TRD/JUNE2018 Dated: 28.06.2018To,Shri Pravin Rawal,Director (Tax Policy and Legislation)North Block,New Delhi 110001.Dear Sir,Re: Empowering the members of the Institute of Cost Accountants of India (ICAI) for Valuation and certification th

Posted in Income Tax | 8508 Views

Aadhar Pan Linking Extended till 31st March 2019

02 July 2018 at 11:37

F. No.225/270/2017/ITA.IIGovernment of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA. II Division New Delhi, dated the 30th of June, 2018 Order under Section 119 of the Income-tax Act, 1961 Vide its or

Posted in Income Tax | 6078 Views

Instant e-PAN allotment near to real time

30 June 2018 at 13:11

Instant e-PAN allotment (Beta version) in near to real time is available free of cost for limited period. Individuals (other than minors) with a valid Aadhaar number (with updated Mobile number) can avail the e-PAN allotment facility. Click here to k

Posted in Income Tax | 1 comments | 11220 Views

Investigation in fresh series of Panama papers cases

22 June 2018 at 11:16

Prompt investigation in fresh series of cases pertaining to ‘Panama Papers’The fresh release made in the media today under ‘Panama Paper Leaks’ is being promptly looked into by the law enforcement agencies under the aegis of t

Posted in Income Tax | 6033 Views

IT dept warns against fraud online PAN application entity

19 June 2018 at 11:11

The general public is hereby informed that the Income Tax Department (ITD), Government of India has appointed only two entities namely NSDL e-Governance Infrastructure Limited (NSDL e- Gov) and UTI Infrastructure Technologies Services Limited for pur

Posted in Income Tax | 2 comments | 10551 Views