Income Tax News

Direct tax collection grows by 14.4% upto November

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

Linking Aadhaar to PAN deadline extended to 31st March 2018

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

Income Tax Department suspends an officer for harassing the taxpayer

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

CBDT releases Citizen charter for review

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

Task Force constituted for drafting New Direct Tax legislation

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

Aadhaar data was never breached says UIDAI

The Unique Identification Authority of India (UIDAI) responding to a news report, appeared in certain section of media on "210 Government sites made Aadhaar info public" as if Aadhaar data is leaked or breached, has said that such report

Direct tax collection shows growth of 15.2%, 89507 crore refund issued so far

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 7th November, 2017. Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.2% up to October, 2017The provisional figures of Direct Tax collections

CBDT notifies rules in respect of Country-by-Country reporting of Master File

In keeping withIndia’s commitment to implement the recommendations of 2015 Final Report on Action 13, titled “Transfer Pricing Documentation and Country-by-Country Reporting”, identified under the OECD Base Erosion and Profit Shifti

Tax Audit due date extended to 7th Nov

Draft Notification of amendment of Rule 17A and Form 10A of IT Act

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 18th October, 2017.Draft Notification of amendment of Rule 17A and Form 10A of the Income-tax Rules, 1962 – comments and suggestions thereof.Vid