Income Tax News

New facilities for UAN Aadhar linking introduced By EPFO

28 February 2018 at 10:45

Employees' Provident Fund Organisation (EPFO) has introduced UAN-Aadhaar linking facility for the convenience of members using EPFO Link in UMANG Mobile App. This is in addition to the existing web facility already available at EPFO's we

Posted in Income Tax | 5484 Views

Revised Form 10A for Registration of Charitable Trust

27 February 2018 at 13:58

Central Board of Direct Taxes (CBDT) on 19th February 2018 vide Notification No. 10/2018 has revised the format of Form 10A - Application Form for Registration of Charitable and Religious Trust under section 12A of the Income Tax Act, 1961.In the Inc

Posted in Income Tax | 20250 Views

Cabinet approves new bill to ban Unregulated Deposit and Chit Funds Schemes

21 February 2018 at 11:16

Cabinet approves New Bill to ban Unregulated Deposit Schemes and Chit Funds (Amendment) Bill, 2018In a major policy initiative to protect the savings of the investors, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its a

Posted in Income Tax | 3699 Views

PNB scam a strong trigger to cut Govt stakes in banks : Assocham

20 February 2018 at 10:58

The Punjab National Bank's fraudulent transactions worth Rs 11,300 crore should act as a strong trigger for the government for reducing its stake to less than 50 percent in the banks which should then be allowed to work on the lines of private se

Posted in Income Tax | 11 comments | 3498 Views

CBI registers case for causing alleged loss of Rs 4886 crore to PNB

19 February 2018 at 11:06

CBI REGISTERS A CASE AGAINST MANAGING DIRECTOR OF A MUMBAI BASED PRIVATE COMPANIES AND OTHERS INCLUDING THEN BANK OFFICIALS FOR CAUSING AN ALLEGED LOSS OF RS.4886.72 CRORE(APPROX) TO PNB; CONDUCTS SEARCHES AT 26 LOCATIONSThe Central Bureau of Investi

Posted in Income Tax | 2 comments | 2406 Views

Last date for CAG empanelment extended to 22nd Feb

16 February 2018 at 14:25

Extension of the Last date for submission of online application for empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2018-19 Considering the difficulties faced by Chartered Accountant firms/LLPs in sub

Posted in Income Tax | 3795 Views

Plastic or PVC Aadhaar Smart Card is not usable says UIDAI

07 February 2018 at 10:48

The Unique Identification Authority of India (UIDAI) said today in a statement that the Plastic or PVC Aadhaar smart cards are often not usable as the QR code commonly becomes dysfunctional during such unauthorised printing at some vendor/shop. Also,

Posted in Income Tax | 5340 Views

Defaulter of Income Tax TDS arrested

22 January 2018 at 11:53

Tis Hazari Court has ordered judicial custody of the Director of a Delhi based Real Estate and IT Solution Company for non-compliance in Income Tax TDS Default case. It was found during investigations that the company had deducted TDS but had not dep

Posted in Income Tax | 2 comments | 7200 Views

Direct Tax Collections show a growth of 18.7% upto 15th Jan'18

17 January 2018 at 18:00

Direct Tax Collections for F.Y. 2017-2018 show Growth of 18.7% up to 15th January, 2018Provisional figures of Direct Tax collections up to 15th January, 2018 show that net collections are at Rs. 6.89 lakh crore which is 18.7% higher than the net coll

Posted in Income Tax | 1 comments | 2229 Views

Sharp increase in prosecutions of tax evaders by Income Tax Department

15 January 2018 at 11:16

The Income Tax Department has accorded the highest priority to tackle the menace of black money. With this objective in mind, the Department has initiated criminal prosecution proceedings in a large number of cases of tax offenders and evaders.Prosec

Posted in Income Tax | 3102 Views