Income Tax News
Cabinet approves new bill to ban Unregulated Deposit and Chit Funds Schemes
21 February 2018 at 11:16Cabinet 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
PNB scam a strong trigger to cut Govt stakes in banks : Assocham
20 February 2018 at 10:58The 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
CBI registers case for causing alleged loss of Rs 4886 crore to PNB
19 February 2018 at 11:06CBI 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
Last date for CAG empanelment extended to 22nd Feb
16 February 2018 at 14:25Extension 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
Plastic or PVC Aadhaar Smart Card is not usable says UIDAI
07 February 2018 at 10:48The 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,
Defaulter of Income Tax TDS arrested
22 January 2018 at 11:53Tis 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
Direct Tax Collections show a growth of 18.7% upto 15th Jan'18
17 January 2018 at 18:00Direct 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
Sharp increase in prosecutions of tax evaders by Income Tax Department
15 January 2018 at 11:16The 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
IT dept attaches Benami properties of more than Rs 3500 crore
12 January 2018 at 11:26Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi,11thJanuary, 2018Income Tax Department steps up actions under Prohibition of Benami Property TransactionsAct : Benami properties of more than Rs. 3500 c
Direct Tax Collections for F.Y. 2017-2018 show Growth of 18.2% up to Dec 2017
09 January 2018 at 18:54The provisional figures of Direct Tax collections up to December, 2017 show that net collections are at Rs. 6.56 lakh crore which is 18.2% higher than the net collections for the corresponding period of last year. The net Direct Tax collections repre
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