Income Tax News
Impact of Demonetisation on Black Money, Tax Base and Direct Tax Collections
01 September 2017 at 11:08The Government of India launched a concerted drive against black money with Demonetisation being an important step in that direction. Among the main objectives of Demonetisation was the flushing out of black money and also the conversion of the non-f
Audit due date extended to 31st October 2017
31 August 2017 at 21:30F.No. 225/270/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi dated the 31st of August, 2017 Order under Section 119 of the Income-tax Act, 1961 (`Act'
Demonetization was immensely beneficial to Indian Economy says Govt
31 August 2017 at 10:52Finance Ministry: Demonetization immensely beneficial to Indian Economy and People The Government of India decided to cancel the Legal Tender Status of Rs.1000 and Rs.500 denomination currency notes on 8th November 2016 with several objectives: (i) f
GST on selling of space for advertisement in Print Media
24 August 2017 at 11:03Query has been raised regarding GST applicable on selling of space for advertisement in print media.
Clarification regarding number of Taxpayers added after Demonetization
21 August 2017 at 11:56Various news reports/articles have appeared in the media regarding inconsistency in the estimates of the number of taxpayers added after demonetization. It has been commented that the following different figures have been given at different forums by
Direct Tax Collections grows 19.1 percent upto July 2017
10 August 2017 at 11:10The Direct Tax collections up to July, 2017 in the Current Financial Year 2017-18 continue to register steady growth. Direct Tax collection during the said period, net of refunds, stands at Rs. 1.90 lakh crore which is 19.1% higher than the net colle
25 percent growth in number of Income Tax Returns filed
08 August 2017 at 11:3725% growth in number of Income Tax Returns filed in current fiscal Advance Tax (Personal Income Tax) collections up by 41% As a result of demonetization and Operation Clean Money, there is a substantial increase in the number of Income Tax Returns(IT
Income tax offices to remain open till midnight today
05 August 2017 at 11:08In view of the difficulties faced by taxpayers, the due date for filing of Income Tax Returns for F.Y. 2016-2017 i.e. Assessment Year A.Y. 2017-2018 was extended to 5th August, 2017(for certain categories of taxpayers).In order to facilitate manual f
Mandating Aadhaar linkage to PAN cards
02 August 2017 at 11:13Permanent Account Number (PAN) is the key identifier of taxable entity and aggregator of all financial transactions undertaken by one person. One PAN for one person is the guiding principle for allotment of PAN. However, for achieving the objective o
Date for ITR filing extended to 5th August 2017
31 July 2017 at 16:05In view of the difficulties faced by taxpayers, date for filing of Income Tax Returns for FY 2016-17 has been extended to 5th August, 2017
Popular News
- Capital Gains Exemptions Under Income Tax Act 2025
- No Deduction of TDS Under IT Act 2025: Form 121 Rules for Individuals and Senior Citizens
- Maintenance of Books of Accounts Under Income Tax Act, 2025
- Time Limits for Issuing IT Notices and Completing Assessments Under Income Tax Act 2025
- Income Tax Refund Rules Under Income Tax Act, 2025: How to Claim Excess Tax Paid
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
