Income Tax News
Operation Clean money portal launched : 18 lac person identified
17 May 2017 at 11:31The Union Minister of Finance, Shri Arun Jaitley, launches Operation Clean Portal; Will enable citizen engagement for creating a tax compliant society and transparent tax administration Operation Clean Money Phase I: 18 lakh persons identified; More
Quoting of Aadhar not compulsory in IT return for resident of Assam,J&K and Meghalaya
13 May 2017 at 12:04Central Government notifies Exemption from Quoting Aadhaar / Enrolment ID to certain individual The Central Government vide notification dated 11th May, 2017 has notified that the requirement of quoting of Aadhaar / Enrolment ID shall not apply to th
CBDT invites comments on draft ICDS on Real estate transactions
12 May 2017 at 11:15Central Board of Direct Taxes (CBDT) invites comments from stakeholders on Draft Income Computation and Disclosure Standards on Real Estate Transactions by 26th May, 2017 The Committee constituted by the Finance Minister to suggest the areas in respe
Linking of PAN with Aadhaar made easy
11 May 2017 at 15:54The Income Tax Department has made it easy for taxpayers to link their PAN with Aadhaar. Just click on the link on the left pane-> Link Aadhaar. Provide PAN, Aadhaar no. and ENTER NAME EXACTLY AS GIVEN IN AADHAAR CARD (avoid spelling mistakes) and
CBDT invites suggestion on draft rules on valuation of unquoted shares
06 May 2017 at 15:48CBDT seeks the stakeholders’ comments/suggestions on the Draft Rules relating to valuation of unquoted equity share for the purposes of Section 56 and Section 50CA of the Income-tax Act, 1961. The Finance Act, 2017 inserted clause (x) in sub-se
All ITRs including ITR 6 for AY 2017-18 are available for e-Filing
05 May 2017 at 11:47All ITRs including ITR 6 for AY 2017-18 are available for e-Filing. https://incometaxindiaefiling.gov.in/
CBDT signs two Unilateral Advance Pricing Agreements with Taxpayers
29 April 2017 at 12:03Central Board of Direct Taxes (CBDT) signs two Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers, strengthening the Government�s commitment to foster a non-adversarial tax regime The total number of APAs entered into by the CBD
NITI Aayog denies recommending taxing farm income
27 April 2017 at 10:41Clarification on news reports regarding NITI Aayog’s Draft Three Year Action Agenda, published on 26th April, 2017 Several newspaper reports published on April 26th, 2017, state that NITI Aayog or its Draft Three year Action Agenda has recommen
Date for filing of declaration under PMGKY extended up
22 April 2017 at 12:29The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana,2016 (PMGKY) had commenced on 17th December, 2016 and was open for declarations up to 31st March, 2017. Representations from stakeholders have been received stating that in som
PAN details of CAs to avoid blocking of e-filing account by the IT Dept
20 April 2017 at 11:02I. Members who have not shared their PAN with ICAIIt has been informed by the Income Tax Department that the e-Filing account of the members, who have not provided their PAN details to the Institute but are using e-filing account with Income Tax Depa
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