Ministry of Finance Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution Notices 21 JAN 2019 The Central Board of Direct Taxes (CBDT) has stated that certain news items that appeared in a section of media regarding enmasse issue of prosecution notices to small companies for TDS default are completely misleading and full of factual inaccuracies. CBDT … [Read more...] about Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution Notices
Income Tax Department
Identification of Benami Properties
Ministry of Finance Identification of Benami Properties 24 JUL 2018 Prohibition of Benami Property Transactions Act 1988 as amended by the Benami Transaction (Prohibition) Amendment Act, 2016 seeks to prohibit the Benami Transactions irrespective of the method by which the Benami Property is acquired. Such Benami Transactions include transactions in respect of movable as … [Read more...] about Identification of Benami Properties
Filling of Returns by every Government Servant – Income Tax
Filling of Returns by every Government Servant - Income Tax Government Servant भारत सरकार /Government of India आयकर विभाग/Income Tax Department आयकर आयुक्त चेन्नै-3 का कार्यालय, चेन्नै Office of the Pr. Commissioner of Income Tax-3, Chennai कमरा सं.410, चौथातल, आयकर भवन, 121, महात्मागांधी रोड, चेन्नै-34. 4th Floor, Main Building, 121, Mahathma Gandhi Road, Chennai-34. P. … [Read more...] about Filling of Returns by every Government Servant – Income Tax
Extension of date for filing of Income Tax Returns extended for five days up to 5th August, 2017
Extension of date for filing of Income Tax Returns extended for five days up to 5th August, 2017 There are some complaints that the taxpayers are not being able to log on to the e-filing website of Income Tax Department or not being able to link Aadhaar with PAN because of different names reflected in PAN and Aadhaar database. While technical snags have been removed already, … [Read more...] about Extension of date for filing of Income Tax Returns extended for five days up to 5th August, 2017
CBDT Notifies Rule 10CB for Secondary Adjustments under Section 92CE of IT Act, 1961
CBDT Notifies Rule 10CB for Secondary Adjustments under Section 92CE of IT Act, 1961. Rule 10CB for operationalising the provisions of secondary adjustment has been notified by the Central Board of Direct Taxes on 15th June, 2017. It prescribes the time limit for repatriation of excess money and the rate of interest to be applied for computing the income in case of failure … [Read more...] about CBDT Notifies Rule 10CB for Secondary Adjustments under Section 92CE of IT Act, 1961
Accepting of E-Aadhaar as Prescribed Proof of Identity for Reserved Journey
ACCEPTING OF E-AADHAAR AS PRESCRIBED PROOF OF IDENTITY FOR RESERVED JOURNEY Ministry of Railways has decided to incorporate downloaded Aadhaar (e-Aadhaar) as prescribed proof of identity at par with printed Aadhaar card as mentioned in the list of prescribed proofs of identity which are valid for undertaking journey in trains in reserved class. Railway passengers may carry … [Read more...] about Accepting of E-Aadhaar as Prescribed Proof of Identity for Reserved Journey
Income Tax department launches new facility to link Aadhaar with PAN
Income Tax department launches new facility to link Aadhaar with PAN New Delhi: The Income Tax department has launched a new e-facility to link a person's Aadhaar with the Permanent Account Number (PAN), a mandatory procedure for filing IT returns now. The department's e-filing website https://incometaxindiaefiling.gov.in/ has created a new link on its homepage making it … [Read more...] about Income Tax department launches new facility to link Aadhaar with PAN
Income Tax Department (ITD) launches Operation Clean Money
Income Tax Department (ITD) launches Operation Clean Money Income Tax Department (ITD) has initiated Operation Clean Money, today. Initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th December 2016. Data analytics has been used for comparing the demonetisation data with information in ITD databases. In the first … [Read more...] about Income Tax Department (ITD) launches Operation Clean Money
Pan or Form No 60 mandatory for all bank accounts – Submit to the bank by 28.2.2017
Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017. Press Information Bureau Government of India Ministry of Finance 08-January-2017 18:17 IST Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not … [Read more...] about Pan or Form No 60 mandatory for all bank accounts – Submit to the bank by 28.2.2017
Finance Minister conveys Government’s Appreciation to tax payers for their contribution towards Nation building
Finance Minister conveys Government's Appreciation to tax payers for their contribution towards Nation building Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 19th September, 2016. Press Release Sub: Finance Minister conveys Government's Appreciation to tax payers for their contribution towards Nation … [Read more...] about Finance Minister conveys Government’s Appreciation to tax payers for their contribution towards Nation building
