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
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Income Tax
CBDT notifies new scrutiny notices with e-facility for taxpayers
CBDT notifies new scrutiny notices with e-facility for taxpayers New Delhi: The CBDT has notified revised income tax scrutiny notices that will allow taxpayers to conduct their business with the taxman over the Internet without needing to visit the I-T office, hence reducing physical interface between them. The new format pertains to three types of notices that are issued … [Read more...] about CBDT notifies new scrutiny notices with e-facility for taxpayers
Central Government notifies Exemption from Quoting Aadhaar / Enrolment ID to certain individuals
Central Government notifies Exemption from Quoting Aadhaar / Enrolment ID to certain individuals The Central Government vide notification dated 11th May, 2017 has notified that the requirement of quoting of Aadhaar / Enrolment ID shall not apply to the following individuals if they do not possess the Aadhaar / Enrolment ID: An individual who is residing in the state of … [Read more...] about Central Government notifies Exemption from Quoting Aadhaar / Enrolment ID to certain individuals
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
The Central Government has no plan to impose any tax on agriculture income : FM
The Central Government has no plan to impose any tax on agriculture income: FM Following is the text of the Union Finance Minister Shri Arun Jaitley's Statement on the subject to impose tax on agriculture income: "I have read the paragraph in Niti Ayog Report entitled 'Income tax on agriculture income'. To obviate any confusion on the subject, I categorically state that … [Read more...] about The Central Government has no plan to impose any tax on agriculture income : FM
Revised scales of office space for various categories of officers and staff and special requirements of Central Secretariat excluding those serving in the Income Tax, Central Excise and Customs Departments
7th CPC: Revised scales of office space for various categories of officers and staff Consequent upon implementation of 7th CPC Revised scales of office space for various categories of officers and staff: Directorate of Estates OM dated 16.03.2017 No.11015/1/98-Pol.1 Government of India Ministry of Urban Development Directorate of Estates New Delhi, the 16th March, … [Read more...] about Revised scales of office space for various categories of officers and staff and special requirements of Central Secretariat excluding those serving in the Income Tax, Central Excise and Customs Departments
Central government to hire 2.8 lakh staff in a year, police, I-T and customs to get lions share
Central government to hire 2.8 lakh staff in a year, police, I-T and customs to get lions share New Delhi: The size of the central government, particularly police and tax officials, is likely to grow with the Centre’s Budget providing for the recruitment of around 2.80 lakh more staff. Of this number, more than 1.80 lakh would be recruits to departments of police, income … [Read more...] about Central government to hire 2.8 lakh staff in a year, police, I-T and customs to get lions share
New Benefits announced for NPS Subscribers: Budget 2017
Budget 2017 - New Benefits announced for NPS Subscribers PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY PRESS RELEASE In a bid to provide further impetus to the National Pension System (NPS), the following provisions have teen introduced in the Finance bill 2017 laid down in the Parliament today. 1. Tax-exemption to partial withdrawal … [Read more...] about New Benefits announced for NPS Subscribers: Budget 2017
New Income Tax Rates And Deductions Applicable From April 1, 2017
New Income Tax Rates And Deductions Applicable From April 1, 2017 With some tinkering in the income tax rates for 2017-18, Finance Minister Arun Jaitley reduced the tax rate for income between Rs. 2.5 lakh and Rs. 5 lakh to 5 per cent in the Union Budget, while adding a surcharge of 10 per cent on tax for income between Rs. 50 lakh and Rs. 1 crore. Although the basic … [Read more...] about New Income Tax Rates And Deductions Applicable From April 1, 2017
INCOME TAX FAQ : What are allowances? Are all allowances taxable?
INCOME TAX FAQ : What are allowances? Are all allowances taxable? What is considered as salary income? section 17 of the Income-tax Act defines the term 'salary'. However, not going into the technical definition, generally whatever is received by an employee from an employer in cash, kind or as a facility [perquisite] is considered as salary. What are allowances? … [Read more...] about INCOME TAX FAQ : What are allowances? Are all allowances taxable?
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