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About 1372 results for "department of income tax"

Just 1.4 million Indians pay 80% of income tax

Insecticides India approaches CIT against I-T order

Insecticides India has filed an appeal with the Commissioner of Income Tax (CIT) to appeal against an Income Tax Department decision to disallow treatment of some revenues as capital receipts. Money Control, 2 hours ago
Blue Skies for Business Tax Reform? Part 4: Larger Role for Pass-Through Taxation Peterson Institute for International Economics, 2 hours ago

Express 2013 list yields undeclared Rs 500 cr; CBDT says 546 Indiansidentified

The Central Board of Direct Taxes (CBDT) has informed the Rajya Sabha Secretariat that the Income Tax department has so far identified 546 Indians, including 434 in the country, who invested in offshore entities in tax havens like the British Virgin ...
 Yahoo! India2 hours ago CBDT sets-up a Dedicated Structure for delivery and monitoring of Tax Payer Services in the Income Tax Department  PIB1 month ago
Money Today

Cairn India, Vedanta merger only after Rs 10,247 crore tax liability settled: Govt

Income Tax Department using retrospective tax legislation had slapped a Rs 10,247 crore tax notice on Cairn Energy in Jan 2014 Press Trust of India | New Delhi April 11, 2016 Last Updated at 18:32 IST A bird flies by the Vedanta office building in Mumbai In a ...
 Business Standard3 weeks ago Great tax theft: Just 6 taxpayers above Rs 50 cr & only 18,358 above Rs 1 cr?  Financial Express1 day ago TRC urges government to strengthen Tax audit function of FBR  Daily Times2 days ago HC seeks govt's reply on Cairn's plea against tax demand  Business Standard2 weeks ago

Tax payers can now e-verify ITRs using bank, demat a/c details

New Delhi: In a bid make e-verification of tax returns simpler, the Income-Tax Department has included bank account and demat account details among the modes that can be used to generate code to e-verify ITRs. Currently an Income-Tax Return or ...
 ZeeNews.com19 hours ago Economist urges gov't to change RP tax rates  Philippines Daily Tribune17 hours ago Over 2.5 million tax returns for individuals issued  Hong Kong Monetary Authority23 hours ago Asset Forfeiture and the Income Tax  Mises.org1 day ago
State Times

Taxdepartment's dilemma: How to ensure universal seeding of Aadhaar with PAN

Tax department wants to ensure that all PANs are seeded with Aadhaar to weed out duplicate PANs and check tax evasion New Delhi: The tax department is faced with a dilemma. It wants to ensure that all permanent account numbers (PAN) are seeded with ...
 Livemint.com3 hours ago New tool for I-T dept to identify, kill duplicate PAN  The Financial Chronicle1 month ago Income Tax department Gets New Tech Tool To Identify, Kill Duplicate PAN  Silicon India1 month ago Income Tax Department Gets New Tool to 'Kill' Duplicate PAN  NDTV1 month ago
Calcutta Telegraph

Submit proof of travel for claiming tax deduction on LTA: CBDT

New Delhi, May 3 () The Income Tax Department has brought out a new form making it mandatory for salaried taxpayers to furnish proof of travel for claiming tax deduction on LTA or LTC. The Central Board of Direct Taxes (CBDT) has brought in a Form ...
 Times of India18 hours ago Proof of travel, rent must to get tax relief  Calcutta Telegraph6 hours ago Now, Submit Proof Of Travel For Claiming LTA Deduction  NDTV Profit4 hours ago Claiming tax deduction on LTA or LTC? Submit proof of travel, says CBDT  Economic Times16 hours ago
Business Line

A taxing agenda

India's income tax department released time series data for the period 2000-01 to 2014-15 last week in an attempt to enhance transparency and encourage analysis which could provide insights for policymakers. That's a good beginning. Some worrying ...
 Yahoo! India8 hours ago Visually: Decoding Tax Data  Business Line1 day ago Release of Data by Income Tax Department  PIB4 days ago

New form to claim tax rebate on LTA, HRA

NEW DELHI: The income tax department has come out with a standard Form 12BB for salaried taxpayers to claim tax deduction on leave travel allowance concession (LTALTC), house rent allowance (HRA) and interest paid on home loans. Taxpayers will have ...
 Times of India7 hours ago

Even as tax revenue misses its mark, Democrats see an opening with Gov. Brown on the budget

Gov. Jerry Brown has long warned that the state's budget bonanza of recent years, fueled by a windfall of income tax revenues, is destined to sputter out — a mantra that's helped deflect many of his fellow Democrats ' spending demands. But now, ...
 Los Angeles Times14 hours ago Arkansas net available revenue at $110 million with 2016 fiscal year nearing end  Talk Business & Politics16 hours ago Pennsylvania Revenue Department Releases April 2016 Collections  International Business Times1 day ago

Just simplify

The I-T department has been advertising that it is collecting details of income and expenditure of citizens, from various sources. Whatever information is gathered should be made available online, on the website or in Form 26AS so that an assessee ...
 Hindu Business Line16 hours ago 'I'm a law-abiding citizen, cooperating with I-T department'  Rediff.com3 weeks ago I'm a law-abiding citizen, cooperating with I-T dept: Big B  Deccan Herald3 weeks ago
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