With an estimated Rs 15 lakh crore in junked notes back in the banking system post demonetisation, the Income Tax department has started the process of engaging private entities to match the data with I-T return or other information of assessees. The I-T ... Deccan Herald, 1 month ago
After capping anonymous cash donations to political parties at Rs 2,000, the government is amending law to make it mandatory for them to file returns on income by December every year or risk losing tax exemption status. It is also changing the law to keep the ...The Financial Chronicle, 3 weeks ago Parties must file returns by Dec for I-T exemption Deccan Herald, 3 weeks ago File tax returns by Dec or lose exemption: Govt to parties Rediff.com, 3 weeks ago
I am a bank employee. My ITR V for FY15-16 was submitted on July 28, 2016. I had claimed 6,204 as relief under Section 89(1) in the return. There was a message on November 15, 2016 that ITR for AY 2016-17 had been processed and Order under 143(1) would be ...Business Line, 1 month ago
To ensure that assesses file their income tax return (ITR) on time, finance minister Arun Jaitley has introduced the provision of late fee up to Rs 10,000 in the budget. Till now late ITR submitters, whose numbers were quite significant, were only barred from ...The Financial Chronicle, 3 weeks ago
The I-T department is likely to launch the second phase of 'Operation Clean Money' next month to close in on unaccounted money making its way into banks but may ignore standalone deposits below Rs 5 lakh for now. The Income Tax department will appoint two ...The Financial Chronicle, 6 days ago Operation Clean Money: I-T dept to lanch 2nd phase of unaccounted money scrutiny DNA, 6 days ago Tax dept scans 1-cr accounts under 'Operation Clean Money' Deccan Herald, 3 weeks ago Operation Clean Money: I-T dept scans 1 crore accounts, 18 lakh people to be questioned DNA, 3 weeks ago
Under 'Operation Clean Money', the I-T department had sent SMS and e-mails to 18 lakh people Nearly half of the 18 lakh people under the I-T scanner for suspicious bank deposits post cash ban have been put in the 'doubtful' category, but action against them will follow only after the new tax amnesty scheme ends on March 31. Under 'Operation Clean Money', the I-T department had sent SMS and e-mails to 18 lakh people, who according to its data analysis had made suspicious deposits of over Rs ...Rediff.com, 1 week ago Nine lakh accounts under Operation Clean Money 'doubtful' Deccan Herald, 1 week ago
As many as 4.01 crore ITRs were e-filed till February 10, 2017, an increase of 20 per cent over the previous year.Business Standard, 1 week ago I-T dept issues 1.62 cr refunds worth Rs 1.42 lakh cr Business Standard, 1 week ago I-T department issues 1.62 cr refunds worth Rs 1.42 lakh cr; 41.5% higher than last year First Post.com, 1 week ago
Over 4.19 crore income tax returns (ITRs) have been processed and over 1.62 crore refunds issued during the current financial year up to February 10, Central Board of Direct Taxes (CBDT) said on Monday."The Centralised Processing Centre (CPC) of the income ...Prokerala, 1 week ago
Expeditious issue of Refunds is a High Priority for the Central Board of Direct Taxes (CBDT); Over 4.19 crore Income Tax Returns (ITRs) processed and over 1.62 crore refunds issued during the Current Financial Year up to 10th February, 2017.
The Centralised Processing Centre (CPC) of the Income Tax Department (ITD) at Bengluru has already processed over 4.19 crore Income Tax Returns (ITRs) and issued over 1.62 crore refunds during the current financial year up to 10th February, 2017. The amount ...PIB, 1 week ago
New Delhi: With a view to expedite tax assessments, the revenue department proposes to make it mandatory for tax payers to file I-T returns as well as revised returns by March end of the assessment year (AY). The department, in the memorandum to Finance Bill ...Mathrubhumi, 2 weeks ago Taxpayers take notice: All income tax returns must be filed by March end of assessment year DNA, 3 weeks ago
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