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, 1 month ago
The government today proposed to lower cap for cash transactions to Rs 2 lakh from April 1, make biometric identifier Aadhaar mandatory for filing tax returns and allow cheque-only contributions to electoral trusts as part of the tirade against black money.DNA, 1 week ago
India today successfully test-fired an indigenously developed supersonic interceptor missile capable of destroying any incoming enemy missile at low altitude, a feat which reflects the countrys Ballistic Missile Defence prowess. The Defence Ministry said all ...Deccan Herald, 3 weeks ago Supersonic interceptor missile scores a direct hit Rediff.com, 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, 1 month ago Operation Clean Money: I-T dept to lanch 2nd phase of unaccounted money scrutiny DNA, 1 month ago Tax dept scans 1-cr accounts under 'Operation Clean Money' Deccan Herald, 1 month ago Operation Clean Money: I-T dept scans 1 crore accounts, 18 lakh people to be questioned DNA, 1 month ago
Goods and Services Tax Network (GSTN), the entity tasked with providing network support to the proposed goods and services tax (GST) regime, has rejected the charge of evading or non-payment of service tax. It faces an enquiry by the tax department, which has ...The Financial Chronicle, 1 month 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 month ago Nine lakh accounts under Operation Clean Money 'doubtful' Deccan Herald, 1 month ago
The income tax department has issued refunds to the tune of Rs 1.42 lakh crore so far this fiscal till February 10, 41.5 per cent higher than last year's. The Centralised Processing Centre (CPC) of the tax department has already processed over 4.19 crore ...Business Standard, 1 month 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 month 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 month 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, 1 month ago Taxpayers take notice: All income tax returns must be filed by March end of assessment year DNA, 1 month ago
Providing clarity on scrutiny of deposits made in banks post demonetisation, I-T department today said no questions will be asked about deposits of up to Rs 2.5 lakh and only those accounts will be probed that do not match the tax returns. Using Big Data ...The Financial Chronicle, 1 month ago Deposits up to Rs 2.5 lakh won't be questioned: CBDT Rediff.com, 1 month ago
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