July 25, 2020 12:42 am
The furnishing and receiving of information to and from these central agencies with NATGRID will include PAN details, Tax Deduction Account Number (TAN) details, bank account details, return summary, TDS summary (as per MoU) and any other mutually agreed information.
July 19, 2020 8:25 am
Income Tax Return (ITR) New Form 26AS: According to the Central Board of Direct Taxes (CBDT), the new Form 26AS will have the financial transactions of high value that were undertaken during the previous financial year which would facilitate voluntary compliance and ease of e-filing of income tax returns (ITRs).
April 28, 2018 2:22 am
The tax department has also found evidence of inflated purchases, payments to bogus sub-contractors, inflated/fraudulent labour payments, unaccounted cash payments in the searches in Karnataka.
June 20, 2017 2:36 am
This follows British oil firm losing in an international arbitration tribunal its challenge against India’s I-T department taking coercive action to recover the tax dues.
March 11, 2017 6:05 pm
he I-T department has developed a mobile app for paying taxes and tracking refunds and is considering issuing PANs on real time basis using Aadhaar biometric.
May 17, 2016 6:38 pm
The Income Tax department has launched a special electronic grievance redressal system called 'e-nivaran' in order to fast track taxpayer grievances and ensure early resolution of their complaints.
May 16, 2016 6:45 pm
The Income Tax department is planning an audio and visual media blitzkrieg across the country to popularise the four-month window for declaring domestic black money that opens on June 1.
May 10, 2016 4:30 am
Sources said for the last 20 years, I-T officers have been raising the issue of unpaid taxes by mills who have paid over and above the Fair and Remunerative Price (FRP) to growers.
February 16, 2016 5:07 pm
The department on February 4 sent a notice to Vodafone International Holdings BV seeking Rs 14,200 crore in taxes, which it says are due from its $11 billion acquisition of Hutchison Whampoa's India telecom business in 2007.
June 16, 2015 3:20 am
A clear trend will emerge only after the second quarter advance tax numbers.
June 22, 2020 6:57 pm