Those planning to appeal against the demand raised by the income tax (I-T) department will now get a stay only if they shell out 20
Category: Income Tax
What if you miss the Income Tax Return deadline on August 5: Here’s what to do – The Financial Express–04.08.2017
While the government has extended the last date for filing income tax returns to August 5 because of some technical glitches, if an assessee misses the
Income Tax department: This is how I-T department is using data analytics to catch tax evaders–Economic Times–03.08.2017
It’s not unusual to form an investment company for buying an expensive residential apartment. But in the case of a city Golf Link Road apartment,
Do meet the extended deadline of August 5 for filing ITR | Business Standard–02.08.2017
The income tax (I-T) department has decided to extend the deadline for filing tax returns till Saturday. If you have not filed your returns yet,
ITR Filing deadline: Here’s what will happen if you miss today’s income tax return filing deadline–Economic Times–01.08.2017
Make sure you don’t miss the extended deadline. Here’s what will happen if you do. Can I file my income tax return after the deadline?
Income tax return: What you should do if you get an income tax notice–Economic Times–31.07.2017
Filing income tax returns by due date is crucial, but equally important is to file these correctly. If you don’t do so, expect a notice
Instagram posts will soon help Modi government sniff out tax evaders–Economic Times–29.07.2007
By Shruti Srivastava A photo of your shiny new car on Instagram or the Facebook post about your chic holiday cottage may lead India’s
Tax return: Without UID, expatriates unable to file tax returns–Economic Times–28.07.2017
Many expatriates living in India and non-resident Indians living in any other country may just end up in tax trouble with no fault of theirs.
Got an I-T notice on cash deposits? Don’t panic and follow this guide | Business Standard News–28.07.2017
The Reserve Bank of India (RBI), in tandem with public sector and commercial banks, has undertaken data mining on a massive scale to identify how
Tax evasion: Demonetisation crackdown round two: Tax sleuths target corporate accounts–Economic Times–27.07.2017
After targeting individuals who made large cash deposits in banks during or after demonetisation, the income-tax department is now going after businesses that deposited lots
Reader’s corner: Taxation | Business Standard News–27.07.2017
I moved to Singapore five years earlier. I have Rs 5 lakh in a savings bank account in India. There have been no transactions since
Over 6.83 L companies have PAN but did not file I-T returns: Minister of State for Finance Santosh Kumar Gangwar – The Financial Express–26.07.2017
Over 6.83 lakh companies have permanent account number (PAN) but did not file income tax returns for assessment year 2016-17, Parliament was informed today. The
I-T department probing 30,000 cases where ITRs were revised after demonetisation: CBDT–Economic Times–25.07.2017
The Income Tax department is probing over 30,000 cases of alleged tax evasion wherein the returns (ITRs) were revised by assessees post demonetisation, CBDT chief
Tax base widens to 6.26 cr in 2016-17: CBDT–Economic Times–25.07.2017
Income taxpayer base moved up substantially to 6.26 crore at the end of the last fiscal, from nearly 4 crore earlier, CBDT Chairman Sushil Chandra
NRIs need not give account details if seeking no refund: CBDT–Economic Times–25.07.2017
Non-resident Indians (NRIs) won’t be required to disclose their overseas bank accounts in the income tax return form, the Central Board of Direct Taxes (CBDT)
Revising ITR: How to rectify income tax returns–Economic Times–25.07.2017
After an income tax return is filed, it is processed by the CPC, Income Tax Department. However, after processing, if an assessee realises that some
NRIs: Tax department’s demand to disclose foreign bank accounts sends NRIs, expats into tizzy–Economic Times–24.07.2017
Tax practitioners and lawyers are inundated with phone calls from these individuals who fear non-disclosure could put them on the wrong side of Indian regulations.
Undisclosed income of Rs 71,941 cr found in 3 years: Govt to SC | Business Line–24.07.2017
Massive searches, seizures and surveys by the Income Tax (I-T) department over the last three years have led to the detection of around Rs. 71,941
TDS certificates: What you must check in your TDS certificates, Form26AS & why they should match–Economic Times–22.07.2017
You should ensure that TDS certificates (Form 16/16A) issued to you are downloaded only from TRACES. 1. TDS certificates should be downloaded only from TRACES
Income tax return: 6 ways to verify your income tax return–Economic Times–21.07.2017
As per the existing tax laws, a return filed by the taxpayer is not valid until it is verified as filed by the concerned assessee.
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