Search For "income tax act 1961"
CBDT clarification on issue of certificates for collection of TDS, TCS
Updated : 6 years, 1 month ago IST
New Delhi [India], April 10 (ANI): To mitigate the hardships to taxpayers, Central Board of Direct Taxes (CBDT) on Thursday provided clarification on orders under Section 119 of the Income-Tax Act, 1961 issued relating to the issue of certificates for lower deduction/collection of TDS/TCS.
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Kerala CM raises concerns over proposed amendment in section 6 of Income T
Updated : 6 years, 3 months ago IST
Thiruvananthapuram (Kerala) [India], Feb 3 (ANI): Kerala Chief Minister Pinarayi Vijayan on Monday raised concerns of the state in the Assembly regarding proposed amendment of section 6 of the Income Tax Act, 1961, which lays down conditions for residential status for tax purposes in India.
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I-T Department conducts searches on business group; 28 premises covered
Updated : 6 years, 6 months ago IST
Pune (Maharashtra) [India], Nov 7 (ANI): The Income Tax Department conducted searches on a business group in Pune on Wednesday under the Income Tax Act, 1961.
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Not paying tax? I-T Dept will call you soon
Updated : 6 years, 8 months ago IST
Noida (Uttar Pradesh) [India], Sept 23 (ANI): Not paying taxes and having unaccounted income is not going to pay any dividend anymore. The Income Tax Department has set up a huge database of all citizens.
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Start-ups with turnover up to Rs 25 crore to get promised tax holiday: CBD
Updated : 6 years, 9 months ago IST
New Delhi [India], Aug 22 (ANI): The Central Board of Direct Taxes (CBDT) clarified on Thursday that small start-ups with turnover up to Rs 25 crore will continue to get the promised tax holiday as specified in Section 80-IAC of the Income Tax Act 1961 which provides deduction for 100 per ce
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Govt allows Task Force to submit report on direct tax code by Aug 16
Updated : 6 years, 9 months ago IST
New Delhi [India], July 31 (ANI): The government has allowed Task Force which was constituted in November 2017 to review existing Income-tax Act, 1961 and draft a new direct tax law, to submit its report by August 16 in the light of the fact that new members of task force requested for more
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Four supplementary prosecution complaints filed against Gautam Khaitan in
Updated : 6 years, 11 months ago IST
New Delhi [India], Jun 11 (ANI): On June 7, the Directorate of Income Tax (investigation) has filed four supplementary prosecution complaints for fiscal year 2009-10 to 2012-13 before the income-tax special court against Gautam Khaitan, who is also one of the accused in the Rs 3,600 crore Ag
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IT Dept. extends date for sending suggestions on new direct tax
Updated : 7 years, 12 months ago IST
New Delhi (India), May 28 (ANI): The Income Tax Department's Task Force has extended the date for sending suggestions or feedback on existing Income-Tax Act, 1961 and drafting a new direct tax law till June 15.
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Task force gets deadline extension to present report on tax laws
Updated : 8 years ago IST
New Delhi [India], May 22 (ANI): The Central Board of Direct Taxes (CBDT) on Tuesday announced a three-month extension for the special task force, constituted to review the existing tax laws and suggest necessary modifications.
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CBDT notifies introduction of section 112A in the Act
Updated : 8 years, 1 month ago IST
New Delhi [India], Apr 24 (ANI): Central Board of Direct Taxes (CBDT) on Tuesday notified that the Finance Act, 2018 has withdrawn the exemption under clause (38) of section 10 of the Income-tax Act, 1961 (the Act) and has introduced a new section 112A in the Act.
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CBDT amends Section 16 of Income Tax Act
Updated : 8 years, 1 month ago IST
New Delhi [India], Apr. 05 (ANI): The Central Board of Direct Taxes (CBDT) on Thursday announced that the Finance Act, 2018 has amended Section 16 of the Income Tax Act, 1961.
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Centre constitutes task force for drafting a new direct tax law
Updated : 8 years, 6 months ago IST
New Delhi [India], Nov 22 (ANI):The Central Board of Direct Taxes on Wednesday notified that the government has constituted a task force to review the Income-tax Act, 1961, and will draft a new Direct Tax Law in consonance with economic needs of the country.
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