Search For "income tax"
Middle class families scared of Income Tax authorities, I will change that
Updated : 8 years, 7 months ago IST
New Delhi, Aug. 15 (ANI): Prime Minister Narendra Modi on Monday said his government is committed to resolve the situation where people are scared of the Income Tax authorities, particularly among middle class families, assuring that he will bring the change.
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CBDT announces framework for computation of book profit for MAT levy
Updated : 8 years, 7 months ago IST
New Delhi, Aug.5 (ANI): A committee had been constituted, with the approval of the Finance Minister, to suggest the framework for computation of book profit for the purposes of levy of MAT under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant co
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CBDT extends date for filing income tax return to August 5
Updated : 8 years, 7 months ago IST
New Delhi, July 30 (ANI): As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes (CBDT) on Friday extended the due date for filing returns of Income for Assessment Year 2016- 2017 from July 31 to August 5 in case of taxpayers throughout India, who are liab
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CBDT seeks suggestions on draft rules on income from buy back of unlisted
Updated : 8 years, 7 months ago IST
New Delhi, July 25 (ANI): The income tax department, which falls under the jurisdiction of the Ministry of Finance has issued draft rules for prescribing the manner of determination of amount received by the company in respect of a share under Section 115QA of the Income-Tax Act, 1961.
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IT Department to issue seven lakh letters seeking information of High Valu
Updated : 8 years, 7 months ago IST
New Delhi, July 21 (ANI): Under the Annual Information Returns (AIR), various types of high-value transactions were being reported to the Income Tax Department.
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I-T Department likely to issue seven lakh letters to seek high value trans
Updated : 8 years, 7 months ago IST
New Delhi, July 21 (ANI): Under the Annual Information Returns (AIR), various types of high-value transactions were reported to the Income Tax Department.
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IT Dept. signs contract with L& T Infotech to track tax invaders
Updated : 8 years, 7 months ago IST
New Delhi, July 20 (ANI): In the last decade, the Income Tax Department embarked on an ambitious computerization plan, which developed voluminous databases of IT returns, IT forms, TDS/TCS statements, Annual Information Return (AIR) etc.
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Maha EC cancels AIMIM registration as political party
Updated : 8 years, 7 months ago IST
Mumbai, July 13 (ANI): The Maharashtra Election Commission on Wednesday cancelled Asaduddin Owaisi-led All India Majlis-e-Ittehad-ul Muslimeen (AIMIM)'s registration as a state political party for failing to file its income tax and funds details.
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