Search For "income tax"
Income tax arrears under dispute increased by 129% in five years: Congress
Updated : 5 years, 10 months ago IST
New Delhi [India], Aug 14 (ANI): Congress on Friday attacked the government over its management of economy and taxation, saying that the direct tax amount under dispute has increased by 129 per cent in the last five years.
Read More
Tax2win to help millions of frontline healthcare workers in India with fre
Updated : 5 years, 10 months ago IST
Jaipur (Rajasthan) [India], Aug 14 (ANI/BusinessWire India): The outburst of Covid-19 has triggered struggle for everyone and forced the government to extend ITR filing deadline.
Read More
Faceless, seamless, painless I-T reform has potential to put India at the
Updated : 5 years, 10 months ago IST
New Delhi [India], August 14 (ANI): The launch of the new platform to strengthen efforts of reforming and simplifying India's tax system by the prime minister reiterates the Government resolve towards a transparent tax administration and create an environment where the honest are not harasse
Read More
Scrutiny of tax returns has been cut to one-fourth after reforms: PM Modi
Updated : 5 years, 11 months ago IST
New Delhi [India], Aug 13 (ANI): The scrutiny of tax returns has been reduced to one-fourth due to radical reforms introduced by authorities in recent months, said Prime Minister Narendra Modi on Thursday and asserted that taxpayers should be trusted in compliance matters.
Read More
IT Department searches premises of Chinese entities
Updated : 5 years, 11 months ago IST
New Delhi [India], Aug 11 (ANI): Based on credible information regarding Chinese individuals and their associates being involved in money laundering and hawala, the Income Tax Department on Tuesday carried out searches on the premises of Chinese entities, their confederates and some bank emp
Read More
Govt extends due date for filing Income Tax Returns till September 30 for
Updated : 5 years, 11 months ago IST
New Delhi [India], July 30 (ANI): In view of the constraints due to the COVID-19 pandemic and to further ease compliances for taxpayers, Central Board of Direct Taxes (CBDT) extends the due date for filing of Income Tax Returns for FY 2018-19(AY 2019-20) from July 31 to September 30, 2020, a
Read More
UP govt urges I-T department, ED to probe Vikas Dubey's close aide Jay Vaj
Updated : 5 years, 11 months ago IST
Lucknow (Uttar Pradesh) [India], July 28 (ANI): Uttar Pradesh government has requested Income Tax Department and Enforcement Directorate (ED) to probe into the "illegally accumulated" properties of Jai Vajpayee - a close associate of slain gangster Vikas Dubey.
Read More
PTC India Financial Services to get tax refund of Rs 135 cr
Updated : 5 years, 11 months ago IST
New Delhi [India], July 27 (ANI): PTC India Financial Services said on Monday that the Income Tax Department has processed its return of income for the assessment year 2019-20 (financial year 2018-19) and determined a refund of Rs 134.91 crore.
Read More
Late coffee baron Siddhartha routed Rs 2,693 crore from Coffee Day to anot
Updated : 5 years, 11 months ago IST
Bengaluru (Karnataka) [India], July 25 (ANI): A year-long probe by Coffee Day Enterprises Ltd (CDEL) has found that its late founder V G Siddhartha routed Rs 2,693 crore out of the company to Mysore Amalgamated Coffee Estates Ltd (MACEL), another privately-owned entity of him.
Read More
Finance Minister Sitharaman lauds IT Department for being responsive to pe
Updated : 5 years, 11 months ago IST
New Delhi [India], July 24 (ANI): Union Finance Minister Nirmala Sitharaman lauded the IT Department "for being responsive to people" as the Central Board of Direct Taxation (CBDT) observes 160th Income Tax day towards nation-building.
Read More
CBDT, MoMSME sign MoU over data sharing
Updated : 5 years, 11 months ago IST
New Delhi [India], July 20 (ANI): A Memorandum of Understanding (MoU) was signed on Monday between the Central Board of Direct Taxes (CBDT) and the Ministry of Micro, Small and Medium Enterprises (MoMSME) for sharing of data.
Read More
Over 7,000 income tax cases disposed of through faceless assessment system
Updated : 5 years, 11 months ago IST
New Delhi [India], July 19 (ANI): The Income Tax department has disposed of as many as 7,000 cases under the first phase of the faceless assessment system, a highly placed source in the Finance Ministry said on Sunday.
Read More