Search For "income"
Debasish Biswas receives 'Tenzing Norgay National Award'
Updated : 8 years, 7 months ago IST
New Delhi [India], Aug 30 (ANI): Assistant Commissioner of Income Tax Debasish Biswas, presently posted at Patna has been awarded the prestigious Tenzing Norgay National Award for Adventure, 2015 by the President Pranab Mukherjee.
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CBDT notifies protocol for amendment of trade between India, Mauritius
Updated : 8 years, 7 months ago IST
New Delhi [India], Aug 29 (ANI): The Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains between India and Mauritius was signed by both countries on 10th May, 2016.
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USIBC concludes 'Agriculture Modernization Mission to India'
Updated : 8 years, 7 months ago IST
New Delhi, Aug 25 (ANI): The US-India Business Council (USIBC) has concluded a Food and Agriculture Executive Mission to India with a focus on ways to increase farmer income and productivity through mechanization and modernization techniques as well as ways that industry in both the US and I
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SC grants interim stay on IT department's decision to impose 20 pct t
Updated : 8 years, 7 months ago IST
New Delhi, Aug.22 (ANI): The Supreme Court on Monday issued a notice to the Department of Income Tax to explain the necessity of imposing an additional 20 percent tax on hotel room tariffs as rent.
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CBDT releases new Version 2.0 of IT return statistics for Assessment Year
Updated : 8 years, 7 months ago IST
New Delhi, Aug.19 (ANI): The Central Board of Direct Taxes had proactively released data relating to direct tax collections, PAN allocation and distribution of income in the returns for AY 2012-13 earlier in April, 2016.
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Approval for eligible projects under Section 35AC of IT Act only till Dec.
Updated : 8 years, 7 months ago IST
New Delhi, Aug.19 (ANI): The Department of Income Tax has said that requests received after December 31, 2016 for grant, modification and extension of approval for eligible projects or schemes under Section 35AC of the Income Tax Act, 1961 beyond March 31, 2017 shall not be considered or ent
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CBDT issues fresh FAQ for 'Income Declaration Scheme'
Updated : 8 years, 7 months ago IST
New Delhi, Aug 18 (ANI): The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets.
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NIA registers 'preliminary inquiry' into J-K bank accounts showi
Updated : 8 years, 7 months ago IST
New Delhi, Aug. 17 (ANI): The National Investigation Agency (NIA) on Wednesday said certain bank accounts in Jammu and Kashmir have seen huge transaction of funds in the last few months despite the fact that these accounts are in names of persons, whose income doesn't warrant such banki
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Entrepreneur Nigel Eastwood, NEDF announce charitable runs in North East
Updated : 8 years, 7 months ago IST
Guwahati (Assam), Aug.17 (ANI-Newsvoir): Nigel Eastwood, a highly acclaimed technology investor and international entrepreneur with strong ties to the North East will run four half marathons to raise funds to directly support local entrepreneurs, raise awareness of the Income Tax Department&
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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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Handloom artists in Manipur seek more exposure
Updated : 8 years, 7 months ago IST
Manipur, Aug. 14 (ANI): Manipuri households are generally engaged in making handicrafts and handloom products. It has set a tradition that is rapidly becoming a source of income for many craftsmen in the state. Cooperative society in Manipur has been working aggressively to promote handloom
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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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