Free Press Journal
  • bombay high court, Maharashtra government, Mumbai, citizens, natural resources,

    Physical settlement in F&O to attract 0.10% STT: CBDT tells Bombay High Court

    Mumbai: The Central Board of Direct Taxes (CBDT) today told the Bombay High Court that 0.10 per cent securities transactions tax (STT) would be levied on physical delivery of shares in the equity derivatives segment. A division bench of justices B R Gavai and M S Karnik had last week sought clarity from the CBDT on the STT rate after the Association of National Exchange Members of India (ANMI) filed a petition claiming

  • Arun Jaitley returns as FM, meets officials

    New Delhi : Union Minister Arun Jaitley on Thursday resumed charge of the ministries of finance and corporate affairs after a nearly 100-day gap during which he underwent a surgery for kidney transplant.

  • Income Tax collections touch record Rs 10.03 L cr

    Guwahati : Income Tax collection in the country stood at a record Rs 10.03 lakh crore during 2017-18, the Central Board of Direct Taxes (CBDT) on Friday said.

  • Indore: 100% scrutiny of I-T return possible after changes in audit report

    Indore: Following the changes made by Central Board of Direct Taxes (CBDT), 100% scrutiny of income tax return will be made of those professionals whose annual income is more than Rs 50 lakh and businessmen whose annual turnover is above Rs 2 crore. The CBDT through a notification on July 23 has introduced harsh provisions with regard to tax audit report.

  • Tax dispute cases to see 37% fall: Goyal

    New Delhi : The amount locked up in tax litigation will come down by Rs 5,600 crore as the government has decided to hike the threshold monetary limit to file appeals in tribunals and courts, Finance Minister Piyush Goyal said on Thursday.

  • maharashtra, maharashtra government, anganwadi, recruitment, anganwadi recruitment, Bombay High Court

    Bombay HC allows 25 people to file tax returns without Aadhaar details

    Mumbai: The Bombay High Court on Friday permitted 25 people to file their income tax returns without their Aadhaar card details. A division bench headed by Justice M S Sanklecha was hearing petitions filed by 25 people, including teachers, architects, journalists and activists, seeking a direction to the Central Board of Direct Taxes (CBDT) and the Income Tax department to accept their ITR forms without their Aadhaar card details.

  • Govt to look into fresh Panama Paper leaks

    New Delhi : The government on Thursday said it is looking into fresh findings under the ‘Panama Paper Leaks’ and law enforcement agencies will conduct investigations in appropriate cases.

  • Centre probing fresh cases of ‘Panama Paper Leaks’

    New Delhi, The government on Thursday confirmed that it is looking into the fresh release made in the media today under ‘Panama Paper Leaks‘. This came after media reports highlighted the presence of over a million more documents, out of which over 10,000 were related to Indians. The Central Board of Direct Taxes (CBDT) confirmed that the case is being promptly looked into by the law enforcement agencies under the aegis

  • I-T department fails to recover dues, writes off huge arrears

    Mumbai : Apparently failing to recover massive tax dues from various corporate taxpayers in the country, the Income Tax Department (ITD) has now started “writing off” thousands of crores of tax arrears by such defaulters, according to RTI replies. This, despite the fact that the department is sitting on a pile of Rs 50,000 crore of tax arrears all over India, according to available figures, with the highest — Rs 33,157.97 crore

  • All 7 ITR forms released for e-filing, says Income Tax Department

    New Delhi: The Income Tax Department today launched and activated all the seven ITR forms for e-filing by taxpayers, after more than a month of them being notified. The Central Board of Direct Taxes had notified the new Income Tax Return forms for the assessment year 2018-19 on April 5.

  • ITR-1 ready for e-filing: IT dept

    New Delhi : The latest ITR-1 form, largely used by the salaried class of taxpayers, has been activated on the official e-filing portal of the Income Tax Department, a senior official said on Tuesday.

  • ITR-1 form for AY 18-19 available for e-filing

    New Delhi: The latest ITR-1 form, largely used by the salaried class of taxpayers, has been activated on the official e-filing portal of the Income Tax Department, a senior official said today. The single Income Tax Return (ITR) form, notified by the CBDT on April 5, has been put on its website, https://www.incometaxindiaefiling.gov.in, yesterday.

  • I-T dept seizes Rs 440 cr Cairn dividend income

    New Delhi : The Income Tax Department has seized a further Rs 440 crore of dividend income due to Cairn Energy to recover a part of the Rs 10,247 crore tax demand it had raised on the British firm using a retrospective tax legislation.