Tax department

Tax department issues 2.10 crore tax refunds

Tax department issues 2.10 crore tax refunds

The Centralised Processing Centre (CPC) processed 4.70 crore tax returns between April 2019 and November 28

E-assessment: How to file a reply to ITR scrutiny notices issued by the tax department

E-assessment: How to file a reply to ITR scrutiny notices issued by the tax department

The finance minister, Nirmala Sitharaman while presenting the Union budget in July 2019 stated that the new scheme of e-assessment would ...Read More

Tax department kicks off e-assessment with 58,000 cases

Tax department kicks off e-assessment with 58,000 cases

Revenue Secretary A.B. Pandey inaugurated the National e-Assessment Centre (NeAC), saying the move was aimed at moving to faceless scruti...Read More

PAN-Aadhar Linking: Non linked PAN cards to become inoperative after September 30 deadline

PAN-Aadhar Linking: Non linked PAN cards to become inoperative after September 30 deadline

The PAN number essentially helps the tax department to identify the person or company in a transaction. Currently, under Section 139AA (2...Read More

2 percent TDS on cash withdrawals of over Rs 1 crore from September 1: Tax department

2 percent TDS on cash withdrawals of over Rs 1 crore from September 1: Tax department

Govt had made the provision of levying 2 pc TDS on cash withdrawals exceeding Rs 1 cr in the Budget with aim to discourage cash transactions

After PM Modi's warning to taxmen, CBDT to attach DIN to each communication from October 1

After PM Modi's warning to taxmen, CBDT to attach DIN to each communication from October 1

After Prime Minister Narendra Modi's announcement that taxmen who harass honest taxpayers will be punished, on Wednesday the Central Boar...Read More

Bhopal: Ahead of Cabinet meet, CM Kamal Nath scraps proposal of opening Ahatas

Bhopal: Ahead of Cabinet meet, CM Kamal Nath scraps proposal of opening Ahatas

Nath, reprimanding the officers of commercial tax department said how could we only think of revenue collection

All you need to know about the new Income Tax rules

All you need to know about the new Income Tax rules

Tightening the screws around tax evaders, the revised guidelines issued by the tax department has made serious offences of black money an...Read More

Opt for GST composition scheme by April 30: CBIC

Opt for GST composition scheme by April 30: CBIC

New Delhi: The tax department has given service providers with turnover of up to Rs 50 lakh time till April 30 to opt for the composition...Read More

Indore: CT minister to hold meetings with officers, traders

Indore: CT minister to hold meetings with officers, traders

Indore: Excise, registration and commercial tax minister Brijendra Singh Rathore will arrive in city on Tuesday night. On Wednesday and T...Read More

Indore: I-T searches at dry fruit, plywood firms

Indore: I-T searches at dry fruit, plywood firms

Indore: In a major crackdown to unearth tax evasion, the investigation wing of the Income-Tax department launched search operations at th...Read More

placeholder

Yes Bank shares crash 29%, loses over Rs 22k-cr in market-cap

Mumbai : Private sector lender Yes Bank’s shares tumbled nearly a third on Friday, wiping around Rs 22,374 crore ($3.1 billion) off its m...Read More

placeholder

SIT on black money reviews cryptocurrencies; directs clampdown

New Delhi : The Special Investigation Team (SIT) on black money has asked probe agencies to check and curb the use of cryptocurrencies as...Read More

placeholder

I-T to attach shares if Cairn doesn’t pay Rs 10,395 crore retrospective tax demand

New Delhi : The tax department has slapped a fresh notice on UK’s Cairn Energy Plc seeking to take over the firm’s residual 9.8 per cent ...Read More

placeholder

Indore: CT sleuths raid Chinese electrical goods importers’ premises

Indore: Anti-evasion team of commercial tax department on Wednesday raided establishments of two Chinese electrical goods importers. Acco...Read More

placeholder

CBDT set to waive interest if tax demand paid in retro cases

New Delhi : The tax department will waive interest liability if the principal demand of capital gains tax is paid by companies like Cairn...Read More

placeholder

Cairn liable to pay `10,247 cr capital gains tax: ITAT

New Delhi : Tax tribunal ITAT as upheld levy of Rs 10,247 crore capital gains tax on UK’s Cairn Energy Plc but has held that interest can...Read More

I-T attaches benami assets linked to Kejriwal minister

I-T attaches benami assets linked to Kejriwal minister

New Delhi : The Income Tax department has provisionally attached ‘benami assets’ allegedly linked to Delhi Health Minister Satyender Jain...Read More

placeholder

I-T dept to launch 2nd phase of bank a/cs scrutiny next month

New Delhi : The I-T department is likely to launch the second phase of ‘Operation Clean Money’ next month to close in on unaccounted mone...Read More

GAAR to become effective from April 1, says Tax Dept

GAAR to become effective from April 1, says Tax Dept

It will be implemented in a uniform, fair and rational manner, says CBDT

Free Press Journal

www.freepressjournal.in