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Income Tax Department

PAN Aadhaar Link: 17 crore cards may become useless if this Income Tax Department's instruction is not followed

PAN Aadhaar Link: 17 crore cards may become useless if this Income Tax Department's instruction is not followed

Thu, Mar 19, 2020

PAN Aadhaar Link: The Income Tax Department has said that it is mandatory to link your PAN and Aadhaar cards before 31st March, 2020.

Aadhaar PAN Link: Your card may become useless after 31st March; do this or face trouble

Aadhaar PAN Link: Your card may become useless after 31st March; do this or face trouble

Tue, Mar 17, 2020

Aadhaar PAN Link: If you don't do PAN Aadhaar link by 31st March 2020, it will become inoperative from the next financial year.

Want free PAN Card in just 10 minutes? Here is how it's possible

Want free PAN Card in just 10 minutes? Here is how it's possible

Sat, Mar 07, 2020

PAN Card Link In Aadhaar: Income Tax Department has launched a new facility that allows Aadhaar Card holder to get instant PAN Card without any charges.

TRENDING NOW

Income Tax department seizes Rs 130 crore post-demonetisation

Income Tax department seizes Rs 130 crore post-demonetisation

Tue, Dec 06, 2016

The Income Tax Department has carried-out swift investigations in more than 400 cases.

CBDT detects over 30 tax irregularity cases, seizes over Rs130 crore

CBDT detects over 30 tax irregularity cases, seizes over Rs130 crore

Tue, Dec 06, 2016

Detecting ‘serious’ irregularities while disclosing income, the Central Board of Direct Taxes (CBDT) on Tuesday said that over 30 such cases have been reported to the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED).

Demonetisation: I-T conducts raids in Delhi, Mumbai, other cities

Demonetisation: I-T conducts raids in Delhi, Mumbai, other cities

Thu, Nov 10, 2016

Finance Minister Arun Jaitley today assured people that taxman will not hound those making small deposits.

Deposits above Rs 2.5 lakh to face tax, 200% penalty on mismatch

Deposits above Rs 2.5 lakh to face tax, 200% penalty on mismatch

Thu, Nov 10, 2016

Further dangling the stick, government on Wednesday warned that cash deposits above Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200% penalty in case of income mismatch.

CBDT asks taxmen to ensure revenue collection targets are met

CBDT asks taxmen to ensure revenue collection targets are met

Mon, Oct 31, 2016

CBDT has asked taxmen to pull up their socks to ensure targeted revenue collection targets are met as the figures till September show a shortfall of an estimated over Rs 14,000 crore.

Benami Act to come into effect from November 1; here’s what you need to know

Benami Act to come into effect from November 1; here’s what you need to know

Sat, Oct 29, 2016

The Benami Act that seeks to give the government powers to confiscate ‘benami’ properties will come into effect from November 1, the Income Tax department said on Friday.

Govt's income tax earning grew over 50% in past two years

Govt's income tax earning grew over 50% in past two years

Thu, Oct 27, 2016

For the AY 2012-2013, the data was already available on the public domain.

Income Tax Dept changes PAN rules for automobile sales above Rs 2 lakh

Income Tax Dept changes PAN rules for automobile sales above Rs 2 lakh

Wed, Oct 19, 2016

The Directorate of Income Tax (Intelligence and Criminal Investigation) conducted a seminar on Tuesday on quoting of permanent account number (PAN) in respect of transactions of sale or purchase of automobiles above Rs 2 lakh and furnishing of statement of financial transaction in case of receipt

Black Money: Public meets, social media, Nukkad Nataks behind IDS success

Black Money: Public meets, social media, Nukkad Nataks behind IDS success

Sun, Oct 02, 2016

Over 5,500 public meetings, social media campaign on Talkathons and Nukkad Nataks along with threat of prosecution prompted over 64,000 blackmoney holders to declare unaccounted wealth under four-month disclosure window that would make the exchequer richer by over Rs 29,000 crore.

Black Money: CAG may audit IDS, not individual declarations

Black Money: CAG may audit IDS, not individual declarations

Sun, Oct 02, 2016

The Comptroller and Auditor General of India (CAG) may audit the just ended black money disclosure scheme for the process followed and how well it performed, but will not get into the disclosures made.

Income Tax department directs taxpayer to hurry up as IDS window deadline nears

Income Tax department directs taxpayer to hurry up as IDS window deadline nears

Sun, Sep 11, 2016

The Income Tax Department on Sarturday directed the people involved with blackmoney to clear their taxes under the Income Declaration scheme as only 20 days left for the window to close for declaration.

Income Tax dept to 'name & shame' chronic crorepati defaulters

Income Tax dept to 'name & shame' chronic crorepati defaulters

Tue, Aug 30, 2016

While the earlier exercise was restricted to people with huge defaults to the tune of about Rs 10-20 crore.

Income Tax dept seizes undisclosed assets worth Rs 1,400 crore from 990 assessees

Income Tax dept seizes undisclosed assets worth Rs 1,400 crore from 990 assessees

Tue, Aug 09, 2016

Undisclosed assets worth Rs 1,474 crore was seized by the Income Tax Department from 990 assessee groups in the past two years. Total amount of undisclosed income by assessees was Rs 21,354 crore.

Nine measures taken by government to curb black money

Nine measures taken by government to curb black money

Sat, Jul 30, 2016

Government has taken various measures such as policy-level initiatives, more effective enforcement action on the ground; putting in place robust legislative and administrative frameworks, systems and processes with due focus on capacity building, and integration of information and its mining through appropriate use of information technology.

Why you should e-file tax returns for FY2015-16

Why you should e-file tax returns for FY2015-16

Wed, Jul 20, 2016

However, there is a big gap in the information about income taxes. The new generation doesn’t have enough knowledge on how to approach income tax return e-filing. Many don’t even know if they are supposed to e-file their returns or not. Well, that’s one subject of ambiguity that we’re here to solve.

Tax Collected at Source to be levied above Rs 2 lakh only if payment in cash: CBDT

Tax Collected at Source to be levied above Rs 2 lakh only if payment in cash: CBDT

Mon, Jun 27, 2016

The Income Tax Department has been levying 1% TCS on cash purchase of bullion in excess of Rs 2 lakh and jewellery in excess of Rs 5 lakh.

Income Tax Dept gives four months to declare undisclosed income

Income Tax Dept gives four months to declare undisclosed income

Mon, May 16, 2016

The Income Tax Department has given four months period for people to declare their undisclosed incomes and pay tax on it.

Income Tax Department refunded Rs 1.22 lakh crore last year

Income Tax Department refunded Rs 1.22 lakh crore last year

Fri, May 06, 2016

The Income Tax department has issued 2.10 crore refunds totalling over Rs 1.22 lakh crore in 2015-16, which saw 94 per cent the returns being filed online.

I-T department issued over 2.76 crore PAN cards to individuals in FY14

I-T department issued over 2.76 crore PAN cards to individuals in FY14

Sat, Apr 30, 2016

2.6 crore people filed income taxes in calender year 2012-13.

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