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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.

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Income tax dept Delhi recruitment 2019: Fresh vacancies, last date March 31 - Here is how to apply

Income tax dept Delhi recruitment 2019: Fresh vacancies, last date March 31 - Here is how to apply

Wed, Mar 13, 2019

Income tax dept Delhi recruitment 2019: Office of the Principal Chief Commissioner of Income Tax, Delhi, has issued a recruitment notification for Stenographer, MTS, Income Tax Inspector and other posts.

Demonetisation: Income Tax department begins final assessment of 87,000 suspicious deposit cases

Demonetisation: Income Tax department begins final assessment of 87,000 suspicious deposit cases

Thu, Mar 07, 2019

These cases, officials said, are also known as those pertaining to suspicious deposits of huge amounts or amounts not in conformity with the transaction history of the entity, post the demonetisation decision announced by Prime Minister Narendra Modi on November 8, 2016.

How to pay your tax using online mode? This step by step 10 point tax guide will help you through process

How to pay your tax using online mode? This step by step 10 point tax guide will help you through process

Wed, Mar 06, 2019

You can easily pay income tax online in India and the process has been explained below. Among the major benefits of e-payment is that it is time saving, simple, safe and this facility can be used at any time from anywhere. Simply put, e-payment saves time and effort.

Have cash? Don't do this; Income tax department has a message for you

Have cash? Don't do this; Income tax department has a message for you

Sat, Mar 02, 2019

In the last few years, Income Tax Department has tightened the noose around illegal transactions, black money and tax evaders.

Income tax return crackdown against defaulter: In rare move, this man arrested in Karnataka

Income tax return crackdown against defaulter: In rare move, this man arrested in Karnataka

Wed, Feb 13, 2019

The Income Tax Department has invoked a rarely used power and arrested a Karnataka-based businessman for alleged tax default of about Rs 12 crore, a senior official said Tuesday.

Income Tax department to soon decide on startups to be exempt from angel tax

Income Tax department to soon decide on startups to be exempt from angel tax

Thu, Feb 07, 2019

The meeting comes against the backdrop of various startups raising concerns on notices sent to them under Section 56(2) of I-T Act to pay taxes on angel funds.

Income Tax Return (ITR) filing: Beware of fraudsters! A Phishing scam near you? Know how to save your claims

Income Tax Return (ITR) filing: Beware of fraudsters! A Phishing scam near you? Know how to save your claims

Fri, Jan 25, 2019

There are some 7 forms depending upon your income and other sources, is needed to be filled as a part of ITR.

Income Tax Return Alert! Tax evaders beware! CBDT finds out who is not paying tax via this secret system; check now

Income Tax Return Alert! Tax evaders beware! CBDT finds out who is not paying tax via this secret system; check now

Wed, Jan 23, 2019

The CBDT is using data analytics via the Non-filers Monitoring System (NMS) to identify and monitor persons who enter into various transactions and have potential tax liabilities.

Vested interests behind 'harassment of taxpayers' charge: CBDT

Vested interests behind 'harassment of taxpayers' charge: CBDT

Tue, Jan 22, 2019

CBDT on Monday clarified that there had been no mass harassment by the Income Tax Department as it had filed only 1,400 prosecutions during the current fiscal for various offences under the Income Tax Act.

Registry alert! Income Tax trouble may hit you soon if you've paid over Rs 20k in cash for property purchase in Delhi

Registry alert! Income Tax trouble may hit you soon if you've paid over Rs 20k in cash for property purchase in Delhi

Sun, Jan 20, 2019

You may soon receive a notice from the Income Tax Department if you have made a cash transaction of Rs 20,000 and above while dealing in property in Delhi.

Beware Taxpayers! Fraudsters may fool you with fake refund messages; know how to have safe ITR filing

Beware Taxpayers! Fraudsters may fool you with fake refund messages; know how to have safe ITR filing

Tue, Dec 18, 2018

Even though every employee is liable to pay a certain part of his or her salary or income from other sources, to the Income Tax Department, there are certain methods through which the taxpayers can claim some amount from the tax paid.

Direct Tax Collection stands at Rs 6.75 lakh crore in November 2018; personal tax rises by 16%

Direct Tax Collection stands at Rs 6.75 lakh crore in November 2018; personal tax rises by 16%

Wed, Dec 12, 2018

According to IT department, Net collections (after adjusting for refunds) have increased by 14.7% to Rs 5.51 lakh crore during April - November, 2018.

Start-ups in India set to get Income-Tax dept, DIPP booster shot

Start-ups in India set to get Income-Tax dept, DIPP booster shot

Thu, Nov 01, 2018

The Department of Industrial Policy and Promotion (DIPP) is working with the tax department and regulators to ease the rules and laws for startups to support budding entrepreneurs, a top government official said.

Manual forms for income tax exemptions to be made electronic

Manual forms for income tax exemptions to be made electronic

Tue, Oct 30, 2018

The government on Monday proposed doing away with manual filing of application forms seeking exemption of tax on incomes received by a person on behalf of any other fund, university, educational institution, hospital, trust or any other institution.

Alert! Income Tax dept warns about Vijay Mallya shares; this is what it wants you to do

Alert! Income Tax dept warns about Vijay Mallya shares; this is what it wants you to do

Thu, Oct 25, 2018

The Income Tax Department on Thursday cautioned the public against buying over 41-lakh equity shares of fugitive liquor baron Vijay Mallya in his company the Debt Recovery Tribunal-II has put up for sale through e-auction on October 30, an official said.

Modi govt plan: Soon, beat queues at airports, railway stations, highways; Here's how

Modi govt plan: Soon, beat queues at airports, railway stations, highways; Here's how

Tue, Oct 16, 2018

Everybody wants to have a hasslefree experience at busiest places like railway stations and airports. Soon, this may become possible for a certain set of people if a reported Modi government's plan is to be believed.

Income Tax alert: TDS cut but not paid to government? Here's why you shouldn't worry

Income Tax alert: TDS cut but not paid to government? Here's why you shouldn't worry

Tue, Oct 16, 2018

A taxpayer whose company went bankrupt, filed his return of income for assessment year 2012-13 on July 31, 2012, that is, within the applicable due date. During the relevant period, the company had deducted Tax at Source (TDS) totalling to Rs 2.68 lakh from the salary payments made to the taxpayer.

Income Tax searches launched on 44 premises of builders in Rajkot

Income Tax searches launched on 44 premises of builders in Rajkot

Wed, Sep 26, 2018

On Wednesday, Income Tax department officials searched around 44 premises of three construction firms and a finance firm in Gujarat's Rajkot city.

ITR filing: For whom is E-filling of Income Tax Return compulsory?

ITR filing: For whom is E-filling of Income Tax Return compulsory?

Wed, Aug 29, 2018

ITR filing: The last date for filing income tax return is August 31. if you have filed by now, you can rest easy. Others should be a worried lot. With so much importance being given to e-filing, here is a basic question answered for those who are still confused.

Income Tax Returns filing: Taxable or not? PF and Gratuity to salary arrears, check if you need to pay tax

Income Tax Returns filing: Taxable or not? PF and Gratuity to salary arrears, check if you need to pay tax

Wed, Aug 29, 2018

Income Tax Returns filing: Tax paying season is finally drawing to an end and most taxpayers have dutifully filed their returns. Those who have not, should do so immediately as the last date is August 31 and if they don't, then an amount of Rs 5000 or 10000 can be imposed on them.

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