I-T lens on foreign accounts of NRIs as govt tightens noose on money-laundering
July 14, 2017 16:39 ISTTax authorities have added a fresh provision in the Income Tax Return forms that will require NRIs to furnish details of all offshore accounts
Tax authorities have added a fresh provision in the Income Tax Return forms that will require NRIs to furnish details of all offshore accounts
The new SAHAJ form also requires reporting of cash deposited in a bank account from November 9 last year to December 30, 2016 if the taxpayers deposited Rs. 2,00,000 or more during the demonetisation period
CBDT has constituted a special team of officers to prepare rules for new system of jurisdiction-free I-T assessment.
More trouble is likely for former finance minister P Chidambaram and son Karti as the Central Board of Direct Taxes (CBDT) is likely to initiate a probe into the reported irregularities in foreign investment approval for INX Media in 2007
Sacked Delhi minister Kapil Mishra will today approach the Central Bureau of Investigation (CBI) and Central Board of Direct Taxes (CBDT) to file corruption charges against Delhi Chief Minister Arvind Kejriwal
Income Tax department has sent over 260 requests overseas seeking information in connection with its tax evasion probe in the Panama papers leak case.
The CBDT has refrained tax officials from issuing threat, warning or show-cause notice to taxpayers contacted by it under Operation Clean Money.
The pains involved with getting a permanent account number issued from authorities and the confusing number of procedures that make the exercise of paying taxes seem insurmountable even for an ordinary citizen may soon be a thing of the past.
The Central Board of Direct Taxes (CBDT) has urged the Income-Tax department to ensure an enhanced accountability and probity in the public dealings and see to it that honest and tax compliant people are treated with "dignity and courtesy".
Providing clarity on scrutiny of deposits made in banks post demonetisation, the Central Board of Direct Taxes (CBDT) on Monday said that no questions will be asked about deposits of up to Rs 2.5 lakh
Putting 'bogus' long-term capital gains by 'khoka' companies at Rs 80,000 crore, the tax department today said the levy of long-term capital gains tax on share transfer in unlisted companies is an anti-abuse measure and
Putting 'bogus' long-term capital gains by 'khoka' companies at Rs 80,000 crore, the tax department today said the levy of long-term capital gains tax on share transfer in unlisted companies is an anti-abuse measure and
Announcing that GAAR will be implemented from April 1, the tax department today said it will not interplay with the investors’ right to choose a method of transaction and won't apply if routing of funds
The Central Board of Direct Taxes (CBDT) has extended the deadline for the tax settlement scheme to settle retrospective tax disputes till January 31. The Direct Tax Dispute Resolution Scheme, announced by Finance Minister Arun
To calm the apprehensions in the capital market following Prime Minister Narendra Modi's comments on "fair contribution to nation-building through taxes" last week, the Finance Ministry said there is no move to impose long-term capital
To avoid information leakage, the Central Board of Direct Taxes (CBDT) has asked the officials of Income Tax department to not drag official decisions to social media platforms like Twitter, Facebook and others. The policy-making
The Central Board of Direct Taxes (CBDT) today notified that traders receiving cash worth more than Rs 2 lakh in any single transaction for the sale of goods and services will have to send reports
The Central Board of Direct Taxes has identified an additional 67.54 lakh potential non-filers who carried out high value transactions in 2014-15 but did not file return of income.
According to a report in Indian Express, the poll panel is now all set to delist such parties and it will soon write to the Central Board of Direct Taxes (CBDT) informing it about its decision.
The Central Board of Direct Taxes (CBDT) today cautioned tax payers against misusing the provisions of revised tax returns for past years to pass off their undisclosed income. The CBDT pointed out after the government’s
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