The I-T department is planning to include information available on social media under its Project Insight from 2017-18 onwards and spenders flaunting high-value gadgets on social networking platforms will come under government scanner.
CBDT has asked tax officials to pull up their socks to ensure targeted revenue collection targets are met as the figures till September show an estimated shortfall of over Rs 14,000 crore.
In order to extend the working hours on the last day of Income Declaration Scheme to receive declarations under the one-time domestic black money window, the Central Board of Direct Taxes (CBDT) on Wednesday asked
Black money holders who have disclosed their ill-gotten assets during July under the ongoing black money compliance scheme will receive acknowledgement by the tax department by August 30. After government’s extension to extended the
New Delhi: Central Board of Direct Taxes (CBDT) has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the payment for certain goods
New Delhi: Central Board of Direct Taxes (CBDT) has directed the Income Tax department to step up publicity of the ongoing one-time blackmoney compliance window by advertising it at posh markets, clubs and showrooms and
Aimed at reducing the number of tax disputes India is involved in with top multi-national companies, the government is now looking to expedite the resolution process and do so aggressively.
New Delhi: Aiming to reduce the compliance burden, revenue department today said appeals before Income Tax Commissioner should be filed in electronic format by those assessees who e-file their returns.Electronic filing of appeals along with
New Delhi: The Central Board of Direct Taxes (CBDT) has notified use of emails as the new mode of communication between the taxman and taxpayers, as part of the government's e-initiative to reduce human interface
New Delhi: The Income Tax department will roll out next week its 'pilot' project to conduct scrutiny assessment in an e-environment when they begin sending queries through email to 500 "select" taxpayers without calling them
New Delhi: Government on Thursday said it received an amount of Rs 3,770 crore from 638 declarations under the one-time black money compliance window that closed on Wednesday."638 number of declarations have been received under
New Delhi: Taking a tough stance against black money, the CBDT has directed the Income Tax department to mandatorily launch court cases against people found to be holding stash funds and tainted assets abroad and
New Delhi: The Central Board of Direct Taxes (CBDT) is looking for a way to come up with a mobile app that is likely to let users check their tax account .Users can use this
New Delhi: Just 17 individuals have a whopping Rs 2.14 lakh crore as outstanding tax arrears, with each of them owing more than Rs 1,000 crore.This is more than double the amount of total tax
New Delhi: The Income Tax department has launched a e-filing link on its official website for declaring illegal foreign assets and black money using the one-time compliance window notified recently by government."The link has been
New Delhi: The Income Tax department has launched a drive with the aim of bringing one crore new taxpayers under its net, after the government recently asked the taxman to achieve the target within the
New Delhi: Finance Ministry on Tuesday dismissed some media reports on the new blackmoney law as "surmises" and asked people to address queries directly to the revenue department.Without specifying the reports, the Ministry said that
New Delhi: The CBDT has rejigged a special committee formed to secure confidential tax data and initiate a check on instances of black money as part of mutual exchange of information with US authorities under
New Delhi: With the new Income Tax Return (ITR) forms being recently notified for assessment year 2015-16, filers can do an easy check of their annual tax liability on a new computer-based ‘calculator' launched by
New Delhi: Seeking to allay concerns of taxpayers, CBDT has asked them not to get terrorised by threats of their cases being wilfully chosen for "scrutiny" by the taxman as the procedure is fully electronic
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