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Aadhaar must for ITR filing, new PAN from July 1: CBDT

Aadhaar must for ITR filing, new PAN from July 1: CBDT

If the PAN is cancelled, then a person cannot do his normal banking and financial operations and hence this relief is given.

After CBI, Kapil Mishra takes war against Arvind Kejriwal to CBDT

Sacked Aam Aadmi Party leader Kapil Mishra also alleged that Arvind Kejriwal has been to the office just two times in the last year.

'IT dept sent 266 requests overseas in Panama papers probe'

The Income Tax department has sent over 260 requests overseas seeking information in connection with its tax evasion probe in the Panama papers leak case.

Bank accounts to be blocked if not self-certified by April 30 – Key things you should know

Bank accounts to be blocked if not self-certified by April 30 – Key things you should know

The CBDT has advised all financial institutions that all efforts should be made by them to obtain self-certification.

CBDT introduces e-PAN, issues PAN within a day!

CBDT introduces e-PAN, issues PAN within a day!

The Income Tax department on Tuesday said it has issued Permanent Account Number (PAN) within a day to 19,704 newly incorporated companies till March 31, 2017.

Ban on cash dealings not applicable for bank, post office withdrawals

Ban on cash dealings not applicable for bank, post office withdrawals

Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said on Wednesday.

E-filing for two ITRs launched by I-T dept

E-filing for two ITRs launched by I-T dept

The Income Tax department today launched the e-filing facility for select Income Tax Returns (ITRs) for the assessment year 2017-18.

Disclose deposits of Rs 2 lakh or more post note ban in new ITR forms

Disclose deposits of Rs 2 lakh or more post note ban in new ITR forms

Taxpayers who deposited Rs 2 lakh or more post demonetisation, will have to make this disclosure in the new Income Tax Returns (ITRs) forms notified on Friday.

CBDT to hold review meeting on PMGKY, tax collection on Mar 17

CBDT to hold review meeting on PMGKY, tax collection on Mar 17

The CBDT will hold a high-level meeting later this week to review the progress in collections under the black money window of Pradhan Mantri Garib Kalyan Yojna (PMGKY), that will close on March 31.

206 delisted political parties not traceable: Government

The government today said out of 255 deregistered political parties, as many as 206 are either non-existent or non-traceable.

Fast track prosecution cases against shell companies: CBDT to taxmen

Fast track prosecution cases against shell companies: CBDT to taxmen

As the noose tightens around shell companies evading taxes, the CBDT Chairman has asked field officers to file prosecution cases against those entities which claimed bogus long-term capital gains.

Monitor tax collection to meet target by Mar 31: CBDT to taxman

The CBDT has directed the Income Tax department to "scrupulously" monitor tax collection, which it said is slightly less than the target even as the current financial year is nearing an end.

 Shell companies under our radar: CBDT chief

Shell companies under our radar: CBDT chief

The Central Board of Direct Taxes (CBDT) is examining several dubious companies and they would be removed from the website of Ministry of Corporate Affairs (MCA) if found to be shell firms.

Taxman to scrutinise loan deposits under op 'clean money'

The Income Tax department may initiate penal action and impose an equivalent penalty in select cases of loan amount deposits of Rs 20,000 or more as part of the 'Operation Clean Money' to check stash post demonetisation.

TDS default: I-T dept issues over 850 prosecution notices

The Income Tax department has issued over 850 prosecution notices to firms in the private and government domain in Karnataka and Goa on charges of delay in remitting TDS funds to the exchequer.

Demonetisation: I-T dept to strictly take on depositors of unverified cash over Rs 5 lakh

Demonetisation: I-T dept to strictly take on depositors of unverified cash over Rs 5 lakh

Depositors of cash worth Rs 5 lakh or above, during the demonetisation period, who failed to verify the same will be taken on strictly by the Central Board of Direct Taxes (CBDT)

No amnesty for bank deposits linked to money laundering: CBDT

No amnesty for bank deposits linked to money laundering: CBDT

Any bank account suspected to have been "misused" for money laundering or shell company operations won't be exempted from probe under 'Operation Clean Money' despite having low deposits.

Operation Clean Money: No threat or show cause to taxpayers, CBDT tells taxman

Operation Clean Money: No threat or show cause to taxpayers, CBDT tells taxman

The CBDT on Tuesday asked the taxman to ensure there is no "threat, warning or show cause" notice to taxpayers contacted by it under 'Operation Clean Money' that is aimed at checking black money post-note ban.

 

Know how you can get PAN within minutes, pay taxes via mobile app

Know how you can get PAN within minutes, pay taxes via mobile app

People will soon be able to pay taxes and track their returns through a smartphone app and get a new PAN within minutes using Aadhaar verification.

Online I-T grievance redressal facility launched at 60 offices

Online I-T grievance redressal facility launched at 60 offices

After launching the ambitious e-nivaran facility for online redressal of taxpayers' grievances, the Income Tax Department has now opened these windows at its 60 special offices across the country.