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Black money: IDS counters to be opened till 8 pm today, tomorrow

Black money: IDS counters to be opened till 8 pm today, tomorrow

With two days remaining for the black money disclosure scheme to close, the tax department has decided to keep counters for receiving physical declarations open till 8 pm today (Wednesday) and tomorrow (Thursday).

Black money disclosure window offers no absolution, to yield little cash for govt

Black money disclosure window offers no absolution, to yield little cash for govt

As the four-month campaign draws to a close this week, there looks to be few takers despite a high-profile warning that this is the last chance for tax dodgers to come clean.

Black money disclosure scheme: IDS counters to remain open till mid-night on Sept 30

Black money disclosure scheme: IDS counters to remain open till mid-night on Sept 30

People with undisclosed assets can escape prosecution by coming clean under the Income Disclosure Scheme (IDS).

Income Declaration Scheme: I-T offices to remain open till midnight on Sept 30

Income Declaration Scheme: I-T offices to remain open till midnight on Sept 30

The taxman will undertake a midnight vigil on September 30 as CBDT has directed the Income Tax department to keep their offices country-wide open in order to receive declarations under the domestic black money window - the Income Declaration Scheme (IDS).

CBDT to honour honest taxpayers

CBDT to honour honest taxpayers

 In a novel initiative revived after decades, the CBDT will soon honour lakhs of "honest and compliant" taxpayers from across the country who have paid their Income Tax dues diligently over the years.

Income Declaration Scheme: I-T offices to remain open till midnight on Sep 30

The taxman will undertake a midnight vigil on September 30 as CBDT has directed the Income Tax department to keep their country-wide offices open in order to receive declarations under the domestic black money window - the Income Declaration Scheme (IDS).

Govt extends return filing date for large taxpayers to Oct 17

Revenue Department has extended the date to October 17 for filing of tax returns by assesses who are required to submit audited accounts in view of the ongoing income declaration scheme (IDS-2016).

CBDT launches online 'nivaran' to resolve I-T grievances

CBDT launches online 'nivaran' to resolve I-T grievances

CBDT has launched the ambitious 'e-nivaran' facility for online redressal of taxpayers' grievances related to refunds, ITRs and PAN among others as part of its initiative to reduce instances of harassment of the public when it comes to complaints related to the I-T department.

Govt gives declarants option to come up with undisclosed income through e-filing

Govt gives declarants option to come up with undisclosed income through e-filing

With just four weeks remaining for the black-money disclosure scheme to close, the government has given declarants an option to declare their undisclosed income through electronic filing rather than physical presentation of documents.

I-T dept to 'name and shame' chronic crorepati defaulters

I-T dept to 'name and shame' chronic crorepati defaulters

The I-T department had began publishing the names of tax defaulters in leading national dailies last year and has so far named 67 such big defaulters from across the country.

India in talks with Singapore to amend DTAA provisions: CBDT

India in talks with Singapore to amend DTAA provisions: CBDT

India is renegotiating over a two-decade old tax treaty with Singapore and the revised protocol will take into account the concerns of both.

Banning cash transactions over Rs 3 lakh under consideration: CBDT

Banning cash transactions over Rs 3 lakh under consideration: CBDT

Government is examining SIT's recommendation of banning cash transactions of over Rs 3 lakh in a bid to clamp down on black money in the economy, CBDT Chairperson Rani Singh Nair said Tuesday.

SIT's recommendation of banning cash transactions above Rs 3 lakh under consideration: CBDT

SIT's recommendation of banning cash transactions above Rs 3 lakh under consideration: CBDT

The Central Board of Direct Taxes (CBDT) on Tuesday said that the SIT's recommendation of banning cash transactions of Rs 3 lakh and above is under consideration.

 Blackmoney disclosure:I-T dept not to question valuer's report

Blackmoney disclosure:I-T dept not to question valuer's report

The valuation report from a registered valuer will not be questioned by the income tax department for disclosures made under the domestic black money compliance scheme, the CBDT clarified on Thursday.

CBDT to acknowledge black money declarants by August-end

CBDT to acknowledge black money declarants by August-end

Black money holders who have disclosed their ill-gotten assets during July under the ongoing compliance window will receive acknowledgement from the tax department by August 30.

CBDT issues draft norms for taxing buy back of unlisted shares

Central Board of Direct Taxes (CBDT) Monday came out with draft rules for determining the quantum of distributed income arising out of buy back of shares of unlisted companies for levy of tax.

CBDT prepares 9 lakh special cases; to confront taxpayers

The CBDT on Monday cautioned lurking stash holders saying it has prepared a database of about "nine lakh pieces" of instances of high-value transactions and it will soon "confront" them with this information as part of its exercise to ensure timely declarations under the ongoing one-time black money window.

Issue upto Rs 5,000 refunds fast and quick: CBDT to I-T dept

CBDT has directed the Income Tax department to "expeditiously" issue refunds worth Rs 5,000 for last three assessment years in order to provide immediate relief to taxpayers.

Black money: Income Declaration Scheme is not a seasonal sale, says FM Jaitley

Black money: Income Declaration Scheme is not a seasonal sale, says FM Jaitley

Refusing demands to make the Income Declaration Scheme 2016 more attractive, Finance Minister Arun Jaitley on Thursday said the IDS is "not a seasonal sale".

 

Black money window: CBDT issues notification to ensure secrecy

Black money window: CBDT issues notification to ensure secrecy

CBDT on Monday issued a fresh notification making it clear that information about those who declare their black money under the compliance window, ending September 30, will be kept secret.