Tue, Jan 14, 2025
Securities Transaction Tax (STT) collection, which is also a component of direct tax, surged by as much as 75 per cent to Rs 44,500 crore during this period compared to Rs 25,415 crore in the corresponding period of the previous year.
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Tue, Dec 31, 2024
Through a circular, the Central Board of Direct Taxes (CBDT) extended the due date for determining the amount payable under the VsV scheme to January 31, 2025, from December 31, 2024.
Tue, Nov 26, 2024
This will be an upgrade of the current PAN/TAN 1.0 ecosystem, consolidating the core and non-core PAN/TAN activities as well as the PAN validation service.
Wed, Jun 05, 2019
This Form is meant for citizens, companies, entities staying and formed within India.
Tue, Jun 04, 2019
According to section 269ST of Income Tax Act, no person shall receive an amount of Rs 2 lakh or more from a person in a day.
Mon, Jun 03, 2019
The system and tax formulation is different when it comes to winning money from lotteries, races, bets etc.
According to the Income-Tax department, a senior citizen is defined as someone whose age is 60 years but less than 80 years during the respective year.
Tue, May 28, 2019
Form ITR5 is for taxpayers other than individuals, Hindu Undivided Family, companies and persons filing Form ITR-7.
Wed, May 15, 2019
Income Tax Dept has appointed only two entities namely NSDL e-Governance Infrastructure Limited and UTI Infrastructure Technologies Services Limited for the purpose of receiving and processing of PAN applications.
Tue, May 14, 2019
In this segment of Money Guru, Know what to do after getting notice from Income Tax Department.
Mon, May 13, 2019
IT Dept. gets strict on it's work target for future. Watch this video to know more.
Fri, Apr 19, 2019
The income tax department on April 18 proposed change in the methodology for taxing multinational companies, including digital firms, having permanent establishment in India by giving weightage to factors like domestic sales, employee strength, assets and user base.
Wed, Apr 17, 2019
The Income Tax department has notified changes in Form 16 that requires more details about deductions under tax saving schemes, investment in tax saving schemes and income from other sources. The amended form will come into effect from May 12, 2019.
Wed, Apr 10, 2019
Interest income from bank fixed deposits is considered as a taxable income, on which tax deducted at source (TDS) is applicable.
Tue, Apr 09, 2019
Income Tax Department officials on Tuesday raided in four states of the country. Watch this video to know more.
BJP leader Mukhtar Abbas Naqvi has slammed Congress on IT raids conducted in 4 states.
Fri, Apr 05, 2019
Revenue officials are chasing huge tax collection deficit. To maximise collections by year end Income Tax Department will resort to deducting money directly from your bank account to fill a gap of thousands of crores.
Sun, Mar 31, 2019
Income Tax Department Project Insight: Social Media may soon come under the eyes of the Income Tax Department of India, to grab tax thieves and defaulters in the country.
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.
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.
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.
Sat, Mar 02, 2019
In the last few years, Income Tax Department has tightened the noose around illegal transactions, black money and tax evaders.
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.
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