Government sets target to add one crore more Income Tax payers this year New Delhi: Government targets adding one crore new income tax payers in the current financial year, Minister of State for Finance Jayant Sinha said today. “The government has set a target of adding one crore new Income tax payers during the financial year 2015-16. The said target has been further … [Read more...] about Government sets target to add one crore more Income Tax payers this year
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Income Tax - Central Government Employees
Income Tax Department issued an Advisory on Phishing, Fraudulent Refund E-mail
Income Tax Department issued an Advisory on Phishing, Fraudulent Refund E-mail Taxpayers are requested not to respond to any email or any type of communication sent to them requesting them to furnish their personal particulars such as Bank account details, passwords, OTP etc. purported to be from the Income Tax Department. The Income Tax Department does not seek any such … [Read more...] about Income Tax Department issued an Advisory on Phishing, Fraudulent Refund E-mail
Central Government setup a committee to simplify the provisions of the Income Tax Rules
Central Govt setup a committee to simplify the provisions of the Income Tax Rules Government Sets-Up A Committee to Simplify The Provisions of The Income Tax Act, 1961 The Government of India has constituted a Committee with a view to simplify the provisions of the Income Tax Act, 1961, with the following composition: (i) Justice R.V. Easwar, (Retd.), former Judge, Delhi … [Read more...] about Central Government setup a committee to simplify the provisions of the Income Tax Rules
Income Tax: Creation of name based Email IDs for PAN users
Income Tax Business Application (ITBA) new module for PAN Users by creating their own name based email ids. ITBA Instruction No. 7 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2,Jhandewalan Extension, New Delhi-110055 F.No.System/TBA/Instruction/14-15/144/4247 Dated: 09/10/2015 To The Principal Chief Commissioners of Income-tax/ CCsIT/ Pr … [Read more...] about Income Tax: Creation of name based Email IDs for PAN users
Grand Success of Income Tax Employees Strike held on 8.10.2015 – JCA Circular
Grand Success of Income Tax Employees Strike held on 8.10.2015 – JCA Circular JOINT COUNCIL OF ACTION INCOME TAX EMPLOYEES FEDERATION & INCOME TAX GAZETTED OFFICERS’ ASSOCIATION A-2/95, Manishinath Bhawan, Rajouri Garden, New Delhi-110 027 Joint Convenors : Rupak Sarkar 08902198000 [email protected] Bhaskar … [Read more...] about Grand Success of Income Tax Employees Strike held on 8.10.2015 – JCA Circular
Tax Payers: No Extension in Due Date of Filing of Returns and Audit Report; Due Date Continues to be 30th September, 2015
No Extension in Due Date of Filing of Returns and Audit Report; Due Date Continues to be 30th September, 2015; Tax Payers and Practitioners are Advised not to give any Credence to any Fake or Fraudulent Order about Extension of Date The Income Tax Department has clarified that circulation of Fake order dated 26.9.2015 for extension of due date for filing of Audit report and … [Read more...] about Tax Payers: No Extension in Due Date of Filing of Returns and Audit Report; Due Date Continues to be 30th September, 2015
NPS returns are market linked – Tax Benefit on NPS
NPS returns are market linked An investor within the scheme has an option to choose funds based on her level of safety and risk in addition to choosing her own fund manager The National Pension System (NPS) has been advertising a lot about the new tax deduction of Rs.50,000 for tax payers. I wanted to know more about the new deduction under section 80CCD(1)(b). Is this … [Read more...] about NPS returns are market linked – Tax Benefit on NPS
Revised Norms of IT Returns; Electronic Verification of Income Tax Returns For A.Y. 2015-16 Introduced
Revised Norms of IT Returns; Electronic Verification of Income Tax Returns For A.Y. 2015-16 Introduced As per rule 12 of the Income-tax Rules, in case of individuals and certain other specified taxpayer, returns may be filed electronically followed by submission of signed paper copy of ITR-Verification form (ITR-V). However, to provide end-to-end enabled services to the tax … [Read more...] about Revised Norms of IT Returns; Electronic Verification of Income Tax Returns For A.Y. 2015-16 Introduced
Taxpayer may verify his return through Internet Banking or through Aadhar based authentication process
Taxpayer may verify his return through Internet Banking or through Aadhar based authentication process Commencement of Electronic Verification of Income Tax Returns for AY 2015-16 To facilitate the taxpayers and to provide end-to-end e-enabled services, the Income Tax Return for A.Y. 2015-16 can now be verified electronically. A taxpayer may verify his return through … [Read more...] about Taxpayer may verify his return through Internet Banking or through Aadhar based authentication process
Service Charges Collected by Restaurants/Hotels/Eateries Retained by the Restaurants/Hotels/Eateries and are Not ‘Service Tax’ Imposed by the Government
Service Charges Collected by Restaurants/Hotels/Eateries Retained by the Restaurants/Hotels/Eateries and are Not ‘Service Tax’ Imposed by the Government Ministry of Finance Press Information Bureau Government of India 14-July, 2015 Some restaurants/hotels/eateries besides charging for the food and beverages are also charging ‘service charges’ in their bills. The proceeds … [Read more...] about Service Charges Collected by Restaurants/Hotels/Eateries Retained by the Restaurants/Hotels/Eateries and are Not ‘Service Tax’ Imposed by the Government
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