Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017. Press Information Bureau Government of India Ministry of Finance 08-January-2017 18:17 IST Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not … [Read more...] about Pan or Form No 60 mandatory for all bank accounts – Submit to the bank by 28.2.2017
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Income Tax Department
Finance Minister conveys Government’s Appreciation to tax payers for their contribution towards Nation building
Finance Minister conveys Government's Appreciation to tax payers for their contribution towards Nation building Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 19th September, 2016. Press Release Sub: Finance Minister conveys Government's Appreciation to tax payers for their contribution towards Nation … [Read more...] about Finance Minister conveys Government’s Appreciation to tax payers for their contribution towards Nation building
Income Tax Department lists Transactions where PAN will be Mandatory
Income Tax Department lists Transactions where PAN will be Mandatory The Income Tax Department prescribes a list of transactions for which quoting of Permanent Account Number (PAN) is mandatory. These are listed in Rule 114B of the Income Tax Rules, 1962 which were first inserted with effect from 1st November, 1998 and have been amended from time to time. The list under Rule … [Read more...] about Income Tax Department lists Transactions where PAN will be Mandatory
Observance of “Joy of Giving Week” between 2nd and 8th of October, 2016
Observance of “Joy of Giving Week” between 2nd and 8th of October, 2016-Appeal to officers and staff members. F. No. 385/ 17/2016-IT (B) Government of India Ministry of Finance Central Board of Direct Taxes New Delhi, Dated: 15.09.2016 To, All Principal Chief Commissioners of Income Tax All Principal Directors General of Income Tax Madam/ Sir, Subject: - … [Read more...] about Observance of “Joy of Giving Week” between 2nd and 8th of October, 2016
Income Declaration Scheme 2016 – Government issues Clarifications in the form of Sixth Set of Frequently Asked Questions (FAQs)
Income Declaration Scheme 2016 – Government issues Clarifications in the form of Sixth Set of Frequently Asked Questions (FAQs) The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. The Scheme has come into effect from 1.6.2016 and is open … [Read more...] about Income Declaration Scheme 2016 – Government issues Clarifications in the form of Sixth Set of Frequently Asked Questions (FAQs)
Income Tax Department simplifies online rectification of TDS in ITR
Income Tax Department simplifies online rectification of TDS in ITR New Delhi: Aimed at making life easier for tax payers, the Income Tax department today said it simplified the process of online rectification of incorrect details of tax deducted at source (TDS) filed in the income tax return (ITR). Earlier, taxpayers were required to fill in complete details of … [Read more...] about Income Tax Department simplifies online rectification of TDS in ITR
Government sets target to add one crore more Income Tax payers this year
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
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
Income Tax Department Initiates Investigation into Issuance of Cheques by Companies Which are Acting as Entry Operators to Convert Illegal Cash into Legitimate Money
Income Tax Department Initiates Investigation into Issuance of Cheques by Companies Which are Acting as Entry Operators to Convert Illegal Cash into Legitimate Money Income Tax Department, Ministry of Finance, Government of India had initiated investigation into issuance of cheques by companies which are acting as entry operators to convert illegal cash into legitimate … [Read more...] about Income Tax Department Initiates Investigation into Issuance of Cheques by Companies Which are Acting as Entry Operators to Convert Illegal Cash into Legitimate Money
Proposal to discontinue exemption of Rs. 1.5 lakh available for Savings under Section 80C
Proposal to discontinue exemption of Rs. 1.5 lakh available for Savings under Section 80C It is learnt that Finance Ministry is considering to put up a proposal for discontinuing Exemption of Rs. 1.5 lakh presently available under Section 80C for Savings and Insurnace such as premium paid, investment in NSS, Mutual funds, Pension funds etc. Alternatively, the basic income … [Read more...] about Proposal to discontinue exemption of Rs. 1.5 lakh available for Savings under Section 80C
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