• Tag results for Income Tax

How many realtors file ITRs? Income Tax department doesn’t know!

The report also punctuated the problem with housing for Economically Weaker Sections.

published on : 13th February 2019

Tax defaulter nabbed from Mumbai airport   

The defaulter had violated the provisions of the section by transferring immovable properties after the date of service of notice of demand.

published on : 13th February 2019

Income tax department has no mechanism to ensure real estate firms file returns: CAG

According to a report, the I-T Department is not utilising other third-party data or surveys to widen its tax base in the real estate sector.

published on : 12th February 2019

EPF enrolment, Income tax data cannot measure job creation: Experts

There cannot be a correlation between EPF enrolment and job creation 'since it has so many moving parts and variables, so one could interpret it differently', experts said.

published on : 10th February 2019

I-T seizes over 600 carats of diamonds

The raids also revealed that  money was being paid in aggregation of land parcels through the real estate firms.

published on : 8th February 2019

Ahead of March 31 deadline, just 50 percent of country's PAN cards linked with Aadhaar

According to CBDT chairman Sushil Chandra, the Income Tax department has issued 42 crore permanent account numbers.

published on : 7th February 2019

Sheena Bora murder case : I-T department to record Indrani Mukerjea's statement on bank account

The IT department on Wednesday submitted a letter seeking permission of the special CBI court, which is conducting the murder trial, for recording Mukerjea's statement under section 131 of the IT Act.

published on : 6th February 2019

Linkage of PAN with Aadhaar is mandatory for filing I-T return: SC

The court's direction came on an appeal filed by the Centre against a HC order allowing two persons, Shreya Sen and Jayshree Satpute, to file I-T returns without linking their Aadhaar and PAN numbers.

published on : 6th February 2019

In two years, income tax payers to start getting refunds within 24 hours

The government has already sanctioned Rs 4,200 crore last month for an upgradation of information technology infrastructure of Central Board of Direct Taxes.

published on : 5th February 2019

IT assessments won't require taxpayer to face exciseman in few years: CBDT

As part of the government's simplification procedures, in two years the taxpayer doesn't need to face the taxman with assessees will be provided pre-filled return forms.

published on : 3rd February 2019

No IT below Rs 5L, youth elated

Apart from that, many migrate to different places for jobs, and have to incur basic expenses like rent, food, among others.

published on : 2nd February 2019

Income tax rebate a logical extension of steps taken by governmen​t since 2014: Arun Jaitley

Goyal's move was criticised by the Opposition saying with general election months away, PM Modi-led govt had a mandate only to present a vote on account and a Budget containing direct tax proposal.

published on : 2nd February 2019

Take income tax rebate hike with a pinch of salt: Analysts

Experts have opined that the budget announcement must be taken with a 'teaspoon of salt' as it has no benefit to those earning above that.

published on : 1st February 2019

Union Budget 2019: I-T exemption limit hiked to Rs 5 lakh

Additionally, those who are earning gross income of Rs 6.5 lakh per year and have made investments in savings instruments, will be exempt from paying income tax.

published on : 1st February 2019

Union Budget 2019: Here's how much tax benefit it will give you

The hike in the income tax limit will hand a direct benefit of Rs 12500. But there were other benefits too, including a raise in standard deduction.

published on : 1st February 2019
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