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CBDT notifies 3 Courts in Maharashtra for trial of Income Tax offences
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(INVESTIGATION DIVISION-V)Notification No. 59/2020-Income TaxNew Delhi, the 10th August, 2020S.O. 2682(E).—In exercise of the p...
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Rule 114AAB: Class or classes of person to whom provisions of section 139A shall not apply
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 58/2020-Income TaxNew Delhi, the 10th August, 2020INCOME-TAXG.S.R. 499(E). In exercise of the powers conferred...
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CCI notified to share information with Income Tax Department
Central Government specifies Director General / Secretary, Competition Commission of Indiafor the purpose sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961.MI...
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Appointment of BSR as statutory auditor of IFIN for 2017-18 was illegal: NFRA
Executive Summary of Audit Quality Review (AQR) Report No. 01/2020 released by NFRA in respect of audit done by BSR & Associates LLP (Firm Reg No 116231W/W-100024) of IL&FS Financial Services Ltd (IFI...
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Siliguri DRI seizes 26.5 Kgs of Gold valued at Rs. 14.09 Crores
Ministry of FinanceDepartment of RevenueCentral Board of Indirect Taxes & CustomsNorth Block, New Delhi-110 001Tel. No. : +91-11-23092849, Fax No. : +91-11-23092890E-mail : ajit.m@gov.inD.O.No. 28/CH(...
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FAQs on NPS & NPS for NRI Through eNPS
Q. 1 What is National Pension System?Ans: National Pension System is a contributory pension system which was initially (from 1st January 2004) introduced for the government employees and later rolled...
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Launch of ‘Transparent Taxation’ system on Income Tax Portal
On 13th August 2020, Honourable Prime Minister Narendra Modi has enunciated a platform to tribute the honest taxpayers of the country and ensuring awareness about honest tax payment in India.The inaug...
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Gift to Honest taxpayer PM- Faceless assessment taxpayer charter implemented
मोदीनेईमानदारकरदाताओंकोदीसौगात, फेसलेसअसेसमेंटऔरटैक्सपेयर्सचार्टरलागू !! ‘Transparent Taxation – Honouring the Honest’A new platform Lunched through video conferencing by honourable Prim Minister Mr....
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Taxpayer’s Charter- Obligations & Expectation of Income Tax Dept.
TAXPAYER’S CHARTERTHE INCOME TAX DEPARTMENTis committed to1. provide fair, courteous, and reasonable treatmentThe Department shall provide prompt, courteous, and professional assistance in all dealing...
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Transparent Taxation, Honouring the honest: Key announcement by PM Modi
The CBDT has carried out several major tax reforms in direct taxes in the recent years, which includes the following:(i) Reduction in corporate tax to 22% from 30% for existing companies and 15% for n...
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‘ट्रांसपैरेंट टैक्सेशन: ऑनरिंग द ऑनेस्ट’
ईमानदार करदाताओं को प्रोत्साहन और कर प्रणाली में पारदर्शिता बढ़ाने के लिए प्रधानमंत्री नरेंद्र मोदी ने एक नए और महत्वपूर्ण प्लेटफॉर्म की शुरुआत की इस प्लेटफॉर्म का नाम ‘ट्रांसपैरेंट टैक्सेशन: ऑनरिंग द...
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CBDT directs Investigation Directorates to do e-communication with Assessee
F. No. 414/29/2020–IT(Inv. I)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes********Room No. 269, North Block,New Delhi, the 11th August, 2020.ToAll the Direct...
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SOP for hearing of cases at ITAT Chandigarh Benches from 04.08.2020
INCOME TAX APPELLATE TRIBUNAL:CHANDIGARH BENCHES:CHANDIGARH Virtual Court Hearing Through Webex and General ProtocolDATED: 04.08.2020In continuation of the SOP (Standard Operating Procedure) dated 01....
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PM launches platform for Transparent Taxation
Prime Minister’s OfficePrime Minister Narendra Modi launches platform for ‘Transparent Taxation – Honouring the Honest’Tax system aims to be Seamless, Painless, Faceless : PMSays the number of taxpaye...
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Income Tax Department searched premises of Chinese entities
Ministry of FinancePosted On: 11 AUG 2020Based on the credible information that few Chinese individuals and their Indian associates were involved in money laundering and hawala transactions through se...
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8701 Faceless e-Assessment completed without any additions
Ministry of FinanceA brief note about the Press Conference addressed by Pr. Chief Commissioner of Income Tax, Ahmedabad Shri Pritam Singh on Faceless Assessment Scheme, 2019.Posted On: 03 AUG 2020 5:4...
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Launching Platform For Transparent Taxation- Honoring The Honest By PM Shri Narendra Modi
Prime Minister Narendra Modi will launch the platform for ‘Transparent Taxation – Honoring the Honest’ on 13/08/2020 via Video Conferencing. Govt. has taken several measures from reducing tax rates to...
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PM launches platform for ‘Transparent Taxation – Honoring the Honest’
Press Information BureauGovernment of IndiaPrime Minister’s Office12-August-2020 09:15 ISTPrime Minister will launch the platform for “Transparent Taxation – Honoring the Honest” via video conferencin...
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Income Tax scrutiny reduced drastically over the years: MOF
Ministry of Finance Income Tax Returns( ITR) scrutiny reduced to 0.25% in AY 2018-19IT Dept is changing -from just enforcement to facilitating better taxpayer services. No. of cases selected for scrut...
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IT Department hopes to complete all Faceless e-Assessments by mid-September
Ministry of FinanceIT Department hopes to complete all Faceless e-Assessments by mid-SeptemberPosted On: 04 AUG 2020 3:07PM by PIB MumbaiMumbai : August 4, 20203,130 tax personnel, including 600 IT of...