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Income Tax Budget

Jun 28, 2016 at 21:20 | Source: PTI
The Income Tax department has created a special zone on its official website to showcase country-wide activities being done by it to popularise the one-time black money compliance window that will complete its first month in operation soon
Jun 28, 2016 at 19:20 | Source: PTI
Offering black money holders one last chance to come clean, Finance Minister Arun Jaitley assured information on assets disclosed during the one-time compliance window will not be shared with any other authority
Jun 28, 2016 at 14:26 | Source: PTI
The Income Tax department will establish over 60 facilitation centres - Aaykar Seva Kendras: this fiscal from Goalpara in Assam to Neemuch in MP as part of efforts to widen the taxpayer base and reach a maximum number of people who need help in doing business with the taxman
Jun 27, 2016 at 16:44 | Source: CNBC-TV18
Factors like considering market value of such assets as on June 1, 2016 and no immunity from FEMA aur Money Laundering Act would be a worry for those who want to disclose their assets, says Arun Giri of Taxsutra.com.
Jun 27, 2016 at 15:08 | Source: PTI
A fresh circular has been issued by the Board to clarify the issue with regard to applicability of the provisions to levy TCS, as announced in the Budget, where the sale consideration received is partly in cash and partly in cheque.
Jun 27, 2016 at 09:16 | Source: PTI
General Anti-Avoidance Rule (GAAR), which will kick in from April 1 next year, contains provisions to prospectively tax overseas deals involving local assets and are aimed at minimising tax avoidance and evasion by entities based in tax havens.
Jun 25, 2016 at 12:16 | Source: PTI
The Income Tax department held an awareness conference to popularise the scheme of one-time domestic black money compliance window in the business community and others in Delhi
Jun 24, 2016 at 16:23 | Source: Moneycontrol.com
Many individuals do file their income tax in the correct manner. However, there are errors at the final stage of verifying income tax returns filed.
Jun 24, 2016 at 10:14 | Source: PTI
The exhaustive list, uploaded on the official web portal of the department, includes valuers of immovable property, jewellery, plant and machinery, stocks, shares and debentures and agricultural land.
Jun 23, 2016 at 16:10 | Source: PTI
Income Tax Department has asked its officers to make "all out efforts" to attract potential declarants' under the domestic black money window by assuring them of confidential and hassle-free disclosures
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