Jun 16, 2021 03:06 PM IST
The cost inflation index (CII) is used by taxpayer to compute gains arising out of sale of capital assets after adjusting inflation. The Central Board of Direct Taxes (CBDT) on June 15 notified the cost inflation index for the current fiscal (2021-22).
- May 20, 2021 12:59 PM IST
An order issued by the systems wing of the department on Wednesday said the "transition" from the old portal -- www.incometaxindiaefiling.gov.in -- to the new --www.incometaxgov.in -- will be completed and made operational from June 7.
- Apr 22, 2021 10:14 AM IST
If ITR has been furnished by the assessee on or before the due date, the interest shall be payable from April 1 of the Assessment Year to the date on which the refund is granted.
- Feb 28, 2021 08:55 AM IST
The CBDT said in a statement that Rs 8.30 crore cash was seized during the raids on the group engaged in the business of manufacture and sale of tiles and sanitaryware. The group is the "leader" in tiles business in south India.
- Sep 28, 2019 03:47 PM IST
To link these two identity cards (PAN and Aadhaar), all you need to do is head to the Income Tax department's e-filing website.
- Sep 22, 2019 03:05 PM IST
Indian Computer Emergency Response Team (CERT-In) is the national agency to combat hacking, phishing incidents and to fortify security-related defences of the Indian Internet domain.
- Jul 18, 2019 12:15 PM IST
As per data compiled by the revenue department, a total of over 7.94 lakh tax returns were alone filed on July 16, of which over 5.26 lakh was ITR-1 or Sahaj.
- Jul 06, 2019 08:10 PM IST
The Central Board of Direct Taxes (CBDT), a body that frames policy for the department, has issued the directive in the Central Action Plan (CAP) for 2019-20, released on Friday.
- Jul 01, 2019 03:50 PM IST
The department has obtained some vital leads related to alleged tax evasion and undisclosed assets abroad linked to Saxena from a sister agency and hence, raids were launched on June 30, they said.
- Aug 05, 2017 03:06 PM IST
It may have just become easier for foreign funds to invest in India. CNBC-TV18 learns that the income tax department has softened its stand against foreign institutional investors (FIIs) and foreign portfolio investors (FPIs) by relaxing eligibility conditions under section 9-A for foreign funds. In an interview to CNBC-TV18, Gautam Mehra of PWC shared his views and readings about the same.
- Jul 07, 2017 10:55 PM IST
It added that "mounting litigation" has choked the revenue stream and is leading to wastage of scarce resources.
- Jul 07, 2017 07:30 PM IST
The Central Board of Direct Taxes has asked income tax officials to pull their socks up to shore up revenue collection, noting that it is at present "not satisfactory".
- Jun 12, 2017 10:45 PM IST
She had not appeared in person on June 6, following which the department had issued a show cause notice under Section 131 of the IT Act and fined her Rs 10,000.
- Mar 02, 2017 09:38 AM IST
Trigyn Technologies, Inc., a wholly-owned subsidiary of company, has been awarded a twelve year indefinite quantity fixed price & time & materials, consulting & technical services IT contract by the State of Maryland‘s Department of Information Technology.
- Feb 22, 2017 12:12 PM IST
The Income Tax department has said that Assessing Officers cannot issue show-cause notices or require personal appearance of the depositor in the tax office.
- Nov 17, 2016 10:12 PM IST
Delhi Police and IT department today conducted raids at various places in Delhi after news channels aired sting operations showing agents taking black money in the form of demonetised notes and promising to exchange them for valid currency after charging a commission.
- Sep 29, 2016 07:11 PM IST
Shadow IT happens when a company‘s employees work in a parallel IT environment without the knowledge of its IT department. It is also called â€˜rogue deployment‘ or â€˜stealth IT‘. Employees may use systems, software, or applications the company does not provide. The aim is often to increase efficiency or to save cost.
- Sep 29, 2016 07:08 PM IST
Since the turn of the century, corporate organisations have switched to participative management. The management consults employees on a range of policy matters. This kind of democracy is transforming corporate IT too, thanks to the rise of shallow IT.
- Mar 17, 2016 07:00 PM IST
The meeting will be chaired by Revenue Secretary Hasmukh Adhia along with Central Board of Direct Taxes Chairperson Atulesh Jindal and other members of the Board, a senior official said.
- Aug 31, 2015 05:53 PM IST
Additional Chief Metropolitan Magistrate Pritam Singh directed the IT department to provide legible copies of documents by September 11, the next date, after Qureshi's counsel said some of the documents were illegible.
- Aug 21, 2015 05:58 PM IST
Additional Chief Metropolitan Magistrate Pritam Singh again issued summons to Maran, the firm and its then Managing Director S Natrajhen as the earlier summons were not served on the accused, who did not appear on Friday.
- Jul 21, 2015 06:36 PM IST
Additional Chief Metropolitan Magistrate Pritam Singh issued summons to Maran, the company and its Managing Director S Natrajhen after taking cognizance on two complaints filed against them by the IT Department. The court directed them to appear before it on August 21.
- May 19, 2015 11:59 AM IST
The IT department has sought Rs 400 crores in dues from Kingfisher and is also claiming the first rights of the sale of these properties.
- Apr 17, 2015 10:36 AM IST
Rajesh Simhan, head - international tax at Nishith Desai says as things stand, the matter is already with the Supreme Court and a number of rulings prior to this are in favour of the tax payer.
- Jan 19, 2015 07:36 PM IST
The taxman argued that Sesa Sterlite, after the merger, had sought tax refund of Rs 1600 crore citing combined losses of the merged entity. The SC will hear the matter for final disposal on April 28.