Tag archive for ‘Income tax’
By Ila Choudhary On Saturday, December 12th, 2020

Madras High Court quashes Income Tax proceedings against Karti Chidambaram & his wife

Chennai,Dec 12 (PTI) The Madras High Court has quashed the Income Tax proceedings initiated against Karti Chidambaram, son of former Union Finance Minister P Chidambaram, and his wife over alleged non-disclosure More...

By Manisha Sen On Tuesday, October 20th, 2020

Income Tax survey to be conducted only after nod from high-ranked officers: CBDT

New Delhi, Oct 20 (PTI) Income tax surveys to collect information for scrutiny assessment will be undertaken by the tax deducted at source (TDS) directorate only after approval from principal chief commissioner More...

By Ila Choudhary On Tuesday, September 1st, 2020

I-T authorities can share info with scheduled commercial banks: CBDT

New Delhi, Sep 1 (PTI) The CBDT has said the income tax authorities can share information with scheduled commercial banks, a move that would ease the lenders” hassle of deciding TDS deductibility on various More...

By Ila Choudhary On Sunday, June 7th, 2020

Fall in direct tax collection on expected lines and temporary: CBDT

New Delhi: The Central Board of Direct Taxes (CBDT) on Sunday informed that net direct tax collection for the FY 2019-20 was less than that in comparison to FY 2018-19 but highlighted that this fall in the collection More...

By Ila Choudhary On Wednesday, May 27th, 2020

IT Principal Commissioner allegedly commits suicide in Delhi

New Delhi: A principal income tax commissioner allegedly committed suicide by hanging himself from the ceiling fan in his bedroom using a bed sheet, at his residence in Bapu Dham, Chanakyapuri, New Delhi on Wednesday, More...

By Ila Choudhary On Tuesday, March 31st, 2020

Income Tax employees pledge one day’s salary to PM-CARES Fund

New Delhi: All the employees of the Income Tax (IT) Department on Tuesday pledged to contribute their one day’s salary to PM-CARES Fund constituted by Prime Minister Narendra Modi to combat the coronavirus More...

By Manish Sen On Wednesday, March 4th, 2020

LS passes Direct Tax Vivaad Se Vishwas Bill

New Delhi: A bill to provide an opportunity to taxpayers to settle their tax disputes by paying just due taxes with complete waiver of interest and penalty by March 31 was approved by Lok Sabha on Wednesday. Finance More...

By Manish Sen On Wednesday, February 26th, 2020

88,000 appeals pending before Income Tax Appellate Tribunal: Chairman

Dehradun: There are 88,000 appeals pending before the Income Tax Appellate Tribunal (ITAT) and efforts are being made for their speedy disposal, its chairman said on Wednesday. ITAT Chairman Justice P P Bhatt Of More...

By Manish Sen On Tuesday, February 18th, 2020

90% of pending income tax cases will be settled under ‘Vivaad Se Vishwas’: Thakur

Indore: The government expects to resolve 90 per cent of the income tax disputes through ‘Vivaad se Vishwas’ scheme announced in the Budget for 2020-21, Union Minister Anurag Singh Thakur said on Tuesday. “Govt More...

By Manish Sen On Sunday, February 9th, 2020

12% tax revenue growth achievable in 2020-21 fiscal: Revenue Secy

New Delhi: A 12 per cent growth in tax collections next fiscal may look ambitious to some but for Revenue Secretary Ajay Bhushan Pandey it is achievable in an economy that is projected to clock a 10 per cent nominal More...