Search For "income tax act"
Income tax surveys at BBC India offices enter Day 2
Updated : 1 month, 1 week ago IST
Sources said the above exercise, conducted by the tax authorities, is called "survey", not search or raid as per the provisions of the Income Tax Act. Such surveys are routinely conducted and are not to be confused to be in the nature of a search/raid, said sources.
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Taxpayers aged between 18 to 35 years filed 2,09,06,829 ITRs till Jan 31:
Updated : 1 month, 2 weeks ago IST
As per Income-tax Act, 1961, tax is calculated and collected based on total income returned in Income tax Returns (ITR).
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CBDT extends due date for filing Form 10A to Nov 25
Updated : 4 months, 3 weeks ago IST
The official statement from finance ministry said, "In view of the representations received by Central Board of Direct Taxes (CBDT) and with a view to avoid genuine hardship to taxpayers, the CBDT condones the delay in filing of Form 10A up to November 25, 2022 in respect of certain provisio
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CBDT extends due date to file IT return for AY 2022-23 to Nov 7
Updated : 5 months ago IST
Under sub-Section (1) of Section 139 of the Income-Tax Act, 1961 (the Act) for the Assessment Year 2022-23, the CBDT had extended the due date to November 7, 2022, for the category of assessees for whom the due date falls on October 31, 2022.
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CBDT issues norms for compounding of offences under I-T Act
Updated : 6 months, 1 week ago IST
New Delhi [India], September 17 (ANI): The Central Board of Direct Taxes (CBDT) has issued revised guidelines with regards to the compounding of offences under the Income Tax Act, 1961, in conformity with the government's policy of facilitating Ease of Doing Business and decriminalisation of
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Two foreign-controlled companies can face penalty of over Rs 1,000 cr for
Updated : 1 year, 2 months ago IST
New Delhi [India], December 31 (ANI): Two foreign-controlled mobile companies can face a penalty of over Rs 1,000 crore for not complying with the regulatory mandate prescribed under the Income-tax Act, 1961 for disclosure of transactions with associated enterprises, said the Central Board o
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6 reasons to choose multi-year health insurance plans by Bajaj Finance
Updated : 1 year, 6 months ago IST
Pune (Maharashtra) [India], September 21 (ANI/NewsVoir): Medical emergencies may dent one's savings and impact their financial goals.
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Centre relaxes TDS provisions for ST community
Updated : 1 year, 6 months ago IST
New Delhi [India], September 18 (ANI): The Centre has relaxed the provisions of Income-Tax Act, 1961 Act in relation to the payment of interest regarding TDS by Scheduled Bank to a member of Scheduled Tribe (ST) community on Friday.
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Govt extends certain timelines to ease compliances under Income-Tax Act
Updated : 1 year, 6 months ago IST
New Delhi [India], September 17 (ANI): The Central Government has decided to extend timelines for compliances under the Income-tax Act, 1961, informed the Ministry of Finance on Friday.
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CBDT extends due dates for electronic filing of various forms under Income
Updated : 1 year, 7 months ago IST
New Delhi [India], August 3 (ANI): The Central Board of Direct Taxes (CBDT) has extended the due dates for electronic filing of various forms under the Income-tax Act, 1961 considering the difficulties reported by the taxpayers and other stakeholders in the electronic filing of certain Forms
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Income Tax officials conduct searches at multiple premises linked to Daini
Updated : 1 year, 8 months ago IST
New Delhi [India], July 22 (ANI): A search is being carried out in the Dainik Bhaskar group offices under the Income Tax Act over allegations of huge tax evasion, government sources said on Thursday.
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Centre extends timelines for compliances under Income-tax Act amid COVID-1
Updated : 1 year, 10 months ago IST
New Delhi [India], May 20 (ANI): The Centre, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the severe Covid-19 pandemic, has decided to extend timelines for compliances under the Income-tax Act, 1961 (hereinafter referred to as "t
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