CBDT
If you fail to file ITR by due date, you will be penalised, even get jailed
In case, you fail to file your ITR, the income tax department may send you a notice and you could be jailed.
Will income tax filing deadline be extended from July 31?
Tax payers have to pay special attention this year on account of the changes in the forms.
FPIs can opt for corporate route to avail lower tax surcharge: CBDT chief
FPIs get covered by higher tax rate as they have been investing as a non-corporate entity such as trust or association of persons.
Govt to soon issue clarification on applicability of surcharge on FPIs: Finmin
FM Sitharaman proposed to increase surcharge from 15 pc to 25 pc on taxable income between Rs 2 cr and Rs 5 cr.
Govt working as an accountant for every taxpayer: CBDT Chairman
The CBDT Chairman said he is confident of achieving the Rs 13.35 lakh crore target for direct tax collections in 2019-20.
Senior citizens with taxable income up to Rs 5 lakh can seek TDS exemption on bank interest
Earlier, the limit for seeking Tax Deducted at Source (TDS) exemption was Rs 2.5 lakh.
Businesses can apply for revoking cancellation of GST registration by July 22: CBIC
About 1.2 crore businesses are registered under GST, which was rolled out on July 1, 2017.
342 start-ups get angel tax exemption since February
To avail the concession of exemption from this section, eligible start-ups have to file a duly signed self-declaration with the DPIIT.
MP CM’s nephew under fire for tax evasion
According to sources, the raids were conducted at Mr Nath’s nephew Ratul Puri’s company, Hindustan Powerprojects Pvt Ltd on April 7.
I-T dept proposes new norms for taxing MNCs in India
The CBDT had set up the committee to bring greater clarity and predictability for taxing MNCs.