income tax department
CBDT issues FAQs on filing tax returns to help taxpayers
The FAQs are based on the queries received by the CBDT to help assessees file ITRs.
IT attaches FDI of USD 40 million, bungalow of Ratul Puri and Deepak Puri
So far, Benami Prohibition Unit (BPU) has attached funds of USD 95 million and a Bungalow at 27-A Aurangzeb Road.
Relief for startups: CBDT lays out procedure for pending angel tax assessment cases
More than 540 startups have received exemption from angel tax so far.
‘Siddhartha could not have taken his own life’: DV Sadananda Gowda
A letter, written by Siddhartha had surfaced on July 30, in which he alleged that he was harassed by previous directorate general of IT.
Assessing situation after disappearance of chairman V G Siddhartha: Cafe Coffee Day
The company said Siddhartha is not reachable since Monday evening. 'We are taking the help of concerned authorities'.
‘Acted as per IT Act’: IT dept’s replies to CCD founder VG Siddhartha’s letter
A senior ED official familiar with the development said, ‘Probe against him was being done by IT dept, ED probe wasn't very serious.’
No changes made in ITR forms, only software updated: CBDT
The CBDT said that the software utility for e-filing of all the ITR forms has been released long back.
Tax paying should be a pleasurable experience: CBDT chairman
Revenue collection under the direct taxes head has grown and the total tax base has also increased to over 7 crore taxpayers at present.
Taxpayers beware! Claiming false HRA through ITR may land you in problem
The format of Form-16 has been changed to make it in sync with the format of Income Tax return (ITR).
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.