Income Tax news

It is mandatory to link your PAN with Aadhaar?

Link your Aadhaar with PAN today to enjoy seamless Income Tax services online How to link your PAN with Aadhaar Through SMS facility Send SMS to 567678 or 56161 in following format: UIDPAN<SPACE><12 digit Aadhaar><Space><10 digit PAN> Example : SMS to 567678 or 56161: UIDPAN 111122223333 AAAPA9999Q Through a-filing...

Read More
Posted Under: Income Tax |

CBDT refutes Media Report on Yeddyurappa diaries

Ministry of Finance CBDT refutes Media Report   Dated:  22 MAR 2019  by PIB Delhi  A search action under Section 132 of the Income-tax Act, 1961 was carried-out on Sh. D.K Shivakumar and Group of Cases on 2nd August, 2017 by the Income Tax Investigation Directorate of Karnataka & Goa. A large evidence of incriminating material [&...

Read More
Posted Under: Income Tax |

Income Tax Department sets up control room for NER for LS Election

The Income Tax Department (Investigation), NER has prepared itself to deal with any reported movement of unaccounted money ahead of the Lok Sabha elections. Pursuant to the notifications for holding Lok Sabha Elections 2019 by the Election Commission of India(ECI). ...

Read More
Posted Under: Income Tax |

CBI arrests Enforcement Officer EPFO Accepting Bribe

Central Bureau of Investigation has arrested an Enforcement Officer, working in Employees Provident Fund Organization (EPFO), Nagpur (Maharashtra) for demanding and accepting a bribe of Rs. 50,000/- from the complainant....

Read More
Posted Under: Income Tax |

I-T Dept continues to hit at terror financing activities in J&K Region

Income Tax Department conducted search actions at 5 locations in the Kashmir Valley on 14th March, 2019. Few places in Jammu were also searched. These actions are part of the Department’s continued drive against use of black money by disruptive elements in the State. The operations also send a message of deterrence and obviation to thos...

Read More
Posted Under: Income Tax |

Income Tax Dept conduct searches 5 locations in J & K

Income Tax Dept conducted searches at 5 locations in Jammu & Kashmir region on 14/3/19. The actions are part of Deptt’s continued drive against use of black money by disruptive elements in the State; also send message of deterrence 2 those intending 2 vitiate democratic process of free & fair election. Prominent LOC trader who [...

Read More
Posted Under: Income Tax |

Proposed Signing of Bilateral Agreement for Exchange of CBCR between India and USA

Dear Reader, The Ministry of Finance, has issued a Press release dated 15 March, 2019 stating that a bilateral agreement has been finalized between India and the United States of America (USA) for the exchange of Country-by-Country Reports (CbCR). The proposed agreement would apply retrospectively for the exchange of CbCR from the financi...

Read More
Posted Under: Income Tax |

PM releases new series of visually impaired friendly coins

The Prime Minister, Shri Narendra Modi, today, released the new series of visually impaired friendly circulation coins,in New Delhi.Rs.1, Rs.2, Rs.5, Rs.10 and Rs.20 are the various denominations of coins released as part of the new series. The coins were released at a function at 7, Lok Kalyan Marg, where visually impaired children were ...

Read More
Posted Under: Income Tax |

ITO jailed for accepting bribe & acquiring disproportionate assets

Special Judge, CBI Cases, Raipur (Chhattisgarh) has sentenced Shri Dilip Kumar Das, then Income Tax Officer, Raipur in a case of possession of disproportionate assets, to undergo three years Rigorous Imprisonment with fine of Rs. 5,00,000/-....

Read More
Posted Under: Income Tax |

Clean Transactions, Cleaner Economy, Go Cashless, Go Clean

DON’T √ Accept cash of Rs.  2,00,000 or more in aggregate from a single person in a day or for one or more transactions relating to one event or occasion. √ Receive or repay Rs.  20,000 or more in cash for transfer of Immovable Property. √ Pay more than Rs.  10,000 in cash relating to […]...

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (4,057)
Company Law (4,466)
Custom Duty (7,218)
DGFT (3,870)
Excise Duty (4,184)
Fema / RBI (3,622)
Finance (3,841)
Income Tax (29,153)
SEBI (3,061)
Service Tax (3,431)