In 2013, Income Tax Department issued letters to 12,19,832 non-filers who had done high value transactions. In 2014, Income Tax Department has identified additional 22,09,464 non-filers who have done high value transactions. You may be one of them. Act Now! Log on to e-filing portal at https://incometaxindiaefiling.gov.in
CBI ARRESTS A DEPUTY COMMISSIONER OF INCOME TAX AND THREE OTHERS IN AN ALLEGED BRIBERY OF RS.TEN LAKHS. The Central Bureau of Investigation has arrested Poonam Rai, the Deputy Commissioner of Income Tax, and her husband Ganesh Malviya, a BJP leader, and another private person in an alleged bribery case of Rs. 10 Lakhs. […]
Sahara group will have to pay Rs 10,000 crore to get interim bail for its Chief Subrata Roy and firm’s two directors, who are behind the bars since March four, the Supreme Court on Wednesday ordered. A bench of justices K S Radhakrishnan and J S Khehar said that interim bail will be granted only […]
U.S. Attorney’s Office March 24, 2014 Southern District of California (619) 557-5610 Veteran U.S. Customs and Border Protection Officer Lorne “Hammer” Jones was sentenced today by U.S. District Judge Marilyn Huff to seven and a half years in custody for his role in a decade-long crime spree in which he sold his badge to alien-smuggling […]
Offline payment facility (Challan, NEFT and Pay Later) would be stopped from 26th March 2014 till 31st March (both days inclusive). You are requested to make payment only through online mode (Credit/Debit Card and Net Banking).
The Council of the ICAI, at its last meeting, held on March 20-22, 2014, has finalised the roadmap. The revised roadmap recommends Ind AS to be implemented for the preparation of Consolidated Financial Statements of listed companies and unlisted companies having net worth in excess of Rupees 500 crore from the accounting year beginning on […]
The Committee has further suggested that providing customers with a free copy of their CIRs would help create awareness about the need to have credit discipline, enable customers to correct their behaviour and improve their score well before they plan to avail fresh credit of any kind, help detect identity theft at an early stage, help CICs correct and validate their database and increase their business in the long run.
However, the whole process of DPC is getting delayed due to deficiency of ACR folders of officers. In this regard, attention is drawn to DOP&T’s OM No,,21011/02/2009-Estt. dated 16.02.2099 which emphasizes on timely completion and maintenance of ACRs within the prescribed time period. The OM also elaborates procedure for appending the No Report Certificate in cases where the ACR is not available
The Central Bureau Of Investigation has today arrested an Assistant Commissioner of Income Tax, Aaykar Bhavan, S.T. Nagar, Thrissur along with another Assistant Commissioner of Income Tax in an alleged bribery case of Rs. Ten lakhs.
There are many taxpayers who have uploaded their Income Tax Returns (without digital signature Certificate) for A.Y. 2012-13 [filed between 1.4.2012 to 31.10.2013] and for A.Y. 2013-14 [filed between 1.4.2013 to 31.10.2013], but have either not filed the corresponding ITR-V or have filed it with the local Income-Tax Office. ITR-V is accepted only at CPC, Bengaluru by ordinary or speed post. Therefore an opportunity is being given to such taxpayers to regularize their Income-tax returns.
