Login  |  Register  |  Forgot Password 

News - (Get Professional Updates on Whatsapp, Msg on 8285393786) Category : Income Tax

Ontario draw targets Express Entry candidates with management and financial work experience
Posted Date : 20-Aug-2019 , 08:35:12 am | Posted By CASANSAAR

Ontario, home to both Canada’s capital city, Ottawa, and the country’s largest city, Toronto, issued 997 invitations to apply for Canadian permanent residence to Express Entry candidates on August 15. Express Entry candidates who received an invitation were required to have work exper...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 556

Committee submits report on replacing I-T Act with Direct Tax Code
Posted Date : 20-Aug-2019 , 08:28:48 am | Posted By CASANSAAR

A committee headed by CBDT member Akhilesh Ranjan on Monday submitted its report on replacing the Income Tax Act with a new Direct Tax Code, said the finance ministry on Monday. The report's recommendations could not be known immediately. The task force--as the committed was called officia...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 433

Government panel moots tax relief for companies
Posted Date : 20-Aug-2019 , 08:21:16 am | Posted By CASANSAAR

A government panel tasked with overhauling the nearly six-decade-old Income-Tax Act on Monday recommended significant relief for taxpayers, including an across-the-board 25% tax rate for both local and foreign companies and changes in personal tax slabs to benefit middle and upper middle class India...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 111

Income Tax Dept issues checklist to trace unaccounted demonetisation cash
Posted Date : 19-Aug-2019 , 09:39:23 am | Posted By CASANSAAR

In a bid to seize illegal cash, the Income Tax Department has issued a 17-point checklist to tax commissioners across the country to track those who deposited unaccounted cash during demonetisation.  In a directive to the Principal Chief Commissioners of Income Tax and Principal Director Gen...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 226

Govt panel gets time till Monday to submit direct tax code report
Posted Date : 17-Aug-2019 , 07:10:25 am | Posted By CASANSAAR

The much-awaited report on the new direct tax code (DTC), which will replace the existing income tax act of 1961, will be submitted to finance minister Nirmala Sitharaman on Monday, said one person privy to the development, requesting anonymity. The finance ministry-appointed task force, headed b...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 381

No income tax on interest from accident compensation - HC
Posted Date : 13-Aug-2019 , 08:15:13 am | Posted By CASANSAAR

Forty years after an eight-year-old city boy was left maimed for life in a car accident, the Bombay High Court on Thursday held that income tax should not have been deducted from the interest on the compensation awarded by the court. The ruling was given by a bench of justices Akil Kureshi and S J K...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 202

Income Tax Dept issues FAQs on filing tax returns to help taxpayers
Posted Date : 09-Aug-2019 , 08:09:35 am | Posted By CASANSAAR

The revenue department on Thursday released FAQs on filling income tax returns (ITR) with regard to reporting of directorship in a foreign company and equity shares held outside India. Through frequently asked questions (FAQs), the Central Board of Direct Taxes (CBDT) has also clarified that repo...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 240

Income Tax department launches e-filing Lite for taxpayers
Posted Date : 02-Aug-2019 , 12:20:55 pm | Posted By CASANSAAR

A 'lite' e-filing facility was launched by the Income Tax department on Thursday to facilitate the easy and quick filing of returns by taxpayers. The facility was operationalised on the official portal of the department --https://www.incometaxindiaefiling.gov.in. "The Income Tax d...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 403

FIU slaps over Rs 15 cr fine on PNB for violating money laundering rules
Posted Date : 02-Aug-2019 , 12:12:35 pm | Posted By CASANSAAR

The Financial Intelligence Unit (FIU-Ind) has imposed a penalty of Rs 15.62 crore on state-owned Punjab National Bank (PNB) for breaching anti-money laundering rules. The FIU move against PNB is significant because it is based on inspection and review of the Bank during April 2016-November 2017, whi...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 258

Income Tax dept to use data analysis, risk profiling to increase tax mop up
Posted Date : 30-Jul-2019 , 10:48:03 am | Posted By CASANSAAR

The Income Tax Department will use data mining and risk profiling rather than intrusive methods for tax collection, Revenue Secretary Ajay Bhushan Pandey said on Wednesday while exuding confidence of achieving the direct tax mop-up target for the current fiscal.  In the 2019-20 Budget, the g...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 590

CBDT gives 2 months extension to I-T Dept to finalise assessment in demonetisation cases
Posted Date : 27-Jul-2019 , 07:39:11 am | Posted By CASANSAAR

The CBDT on July 26 said that it has extended the taxman's deadline by another two months till September to complete the final assessment of about 87,000 entities across the country who made suspicious deposits post-demonetisation. The CBDT said the extension of time is being granted after co...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1165

Finance Minister introduces IBC bill for faster bad loan resolution
Posted Date : 25-Jul-2019 , 07:33:22 am | Posted By CASANSAAR

The government came out in support of financial creditors and spelled out concerns over extensive litigation causing undue delays in insolvency proceedings, while introducing the Insolvency and Bankruptcy Code Amendment Bill in the Rajya Sabha on Wednesday. The statement of object and reasons sai...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 266

Cabinet approves amendments to Aadhaar Bill
Posted Date : 25-Jul-2019 , 07:27:47 am | Posted By CASANSAAR

Union Cabinet has approved Official Amendments to the Aadhaar and Other Laws (Amendment) Bill 2019.  Briefing the reporters after the Cabinet meeting, Information and Broadcasting Minister Prakash Javadekar said, the government has decided to make Aadhaar as identification document so that p...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 372

Deadline to file income tax return for FY 2018-19 extended to August 31
Posted Date : 23-Jul-2019 , 07:58:56 pm | Posted By CASANSAAR

The finance ministry has extended the deadline for filing income tax return (ITR) for FY2018-19 by individuals to August 31, 2019 from July 31, 2019. The extension is a much needed relief as there were multiple problems being faced by individuals in filing returns by July 31. July 31 was the deadlin...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 315

FM to Launch Taxpayer E-assistance Campaign at Income Tax Day
Posted Date : 23-Jul-2019 , 08:49:48 am | Posted By CASANSAAR

A country-wide 'taxpayer e-assistance campaign' will be launched on Wednesday by Finance Minister Nirmala Sitharaman to mark the 159th 'Income Tax Day', officials said on Monday. The campaign has been conceptualised by the CBDT and it will be launched across all regional offices o...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 232

5 reasons why deadline to file ITR needs to be extended this year
Posted Date : 22-Jul-2019 , 09:10:04 am | Posted By CASANSAAR

The last date for filing income tax return (ITR) for the assessment year 2019-20 with no penalty or a fine is July 31, 2019. However, the due date for ITR filing may get an extension for the taxpayers to file the return of income well beyond the last date even without paying any fine.  Here ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 728

Disciplinary proceedings initiated by IBBI cannot be quashed by NCLT - NCLAT
Posted Date : 17-Jul-2019 , 08:36:18 am | Posted By CASANSAAR

In a significant ruling, the National Company Law Appellate Tribunal (NCLAT) has held that the National Company Law Tribunal (NCLT) can’t quash the disciplinary proceedings initiated by the insolvency regulator IBBI. This will be the position even if the IBBI’s proceeding had been ini...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 232

Income Tax Dept snooping on social media posts is a misconception - CBDT
Posted Date : 16-Jul-2019 , 10:24:10 am | Posted By CASANSAAR

It is a "misconception" to think that the Income Tax Department is snooping on social media posts related to exotic foreign tours or possession of expensive goods to check undisclosed income, a top official has said. CBDT Chairman P C Mody told PTI during an interview that the tax depar...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 585

Will income tax department extend July 31 deadline for ITR filing?
Posted Date : 14-Jul-2019 , 06:08:10 pm | Posted By CASANSAAR

Pressure is mounting on the income tax department to grant extra time to people for filing income tax returns on account of changes brought in the format of tax returns as well as in the tax deducted at source (TDS) certificates issued by employers and the TDS returns to be filed by employers with t...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1812

Income Tax disputes of Rs 5.71 lakh crore pending with CBDT
Posted Date : 12-Jul-2019 , 09:03:06 am | Posted By CASANSAAR

Income Tax (IT) disputes pending as on 31st March 2019 for the Central Board of Direct Taxes aggregated to Rs 5.71 lakh crore. While the proportion of the new appeals rises, the disposal of these appeals has diminished from the previous year, as per report for FY20 by CBDT. The number of cases dispo...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 212

CBDT targets 1.30 crore new tax filers in FY 2019-20
Posted Date : 10-Jul-2019 , 08:45:32 am | Posted By CASANSAAR

The Central Action Plan (CAP) for 2019-20 drafted by the Central Board of Direct Taxes (CBDT), which was recently circulated among its top cadre, continues to focus on widening the tax base. The CAP acts as the policy action vision document for the Income Tax Department and is unveiled by the tax re...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 224

Parliament passes bill to allow using Aadhaar for opening bank accounts, get phone connections
Posted Date : 09-Jul-2019 , 09:13:10 am | Posted By CASANSAAR

Parliament on Monday passed an amendment bill which allows voluntary use of Aadhaar as proof of identity for users to open bank accounts and get a mobile phone connection. The Aadhaar and Other Laws (Amendment) Bill, 2019, was passed by Rajya Sabha by a voice vote. The Bill, which also provide...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 358

Income Tax Dept Working on Issuing E-Pan on Real-Time Basis
Posted Date : 09-Jul-2019 , 08:30:48 am | Posted By CASANSAAR

The income tax department is working on a processing centre for the allotment of e-PAN on a real-time basis, Parliament was informed Monday. "Real time PAN/TAN Processing Centre (RTPC) is being contemplated for future with the objective of allotment of e-PAN through Aadhaar based e-KYC on ne...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 692

File tax returns if you have foreign trips, steep electricity bills
Posted Date : 08-Jul-2019 , 02:23:48 pm | Posted By CASANSAAR

The government has made income tax return filing mandatory for high spenders even if their taxable income is below the threshold exemption limit of Rs 5 lakh. Those mandated to file returns include people spending more than Rs 2 lakh on a foreign trip or depositing Rs 1 crore in a year in a bank ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 523

Fund transfer through RTGS, NEFT set to get cheaper from today
Posted Date : 01-Jul-2019 , 08:52:10 am | Posted By CASANSAAR

Fund transfer through Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) systems is set to become cheaper after the Reserve Bank of India decided it will not impose any charges on such transactions.  After announcing its decision to waive all charges on fund tran...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 264

Aadhar (Amendment) Bill introduced in Lok Sabha
Posted Date : 25-Jun-2019 , 05:48:15 am | Posted By CASANSAAR

Law Minister Ravi Shankar Prasad introduced the Aadhaar and and Other Laws (Amendment) Bill, 2019 in the Lok Sabha today. It will replace an ordinance issued in March this year and proposes stiff penalties for violation of norms. The Bill seeks to amend Aadhaar (Targeted Delivery of Financial and...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 494

ED arrests two former IL&FS executives in money laundering probe
Posted Date : 20-Jun-2019 , 09:47:19 am | Posted By CASANSAAR

The Enforcement Directorate  has arrested two former executives in connection with its money laundering probe in the Infrastructure Leasing and Financial Services Ltd (IL&FS) alleged financial irregularities case.  Officials said former joint MD of the company Arun K Saha and MD of ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 348

New Income Tax guidelines tightens screw on tax evaders
Posted Date : 19-Jun-2019 , 09:45:32 am | Posted By CASANSAAR

Indulgence in serious criminal cases of money laundering, terror financing, corruption, possession of benami properties and undisclosed foreign assets will virtually shut a person’s chances of getting relief in an income tax evasion offence beginning Monday, a latest directive issued by the CB...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 953

New income tax rules from today, no escape just by paying penalty
Posted Date : 17-Jun-2019 , 02:18:30 pm | Posted By CASANSAAR

Tightening the screw on tax evaders, the revised guidelines issued by the Income Tax (I-T) Department have made serious offences under black money and benami laws "generally" non-compoundable. This means that a person or entity would not be able to settle a case of tax evasion by just p...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 659

CBDT demotes four Income Tax officers over pending vigilance issues
Posted Date : 12-Jun-2019 , 09:02:39 am | Posted By CASANSAAR

A day after the government forcibly retired a dozen senior Income-Tax Department officials over charges of corruption, the CBDT on Tuesday demoted four officials on the basis of "pending" vigilance cases against them. The four officials have been demoted from the rank of Joint Commissioner...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 578

News By Categories

More Categories

Search News

 
 
 

Fresh Income tax news only on casansaar covering details for  Income tax return,efiling, calculator,refund, income tax slab,forms,rates  etc in india 

www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  GST Calculator

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Contact us
 |   Blog

  |   Sitemap

  |   Income Tax

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon

CASANSAAR Updates

Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.