Income Tax Demonetisation
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Madhya Pradesh's Bizarre Currency Exchange Plot Involves Occultist, Djinn
The Crime Branch team seized the demonetised notes and promptly informed the Election Commission and the Income Tax Department. Their ongoing investigation aims to determine whether these notes were intended for distribution among villagers.
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No Proposal To Launch Gold Amnesty Scheme: Report
There is no such gold amnesty scheme under consideration of Income Tax Department as being reported in media, the sources said.
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"Will End Poverty Without New Taxes": Manmohan Singh Speaks Up For NYAY
Former Prime Minister Manmohan Singh today endorsed the Congress' NYAY scheme, claiming that its promise of providing annual income support of Rs 72,000 to each of India's poorest families will not only restart the nation's growth engine but also stimulate demand in a manner leading to increased economic activity and job creation.
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Income Tax Department To Probe 3 Lakh De-Registered Firms For Money Laundering
The CBDT has also asked the tax offices to undertake this special task and bring under their ambit the time period (over last two years) when these companies were struck off from the records of the Ministry of Corporate Affairs (MCA).
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"PM Modi Demonetised India, We'll Remonetise It": Rahul Gandhi On NYAY Scheme
Congress president Rahul Gandhi today said that his party's election promise of a minimum income guarantee scheme for the poor is aimed at fixing the "damage" caused by the Narendra Modi government to the country's economy through ill-considered initiatives such as demonetisation and the Goods and Services Tax (GST).
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Filing Of Income Tax Returns Rises 50% So Far This Year
The Income Tax Department has sent two crore SMSes to people who had not filed returns or those whose income did not match with their filings.
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"Positive Impact Of Notesban": High Growth Rate Highlight Of Tax Report
The Income Tax Department has mopped up over half the kitty of the targeted direct tax revenue for this fiscal -- at more than Rs 6.63 lakh crore -- riding at a record "high growth rate of last seven years" that was also propelled by demonetisation, a latest report of the CBDT has said.
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Income Tax Returns Not Filed In 80,000 Cases Post-Notes Ban, Says Taxman
The taxman has said it sent emails and SMSes to a large number of people who have filed their returns after this communication.
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File Returns Or Face Penalty, Tax Department To Notes Ban Cash Depositors: 5 Points
Tax department warns of penalties and prosecution of people and companies which do not file their returns for assessment year 2016-17 and 2017-18.
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Tax Department Asks Notes Ban Cash Depositors To File Returns By March 31
The department, in public advertisements issued in leading dailies, said it was the final call for filing of belated or revised ITRs for assessment years 2016-17 and 2017 -18.
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Number Of Taxpayers Increased By 19.5% After Demonetisation, Says Government
The number of taxpayers increased by 19.5 per cent in one year post-demonetisation from 3.25 crore to 3.89 crore, Parliament was told on Friday.
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Tax Department Slaps 1.16 Lakh Notices For Suspicious Cash Deposits
'Notices sent to individuals, firms which made cash deposits of over Rs 25 lakh post note ban but failed to file returns by due date.'
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Suspicious Cash Depositors During Note Ban Drive Under Taxman's Lens
The Income Tax Department will soon issue notices to those who have deposited "suspicious" amounts of money in banks post-demonetisation, said Sushil Chandra, chairman, Central Board of Direct Taxes.
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Did Demonetisation Increase Tax Base? Not Really
If the government is to be believed, the ban on high-value currency led to a significant surge in India's tax base over the past year. To back this claim, the government has released a deluge of data. Including the claim that that there was a 25 per cent increase in tax returns in the April-August 2017 period, compared to the same period last year....
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20,000 Assessees To Face Taxmen's Heat As I-T Department Starts Scrutiny
Over 20,000 tax returns have been selected for detailed scrutiny after their profiles before and after demonetisation did not match
-
Madhya Pradesh's Bizarre Currency Exchange Plot Involves Occultist, Djinn
The Crime Branch team seized the demonetised notes and promptly informed the Election Commission and the Income Tax Department. Their ongoing investigation aims to determine whether these notes were intended for distribution among villagers.
-
No Proposal To Launch Gold Amnesty Scheme: Report
There is no such gold amnesty scheme under consideration of Income Tax Department as being reported in media, the sources said.
-
"Will End Poverty Without New Taxes": Manmohan Singh Speaks Up For NYAY
Former Prime Minister Manmohan Singh today endorsed the Congress' NYAY scheme, claiming that its promise of providing annual income support of Rs 72,000 to each of India's poorest families will not only restart the nation's growth engine but also stimulate demand in a manner leading to increased economic activity and job creation.
-
Income Tax Department To Probe 3 Lakh De-Registered Firms For Money Laundering
The CBDT has also asked the tax offices to undertake this special task and bring under their ambit the time period (over last two years) when these companies were struck off from the records of the Ministry of Corporate Affairs (MCA).
-
"PM Modi Demonetised India, We'll Remonetise It": Rahul Gandhi On NYAY Scheme
Congress president Rahul Gandhi today said that his party's election promise of a minimum income guarantee scheme for the poor is aimed at fixing the "damage" caused by the Narendra Modi government to the country's economy through ill-considered initiatives such as demonetisation and the Goods and Services Tax (GST).
-
Filing Of Income Tax Returns Rises 50% So Far This Year
The Income Tax Department has sent two crore SMSes to people who had not filed returns or those whose income did not match with their filings.
-
"Positive Impact Of Notesban": High Growth Rate Highlight Of Tax Report
The Income Tax Department has mopped up over half the kitty of the targeted direct tax revenue for this fiscal -- at more than Rs 6.63 lakh crore -- riding at a record "high growth rate of last seven years" that was also propelled by demonetisation, a latest report of the CBDT has said.
-
Income Tax Returns Not Filed In 80,000 Cases Post-Notes Ban, Says Taxman
The taxman has said it sent emails and SMSes to a large number of people who have filed their returns after this communication.
-
File Returns Or Face Penalty, Tax Department To Notes Ban Cash Depositors: 5 Points
Tax department warns of penalties and prosecution of people and companies which do not file their returns for assessment year 2016-17 and 2017-18.
-
Tax Department Asks Notes Ban Cash Depositors To File Returns By March 31
The department, in public advertisements issued in leading dailies, said it was the final call for filing of belated or revised ITRs for assessment years 2016-17 and 2017 -18.
-
Number Of Taxpayers Increased By 19.5% After Demonetisation, Says Government
The number of taxpayers increased by 19.5 per cent in one year post-demonetisation from 3.25 crore to 3.89 crore, Parliament was told on Friday.
-
Tax Department Slaps 1.16 Lakh Notices For Suspicious Cash Deposits
'Notices sent to individuals, firms which made cash deposits of over Rs 25 lakh post note ban but failed to file returns by due date.'
-
Suspicious Cash Depositors During Note Ban Drive Under Taxman's Lens
The Income Tax Department will soon issue notices to those who have deposited "suspicious" amounts of money in banks post-demonetisation, said Sushil Chandra, chairman, Central Board of Direct Taxes.
-
Did Demonetisation Increase Tax Base? Not Really
If the government is to be believed, the ban on high-value currency led to a significant surge in India's tax base over the past year. To back this claim, the government has released a deluge of data. Including the claim that that there was a 25 per cent increase in tax returns in the April-August 2017 period, compared to the same period last year....
-
20,000 Assessees To Face Taxmen's Heat As I-T Department Starts Scrutiny
Over 20,000 tax returns have been selected for detailed scrutiny after their profiles before and after demonetisation did not match
