I-T department

The income tax (I-T) department is likely to introduce features in its processes viz., team-based assessment, video-conferencing and electronic review of orders, to ensure hassle-free quality...
Feb 12, 2019
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The Central Board of Direct Taxes (CBDT), the policy- making body for the income tax department, has constituted a nine- member committee, which will prepare a roadmap on the e-assessment.   ...
Dec 20, 2017
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The Central Board of Direct Taxes (CBDT) is confident that the direct tax collection would not only achieve its target for 2017-18 but it would be much more.   The CBDT is the policy-making...
Nov 15, 2017
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If you think one of your last big transactions will automatically qualify you for scrutiny by the I-T department in the post-demonetisation scenario, here’s some good news for you! You can rest...
May 16, 2017
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The new corporates will find it easy to do business in India! The Income Tax Department has joined hands with the Corporate Affairs Ministry (MCA) to issue Permanent Account Number (PAN) and Tax...
Apr 12, 2017
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The Government of India has begun tightening norms on trusts and charitable bodies.    There are allegations that these bodies, backed by corporate entities, are being used as a front for...
Feb 16, 2017
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Income tax officers will now have to file a report on the e-assessments they took up and disposed off in a particular year.   The Government of India has asked tax officials to submit self-...
Feb 14, 2017
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Addressing concerns of harassment by taxmen over scrutiny of deposits post demonetisation, Central Board of Direct Taxes (CBDT) chairman Sushil Chandra has said that only those who have deposited...
Feb 07, 2017
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As things start getting back to normalcy after the November 8 announcement on demonetisation and the taxman turns the screw on individuals with unexplained money, practitioners and senior levels of...
Jan 23, 2017
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You may have good reason to worry in case you deposited cash or purchased high value items not in accordance with your tax profile after the announcement of the Centre’s demonetization scheme. The...
Jan 02, 2017
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