income tax 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) 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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With income tax department tightening noose on black money, startups and unlisted subsidiaries of some major Indian companies as well as multinationals find themselves in the spot.    They are...
Sep 07, 2017
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The Prime Minister’s Office (PMO) has asked income tax department to begin action against all black money deposited in banks during the demonetisation period.    I-T department was given...
Sep 06, 2017
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The total net profit of 2,418 companies went down 8.63 per cent in the first quarter of 2017-18, as against the same period last year.    The dismal performance of the companies may be...
Aug 22, 2017
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The Income-Tax department has promoted its over 65 officers to the position of Principal Commissioners.    The move is aimed to hasten its process to check shell companies.   The government...
Aug 21, 2017
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Aimed to directly communicate with the taxpayers and provide them information on useful tax services, Finance Minister Arun Jaitley has launched 'Aaykar Setu', an e-initiative by the Income Tax...
Jul 11, 2017
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The Government of India is mulling to create norms for tax department with regard to investigation into cash deposits post demonetization. The move is to curb possible harassment of taxpayers...
Jan 16, 2017
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