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CBDT issues Norms for Compounding of Offences under Direct Tax Law, 2019 [Read Guidelines]

The Central Board of Direct Taxes ( CBDT ) has issued a detailed guidelines for compounding offences under the direct tax law replacing the old...

Nirmala Sitharaman - Budget 2019 - Taxscan

Finance Minister holds Pre-Budget Consultation with Economists

Income Tax Dept to update ITR-5

ICAI - Pre-Budget Memorandum 2019 - Taxscan

ICAI submits Pre-Budget Memorandum 2019 [Read Memorandum]

Corruption Charges: Govt demands Resignation of 12 Income Tax Officials

Income Tax Department strikes again in J & K Region

The Income Tax Department conducted search and seizure operations today on a prominent business group based in Srinagar, covering 8 premises in Srinagar and 1 each at Bangalore and Delhi. The assessee...

Pay 1st Installment of Advance Tax by 15th June: CBDT

The Central Board of Direct Taxes ( CBDT ) has recently issued an advisory asking the taxpayers to remit the fourth and last installment of advance tax on or before 15th June 2019. Advance tax means...

ITR-7, Return for Companies, enabled in Income Tax Portal

The Income Tax department has enabled the facility to file the income tax returns by companies in Form ITR-7 in e-portal. The department, in a statement has informed that the ITR-6 will be available...

Govt may extend Income Tax Returns Deadline

In the light of recent changes introduced in the Form 16, the Salary TDS Certificate, and Form 24Q (Salary TDS Return), the Government is likely to extend the due date for filing the income tax...

CBDT extends Due Date for filing TDS Statement and TDS Certificate [Read Order]

The Central Board of Direct Taxes ( CBDT ) has extended the due date for filing TDS statement in revised format of Form 24Q and the date for issue of TDS certificate in Form 16. Considering the...

File SFT Forms till 31st May: CBDT

The Central Board of Direct Taxes ( CBDT ) has reminded that the last date for filing forms for Statement of Financial Transactions (SFT) is 31st May 2019. Under the Income Tax law, the following...

Income Tax Evasion through Shell Companies: Tax Dept trains Officers

In a move to detect black money through the shell companies, the income tax department has decided to focus and enhance the skills of Assessing Officers. At the Direct Taxes Regional Training...

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