Category Archives: Income Tax Press Release

CBDT introduced DIN for All Notices, Assessments Appeals Orders Etc

By | August 14, 2019

CBDT takes further steps to ensure transparency in Tax Administration by bringing in concept of DIN Posted On: 14 AUG 2019 6:11PM by PIB Delhi With a view to bringing greater transparency in the functioning of the tax-administration and improvement in service delivery, almost all notices and orders of Income Tax Department are being generated… Read More »

CBDT rebuts incorrect reports about Income Tax notices to Durga Puja Committees

By | August 14, 2019

Press Information Bureau Government of India Ministry of Finance 13 AUG 2019 There have been reports in the media about Income Tax notices being issued to Durga Puja Committees in Kolkata recently. The reports also mention that Income Tax notices were sent to the Durga Puja Committee Forum in the last few weeks. It is… Read More »

Income Tax Department search in J&K Region

By | June 12, 2019

Income Tax Department strikes again in J&K Region Posted On: 11 JUN 2019 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 group is engaged in the business of transportation, manufacturing of… Read More »

Income Tax Dept. search on business group dealing in Lotteries

By | May 6, 2019

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 04th May, 2019 PRESS RELEASE Income Tax Department conducts searches on a business group dealing in lotteries Income Tax Investigation Directorate, Chennai conducted searches on a Coimbatore based business group handling the lotteries run by certain State Governments under… Read More »

Income Tax Department search in J&K Region : undisclosed income Rs 11 crore

By | March 29, 2019

Income Tax Department carries out more search actions in the J&K Region Posted On: 29 MAR 2019 Income Tax Department carried out search actions at 5 premises located in and around Srinagar on 28th March, 2019. Two groups, which connived with local officials in facilitation of absorption of undisclosed income of undesirable elements in shops, buildings… Read More »

Income Tax slabs & Rates for FY 2019-20 (AY 2020-21)

By | March 22, 2019

Income Tax slabs for FY 2019-20 (AY 2020-21) For Income Tax Slab Rates for AY 2019-20,AY 2020-21 There are three categories of individual taxpayers:1.Individuals (below the age of 60 years) which includes residents as well as non-residents2.Resident Senior citizens (60 years and above but below 80 years of age)3.Resident Super senior citizens (above 80 years… Read More »

e-tax notices to 11 Lakh non-filers of Income Tax Return

By | March 20, 2019

The Income Tax Department’s newly set-up Centralised Verification Centre (CenVC) is planning to send the first set of e-tax notices to ‘non-filers’, starting this week. There are a total of about 11 lakh cases under scanner where I-T returns have not been filed. The notices will be issued under section 133C of the Income-Tax Act,… Read More »

Income Tax Informants Reward Scheme 2018 

By | March 20, 2019

Income Tax Informants Reward Scheme 2018  Under Income Tax Informants Reward Scheme 2018 A person can get reward up to Rs. Five crore by giving specific information about evasion of Income tax on income and assets in India and abroad. Identity of the informant shall be kept confidential. Full details of Under Income Tax Informants Reward… Read More »

CBDT SOP for cash deposit during the demonetisation Period

By | March 6, 2019

F No 225/363/2017-ITA.II Ministry of Finance , CBDT, Dated 5th March 2019 The Central Board of Direct Taxes ( CBDT ) has issued Standard Operating Proceedure (SOP) for handling cases related to substantial cash deposit during the demonetisation period in which the notice under section 142 (1) of the Income Tax Act, 1961 has not… Read More »