Income Tax

A quick glance at key takeaways of Budget 2018

NEW DELHI: Finance Minister Arun Jaitley's delivered his fifth and last full Budget amid subdued economic growth, challenging fiscal situation and Read More

CBDT relaxes MAT provisions for companies facing Insolvency

Relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an Read More

CBDT Asks Tax Payers to Remit TDS on payment of House Rent above Rs. 50,000 to avoid Penalty

The Central Board of Direct Taxes (CBDT) asked the tax payers to remit Tax Deducted at Source (TDS) at five Read More

Increase in number of tax payers post demonetization

Press Information Bureau  Government of India Ministry of Finance 18-August-2017 19:37 IST

Clarification regarding number of Taxpayers added after Demonetization   

Various news reports/articles have appeared Read More

Highlights of CAG Report on Direct Tax for the year ended March 2017

Report No. 40 of 2017 (Direct Taxes)

Highlights

The Comptroller and Auditor General of India conducts the audit of receipts of the Read More

How to Save Tax in this financial year 2017-18

If your annual income is more than Rs 2.5 lakh, then you have to pay 5% to 30% of the Read More

Government sets aside Rs 10,000-cr tax demand on tech companies

MUMBAI: The government said it has given relief to the information technology and IT-enabled services (ITeS) sector by setting aside Read More

Carrying out of Charitable Activity at the Stage of Commencement of Institution is not relevant for Granting 12AA Registration

The Income Tax Appellate Tribunal recently ruled that carrying out of charitable activity at the stage of commencement of institution Read More

Extension of due date of deposit of TDS/ TCS for the month of October to 08.11.2017

Notification Detail : F. No. 275/38/2017-IT(B) GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES

North Block, New Delhi Date: 13th December, Read More