Tax Offences, Failure To Furnish Return Of Income Not To Be Prosecuted In Court: Tax Body
Business | Press Trust of India | Thursday September 12, 2019
The directive is being seen as a major move to cut down tax litigation and will save a number of assessees from legal proceedings.
Deadline For Income Tax Return Filing Extended: 10 Things To Know
Business | NDTV Profit Team | Wednesday July 24, 2019
In a major relief to the taxpayers, the Income Tax Department has extended the deadline for filing income tax return (ITR) by individuals for financial year 2018-19 by a month till August 31. The revised due date is applicable to all taxpayers who were liable to file their tax returns by July 31, the original due date. The extension comes after the...
Data Analysts Will Tally Your Bank Deposits With TDS and IT Return Post Demonetisation
Business | Press Trust of India | Thursday January 26, 2017
The I-T department has already found that post demonetisation more than Rs 2 lakh was deposited in over 60 lakh bank accounts and the total amount deposited in these accounts is over Rs 7.34 lakh crore.
SMS Alerts On Salary TDS Deduction: 10 Things About This New Service
Business | Sunday November 13, 2016
As many as 2.5 crore salaried taxpayers will now receive SMS alerts from the Income Tax Department regarding their quarterly TDS deductions.
Panel on I-T Reforms Bats for Raising Threshold for TDS Deduction
Business | Press Trust of India | Monday January 18, 2016
A high level panel on simplification of income tax laws has recommended raising the threshold limits for deduction of tax at source (TDS) and slashing the rate of withholding tax.
Failure to Pay TDS Collected Can Attract 7-Year Jail Term for Employer
India News | Press Trust of India | Friday December 4, 2015
Employers failing to pay the government the tax deducted at source (TDS) on salaries of their employees can be jailed for up to seven years, the CBDT has said.
Income Tax department finds 'prima facie' defaults by Nokia in TDS deductions
Business | Thursday January 10, 2013
The Income Tax department today said it has found prima facie defaults by Finnish handset maker Nokia's plant here in TDS deductions on royalty payments made to its parent company.
Bharti Airtel slapped with Rs 1,067 cr tax demand
Business | Wednesday January 18, 2012
The I-T Department has slapped a Rs 1,067 crore demand notice on Bharti Airtel for non-payment of TDS dues.
Tax Offences, Failure To Furnish Return Of Income Not To Be Prosecuted In Court: Tax Body
Business | Press Trust of India | Thursday September 12, 2019
The directive is being seen as a major move to cut down tax litigation and will save a number of assessees from legal proceedings.
Deadline For Income Tax Return Filing Extended: 10 Things To Know
Business | NDTV Profit Team | Wednesday July 24, 2019
In a major relief to the taxpayers, the Income Tax Department has extended the deadline for filing income tax return (ITR) by individuals for financial year 2018-19 by a month till August 31. The revised due date is applicable to all taxpayers who were liable to file their tax returns by July 31, the original due date. The extension comes after the...
Data Analysts Will Tally Your Bank Deposits With TDS and IT Return Post Demonetisation
Business | Press Trust of India | Thursday January 26, 2017
The I-T department has already found that post demonetisation more than Rs 2 lakh was deposited in over 60 lakh bank accounts and the total amount deposited in these accounts is over Rs 7.34 lakh crore.
SMS Alerts On Salary TDS Deduction: 10 Things About This New Service
Business | Sunday November 13, 2016
As many as 2.5 crore salaried taxpayers will now receive SMS alerts from the Income Tax Department regarding their quarterly TDS deductions.
Panel on I-T Reforms Bats for Raising Threshold for TDS Deduction
Business | Press Trust of India | Monday January 18, 2016
A high level panel on simplification of income tax laws has recommended raising the threshold limits for deduction of tax at source (TDS) and slashing the rate of withholding tax.
Failure to Pay TDS Collected Can Attract 7-Year Jail Term for Employer
India News | Press Trust of India | Friday December 4, 2015
Employers failing to pay the government the tax deducted at source (TDS) on salaries of their employees can be jailed for up to seven years, the CBDT has said.
Income Tax department finds 'prima facie' defaults by Nokia in TDS deductions
Business | Thursday January 10, 2013
The Income Tax department today said it has found prima facie defaults by Finnish handset maker Nokia's plant here in TDS deductions on royalty payments made to its parent company.
Bharti Airtel slapped with Rs 1,067 cr tax demand
Business | Wednesday January 18, 2012
The I-T Department has slapped a Rs 1,067 crore demand notice on Bharti Airtel for non-payment of TDS dues.
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