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Archived News in Direct Tax
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September , 2018
1. Good news? Taxpayers missing this big point Income Tax Return (ITR) filing deadline extended Open this result in new window. Sep, 27th 2018
The CBDT extended the deadline for filing Income Tax Return (ITR) and audit repo...
2. Income tax return (ITR) filing: Pay tax on this PF account withdrawal Open this result in new window. Sep, 26th 2018
The withdrawal amount of an account consists of the investment/principal portion...
3. These three tax deductions that can be reversed Income Tax Open this result in new window. Sep, 26th 2018
There are tax deductions for long-term investments. If, however, you invest only...
4. Direct taxes code draft law is likely to seek less power for the taxman Open this result in new window. Sep, 25th 2018
The panel charged with drafting a new direct tax code is said to have completed ...
5. CBDT extends deadline for filing ITRs with audit reports to Oct 15, 2018 Open this result in new window. Sep, 25th 2018
The government has extended last date for filing of income tax returns (ITRs) fo...
6. ITRs rising, but not tax collection Did cash ban help raise tax base? Open this result in new window. Sep, 24th 2018
Income-tax returns (ITRs) have seen a surge post demonetisation and GST introduc...
7. Notification No. 52 /2018 Central Board of Direct Taxes Open this result in new window. Sep, 21st 2018
MINISTRY OF FINANCE ...
8. Tax relief! You don't have to pay income tax on this money gift Open this result in new window. Sep, 21st 2018
Gift received from a relative (including brother) is not liable to tax. Hence, y...
9. No Due Date Extension..?? CBDT asks to file IT Returns and Tax Audit Reports before 30th September Open this result in new window. Sep, 20th 2018
The Central Board of Direct Taxes ( CBDT ) today directed the companies and othe...
10. Here's how to get them Latest ITR forms ask for more income details:  Open this result in new window. Sep, 20th 2018
After revising the e-ITR forms on August 1 post extending the deadline for of fi...
11. Notification Central Board Of Direct Taxes Open this result in new window. Sep, 20th 2018
MINISTRY OF FINANCE ...
12. Life insurers seek separate investment window in income-tax deduction Open this result in new window. Sep, 20th 2018
Life insurance companies have urged the regulator to work out a special investme...
13. Taxpayers may lose this benefit Income tax returns (ITR) filing Open this result in new window. Sep, 19th 2018
Income tax returns (ITR) filing: The Law Commission of India issued a consultati...
14. CBDT Notifies Rules for Computing Fair Market Value of Inventories converted to Capital Asset Open this result in new window. Sep, 19th 2018
The Central Board of Direct Taxes ( CBDT ) has notified the rules relating to th...
15. CBDT report India inked 67 APAs in FY18 Open this result in new window. Sep, 19th 2018
India signed as many as 67 advance pricing agreements in 2017-18, the CBDT&rsquo...
16. Pay tax on this PF account withdrawal Income tax return (ITR) filing Open this result in new window. Sep, 18th 2018
The withdrawal amount of an account consists of the investment/principal portion...
17. Government notifies withholding tax waiver for masala bonds Open this result in new window. Sep, 17th 2018
Investors will not have to pay withholding tax, a key levy on the rupee-denomina...
18. E commerce companies set to collect tax from sellers  Open this result in new window. Sep, 14th 2018
Ecommerce platforms such as Amazon, Flipkart, and Myntra will from October 1have...
19. What to do if you have missed deadline Income Tax return (ITR) filing Open this result in new window. Sep, 13th 2018
Although the last day to file the Income Tax Returns got over on 31st August, yo...
20. How much tax do you pay on your investments? Open this result in new window. Sep, 12th 2018
Consider the tax implication of every asset class before investing in order as t...
21. Will taxpayers lose a legal way to save tax? Open this result in new window. Sep, 12th 2018
The Law Commission of India issued a consultative paper "Reform of family law" o...
22. What to do if you have missed ITR filing deadline Open this result in new window. Sep, 11th 2018
While the income tax dept allows ITR late filing until one year from the end of ...
23. Draft notification proposing amendments in rule 114 of the Income-tax Rules, 1962 and permanent account number application Forms (Form 49A and Form 49AA) Open this result in new window. Sep, 10th 2018
Government of India ...
24. Incentivising ‘quality orders’ of CIT(A) Open this result in new window. Sep, 10th 2018
Quality orders as per CBDT Action Plan include cases where enhancement has been ...
25. New ITR forms ask for year-wise PF contribution details in case of taxable withdrawal  Open this result in new window. Sep, 07th 2018
If you still have not filed your income tax return (ITR), there is some bad news...
26. Why filing tax return is a must for Global Indians Income Tax Return filing Open this result in new window. Sep, 07th 2018
Filing tax returns comes with many advantages for Global Indians. NRIs who have ...
27. Tracking your income tax refund status is simple Open this result in new window. Sep, 06th 2018
Once you file your return through your PAN, you can track the status of your ref...
28. I-T dept plans to tap ITR data to track black money, nab tax evaders Open this result in new window. Sep, 04th 2018
Taxmen have been tracking those who made large deposits in banks during the demo...
29. Direct tax collections sluggish despite rise in IT return filings Open this result in new window. Sep, 04th 2018
Even as government pats itself on the back for 71 per cent surge in the number o...
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