New Delhi [India], December 31 (ANI): Two foreign-controlled mobile companies can face a penalty of over Rs 1,000 crore for not complying with the regulatory mandate prescribed under the Income-tax Act, 1961 for disclosure of transactions with associated enterprises, said the Central Board o
New Delhi [India], September 18 (ANI): The Centre has relaxed the provisions of Income-Tax Act, 1961 Act in relation to the payment of interest regarding TDS by Scheduled Bank to a member of Scheduled Tribe (ST) community on Friday.
New Delhi [India], September 17 (ANI): The Central Government has decided to extend timelines for compliances under the Income-tax Act, 1961, informed the Ministry of Finance on Friday.
New Delhi [India], August 3 (ANI): The Central Board of Direct Taxes (CBDT) has extended the due dates for electronic filing of various forms under the Income-tax Act, 1961 considering the difficulties reported by the taxpayers and other stakeholders in the electronic filing of certain Forms
New Delhi [India], July 22 (ANI): A search is being carried out in the Dainik Bhaskar group offices under the Income Tax Act over allegations of huge tax evasion, government sources said on Thursday.
New Delhi [India], May 20 (ANI): The Centre, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the severe Covid-19 pandemic, has decided to extend timelines for compliances under the Income-tax Act, 1961 (hereinafter referred to as "t
New Delhi [India], May 8 (ANI): Granting further relief in view of the pandemic, provisions of Section 269ST of Income-Tax Act, 1961 have been relaxed by the Central government, allowing hospitals and other medical facilities providing Covid treatment to patients to receive cash payments of
New Delhi [India], March 4 (ANI): Central Board of Direct Taxes (CBDT) on Wednesday issued a clarification in respect of residency under the Income Tax Act, 1961 vide Circular No.2 of 2021 dated March 3. If any individual is facing double taxation even after taking into account the relief pr
New Delhi [India], September 2 (ANI): The Central Board of Direct Taxes (CBDT) has issued an order for furnishing information about Income Tax (IT) return filing status to scheduled commercial banks.
New Delhi [India], Aug 17 (ANI): There is no proposal to modify Income Tax returns forms, said Finance Ministry sources when asked to comment on the news reports that appeared in certain sections of media where it is reported that the purported Statement of Financial Transactions (SFT) expan
New Delhi [India], May 8 (ANI): The Finance Ministry on Friday announced relief to those who have been facing difficulty with their residency status in India under section 6 of the Income-tax Act due to lockdown and suspension of international flights owing to COIVD-19 outbreak, as they have