Search For "income tax act"
Two foreign-controlled companies can face penalty of over Rs 1,000 cr for
Updated : 5 months, 3 weeks ago IST
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
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6 reasons to choose multi-year health insurance plans by Bajaj Finance
Updated : 9 months, 1 week ago IST
Pune (Maharashtra) [India], September 21 (ANI/NewsVoir): Medical emergencies may dent one's savings and impact their financial goals.
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Centre relaxes TDS provisions for ST community
Updated : 9 months, 1 week ago IST
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.
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Govt extends certain timelines to ease compliances under Income-Tax Act
Updated : 9 months, 1 week ago IST
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.
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CBDT extends due dates for electronic filing of various forms under Income
Updated : 10 months, 3 weeks ago IST
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
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Income Tax officials conduct searches at multiple premises linked to Daini
Updated : 11 months, 1 week ago IST
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.
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Centre extends timelines for compliances under Income-tax Act amid COVID-1
Updated : 1 year, 1 month ago IST
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
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Govt exempts Section 269ST of IT Act for hospitals, other medical faciliti
Updated : 1 year, 1 month ago IST
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
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CBDT issues clarification on residency under Income Tax Act
Updated : 1 year, 3 months ago IST
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
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CBDT provides ITR filing compliance check functionality for scheduled comm
Updated : 1 year, 9 months ago IST
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.
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No proposal to include high-value transactions in Income Tax Return, infor
Updated : 1 year, 10 months ago IST
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
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Finance Ministry announces relief for NRIs on residency status amid loc
Updated : 2 years, 1 month ago IST
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
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