Jul 19, 2016
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Finance Ministry today lauded efforts of Income Tax Department in unearthing over Rs 45 crore black money in Kolkata and adjoining areas.
There seems to be a general aversion towards e-verification of returns, a process introduced this year by the IT Dept that makes tax-filing fully paperless.
The CBDT has developed a new easy to use software after taxpayers complained of problems in filing I-T returns with digital signatures.
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The Central Board of Direct Taxes (CBDT) has taken a number of decisions over last three months with the objective of providing better taxpayer services, improv
To curb the menace of black money, the Income Tax department has notified new rules under which high-value transactions by individuals beyond a certain threshold will have to be reported by banks, property registrar and other agencies.
The onset of tax-saving season leads to a mad scramble for investment instruments to cut down tax liabilities. This financial year, tax payers can save an additional Rs 15,000 in taxes courtesy the New Pension Scheme (NPS).