Jul 30, 2015

Cost inflation index for financial year 2015-16

The Income tax department has notified cost inflation index(CII) for the financial year 2015-16. Cost inflation index is the calculation t...

Jul 7, 2015

Income tax department will send taxpayers 24 hours valid passwords

In order to end the trouble of sending paper-based acknowledgement of e-filed Income Tax Returns (ITRs), the CBDT is planning to send a on...

Jul 6, 2015

CBDT 32 clarification on tax compliance scheme 2015

 Clarifications on Tax Compliance for Undisclosed Foreign Income and Assets The Black Money (Undisclosed Foreign Income and Assets) an...

IT refunds will come direct in bank accounts

In a step that would bring delight to taxpayers, the Income Tax department has put in motion a new plan which will ensure that any refund ...

Jul 5, 2015

Live tracking of UTR no. for RTGS/NEFT

RTGS and NEFT are the popular mode of payment now a days. It enables to pay or receive the sum very fast and cheaper too. So RTGS and NEF...

Income tax department urge taxpayers to early file e-return

The Finance Ministry today asked taxpayers to file their Income Tax returns for 2015-16 early to avoid the rush towards the last date of A...

Jul 4, 2015

Income tax last and limited time compliance for undisclosed foreign assets

THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015 (referred to here as ‘the Act’) as passed by the P...