income tax department
The refunds previously failed due to address not found, bank account closed among other reasons.
Tax dept issues 2.10 crore tax refunds till Nov; Rs 1.46-lakh crore refunded
03 Dec 2019 8:21 PM

The number of verified refunds pending as on November 29 are 20.76 lakh and currently being processed.

Uttar Pradesh Chief Minister Yogi Adityanath.
IT-Dept should conduct awareness drives to help traders in filing returns: UP CM
13 Nov 2019 11:20 AM

Expressing dissatisfaction over registration of only 14 lakh traders in the state, he said the number should at least reach 25 lakh.

No comments were available from either the election commissioner or his wife. Ashok Lavasa was appointed election commissioner on January 23, 2018, after he retired as the Union Finance Secretary in the previous year. (Photo: File)
Income Tax notice to Election Commissioner Ashok Lavasa's wife
24 Sep 2019 10:58 AM

She has been issued notice to explain certain details in her ITR with regard to holding directorship in about 10 companies.

Compounding in I-T parlance means that the taxman does not file a prosecution case against the offender or tax evader in the court in lieu of payment of due taxes and surcharges. (Photo: ANI)
CBDT launches one-time facility for compounding of income tax offences
12 Sep 2019 12:09 PM

In order to avail the facility a taxpayer will have to file an application for compounding a tax offence before the competent authority.

Nearly 50 lakh people filed their tax returns online on August 31, the last date for ITR filing. (Representational image)
ITR Filing 2019: Over 5.65 cr income tax returns filed as deadline ended on Aug 31
02 Sep 2019 4:40 PM

Out of the 5.65 crore ITRs filed so far, 3.61 crore have been verified.

Cash withdrawal prior to September 1, 2019, will not be subjected to the TDS.
2 pc TDS on cash withdrawals of over Rs 1 crore from Sep 1: Tax dept
31 Aug 2019 11:09 AM

If a person has already withdrawn Rs 1 cr or more in current fiscal, the 2 pc TDS shall apply on all subsequent cash withdrawals.

On long term capital gains, it said tools for computation of LTCG have been provided in the departmental utility for the convenience of taxpayers.
CBDT issues FAQs on filing tax returns to help taxpayers
12 Aug 2019 10:35 AM

The FAQs are based on the queries received by the CBDT to help assessees file ITRs.

The move followed after certain startups complained about facing harassment and the taxman breathing down their neck on the angel tax issue.
Relief for startups: CBDT lays out procedure for pending angel tax assessment cases
09 Aug 2019 9:31 AM

More than 540 startups have received exemption from angel tax so far.

V G Siddhartha
Ernst and Young to investigate Coffee Day incidents
09 Aug 2019 1:14 AM

EY will investigate the circumstances that led to the statements made in the purported letter by Siddhartha dated July 27.

Coffee Day is backed by private equity firms KKR, Rivendell PE (formerly New Silk Route) and Affirma Capital, which manages the portfolio of Standard Chartered PE. KKR owned a 6.07 per cent stake in Coffee Day, Rivendell 10.61 per cent and Affirma about 5.67 per cent by June-end.
Coffee Day, Sical stocks hit lower circuit
31 Jul 2019 2:48 AM

He also accused former Director General of Income Tax department of harassment.


1 of 2