New PAN Card rules to come into effect from today (Dec 5): 5 Things to know
The Income Tax department has changed PAN card rules with effect from 5 December 2018 i.e today. Highlights about the new PAN card rules: 1. According to the new amendment…
MHRD seeks service tax exemption for IIM-A
The Ministry of Human Resource and Development (MHRD) has written to the revenue authorities demanding an exemption of Rs 52 crore of service which is expected to be paid by…
Date for filing ITR, Audit Reports for AY 2018-19 extended till 15th October : CBDT
The Central government on Monday extended the deadline for filing income test returns (ITRs) by a fortnight. The due date has been shifted from 30th September to 1st October 2018…
Delhi High Court denies Rahul Gandhi interim relief in National Herald Case
Congress President, Rahul Gandhi was denied interim relief by the Delhi High Court, in connection to transactions between the National Herald and Young Indian Private Limited in which he challenged…
RBI makes Aadhaar Pivotal to KYC Compliance
The Reserve Bank of India has updated its master direction on Know Your Customer (KYC)- norms, which makes Aadhaar key for the due diligence process at banks and financial institutions.…
I-T Department sends notices to lakhs of cryptocurrency investors
Chairman of the Central Board of Direct Taxes (CBDT) Sushil Chandra declared during an event yesterday that the Income Tax Department has sent notices to lakhs of cryptocurrency investors, asking…
Shah Rukh Khan in Trouble As Income Tax Department Seizes His Alibag Farmhouse
The Income Tax department has provisionally sealed Bollywood Baadshah Shahrukh Khan‘s Alibag farmhouse. The property is spread in an area of 19,960 sq meters and the circle rate of the…
Out in the open: The income-tax refund scam, Bengaluru
Another scam, another day. While the country celebrates Republic day and the spirit of India, the Income-tax refund Scam comes out in the open. The scam involves employees of some…
200 Startups, Unlisted companies on target for black money laundering
Income-tax department has served notices to over 200 startups and unlisted companies for selling preference share with huge premiums.
Income Tax department extends last day to file ITR till 5th August
Tax payers can now file their ITR till 5th August after income tax department extended the deadline earlier today.