Income Tax

A total of 644 declarations have been made under the compliance window provided in the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 which closed on 30th September, 2015. The amount involved in these…

In yet another bid to curb generation of black money, quoting of the income tax Permanent Account Number (PAN) would be mandatory for cash transactions above Rs.2 lakh from January 1, 2016. “The government received numerous representations…

It is the endeavour of the Income tax Department to digitise various functions of the Department for providing efficient taxpayer services. As another significant step in this direction, electronic filing of appeal before CIT(Appeals) is…

1) At least 200 Indians arrived in India from Iraq this morning. 400 more people will return home over the next 48 hours, as the situation has gone out of control in the strife-torn Iraq. 2) As the BJP is reluctant to confer the…