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Total 171 results found. Search for [ Income tax returns scrutiny ]

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BT Online
New Delhi, July 12, 2017
Defaulters will have to pay Rs 5,000 if taxes are paid after the deadline but before December 31 of the assessment year. Failing to pay the taxes by December 31 will mean a penalty of Rs 10,000 against the defaulter.

New Delhi, June 11, 2017
Replying to income tax scrutiny notices with supporting documents will soon be just a click away.

BT Online
New Delhi, May 9, 2017
For those who do not declare their stash under the PMGKY and are raided will face 107.25 per cent tax and penalty, if they surrender thier undisclosed income during the action.

Renu Yadav
New Delhi, April 25, 2017
It is that time of the year when many of you would be giving your investment declarations for the year to your employer.

BT Online
New Delhi, April 14, 2017
The first phase of operation clean money which was launched on January 31, scrutinised cash deposits of over Rs 10 lakh.

BT Online
New Delhi, March 31, 2017
Authorities today extended the time period for those who were unable to submit a form that made declaration under the Pradhan Mantri Garib Kalyan Yojna (PMGKY) scheme official.

BT Online
New Delhi, March 28, 2017
In Gujarat's Surat, tax payers so far have deposited over Rs 160 crore under the Pradhan Mantri Garib Kalyan Yojna (PMGKY),days before the window to disclose illegal assets under the scheme closes on March 31.

BT Online
New Delhi, March 27, 2017
The whole amount has been deposited in the old currency which was banned on November 8, last year after the government's demonetisation announcement. This could be the largest deposit under the scheme in the state of Tamil Nadu.

BT Online
New Delhi, March 24, 2017
PMGKY is an amnesty scheme under which one can disclose unaccounted cash and deposits, and avoid punishment by paying 50 per cent of the disclosed amount as tax, and depositing 25 per cent in an interest-free scheme for four years.

February 20, 2017
The Income Tax department will appoint two data analytics firms in next 10 days to analyse the deposits in bank accounts before and after November 8 last year -- the day the government decided to junk 86 per cent of the currency in circulation.

By Teena Jain Kaushal & Renu Yadav
Delhi, February 4, 2017
All you need to know about the Budget to realign your finances with the new tax rules.

Anand Dhelia
February 3, 2017
The FM in his speech acknowledged the expectations of the common man and keeping this in view, he has made several proposals to mobilise additional revenue and undertake rationalisation measures. 

Mail Today Bureau
New Delhi, February 3, 2017
Stepping up the war against black money, the Income Tax Department can now scrutinise income tax returns of the previous 10 years if any search leads to undisclosed deposits or property of over Rs 50 lakh.

Archit Gupta
New Delhi, February 2, 2017
Post-demonetization, middle class has been facing many hassles due to cash crunch. They have been clamoring for tax benefits as a gesture of goodwill from government for the hardships they faced. FM ArunJaitely has heard them.

BT Online
February 1, 2017
Finance Minister Arun Jaitley on Wednesday presented Union Budget 2017-18 in Lok Sabha. 

Nupur Pavan Bang
January 20, 2017
\"Income tax returns are the most imaginative fiction being written today.\"-Herman Wouk, a Pulitzer Prize winning American author, who is more than 100 years old now. We know that this quotation is quite apt for India. Prime Minister Narendra Modi said in his address to the nation on December 31st 2016 that only about 24 lakh people declare income more than Rs. 10 lakh in India. \"Can we digest this? Look at the big bungalows and big cars around you. If we look at any big city, it would have lakhs of people with annual income of more than 10 lakh\", he said.

New Delhi, December 21, 2016
The government is likely to revise downwards the disclosures made under the black money amnesty scheme to about Rs 55,000 crore as one Hyderabad-based realtor and his associates have defaulted on tax payments after declaring more than Rs 10,000 crore unaccounted income.

New Delhi, December 14, 2016
CBDT said that post demonetisation, some taxpayers may misuse this provision to revise the return filed by them for the earlier assessment year for manipulating income with an intention to show the current year's undisclosed earnings in the earlier filing.

December 14, 2016
In a stern warning to assessees trying to misuse the provision of revising I-T returns, CBDT on Wednesday said those \"drastically\" altering the forms to revise income will face scrutiny and penal action.

Amit Singhania
November 22, 2016
The demonetisation of high denomination currency notes by scrapping 500 and 1,000 rupee notes by the Central government is widely seen as a masterstroke in an attempt to combat the menace of unaccounted money in India and to weed out counterfeited high denomination notes.

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