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The Union Minister for Law & Justice, Shri D.V. Sadananda Gowda addressing at the valedictory session of the Platinum Jubilee Celebrations of Income Tax Appellate Tribunal, in New Delhi on January 25, 2016.
The Union Minister for Law & Justice, Shri D.V. Sadananda Gowda addressing at the valedictory session of the Platinum Jubilee Celebrations of Income Tax Appellate Tribunal, in New Delhi on January 25, 2016.

INCOME TAX: I-T Dept yet to comply with CBDT order on publishing names of tax-exempt charities …

INCOME TAX NEWS

I-T Dept yet to comply with CBDT order on publishing names of tax-exempt charities
Concealed income by mistake? No I-T penalty
Income tax department to pay interest on TDS refund
Choose the correct income tax return form
Rules regarding quoting of PAN for specified transactions amended
More …

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I-T Dept yet to comply with CBDT order on publishing names of tax-exempt charities

Moneylife.in 
24 June 2016
Following repeated directions from the Central Information Commission (CIC), the Central Board of Direct Taxes (CBDT) had asked the Income Tax (I-T) Department to place in the public domain names of all organisation and entities that enjoyed tax exemption. However, the I-T department has not yet complied with the directions. …

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Concealed income by mistake? No I-T penalty   

Timesofindia.indiatimes.com
Apr 28, 2016
MUMBAI: The Mumbai bench of the Income-Tax Appellate Tribunal (ITAT), in a recent order, has taken a benevolent view and dismissed the penalty levied by income-tax officials for ‘concealment of income’ in the hands of a salaried employee. …

Income tax department to pay interest on TDS refund   

Timesofindia.indiatimes.com
Apr 26, 2016
NEW DELHI: The income tax department will now add interest amount to a delayed refund made on excess TDS deductions and will also not litigate with the deductor on this issue in the future, a latest directive has said. …

Choose the correct income tax return form   

Deccanchronicle.com 
Apr 26, 2016
Every year the government notifies the tax return forms applicable for the current assessment year. This year the tax return forms have been notified well in time just before the close of the financial year on March 3oth. The newly notified forms for the financial year 2015-16 do carry some changes over the previous year’s forms. …

Pan Card

Rules regarding quoting of PAN for specified transactions amended   

Business-standar.com
December 16, 2015
The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of transactions from third parties in a non-intrusive manner, the Income-tax Rules require quoting of Permanent Account Number (PAN) where the transactions exceed a specified limit. …

I-T dept to use email for issuing notices

Timesofindia.indiatimes.com
Sep 20, 2015
NEW DELHI: In welcome news for taxpayers, the IT department has decided to launch a new system of issuing email notices to which an assessee can respond electronically, obviating the need for a physical interface with the taxman which often led to complaints about harassment. …

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