Category: Income Tax

Timelines for Closure of financial accounts under Rule 114H (8) of the Income-tax Rules under alternative procedure of FATCA
Income Tax

Timelines for Closure of financial accounts under Rule 114H (8) of the Income-tax Rules under alternative procedure of FATCA

TaxIndiaUpdates In0 comments1085 views
Timelines for Closure of financial accounts under Rule 114H (8) of the Income-tax Rules, 1962 under alternative procedure of FATCA The Inter-Governmental Agreement (IGA) with USA for implementation of FATCA entered into force on 31st August 2015. Under the alternative procedure provided in Rule 114H(8) … Continue Reading →
23064 Searches has conducted in Last 3 years; More than Rs. 1.37 Lakh Crore of Tax Evasion has been Detected
Income Tax

23064 Searches has conducted in Last 3 years; More than Rs. 1.37 Lakh Crore of Tax Evasion has been Detected

TaxIndiaUpdates In0 comments929 views
23064 Searches has conducted in Last 3 years; More than Rs. 1.37 Lakh Crore of Tax Evasion has been Detected Department of Revenue, Ministry of Finance achieves phenomenal success towards eliminating Domestic Black Money in last three years; 23064 searches/surveys have been conducted (Income … Continue Reading →
Procedure, Formats and Standards for ensuring secured transmission of electronic communication
Income Tax

Procedure, Formats and Standards for ensuring secured transmission of electronic communication

TaxIndiaUpdates In0 comments887 views
Procedure, Formats and Standards for ensuring secured transmission of electronic communication – introduction of E-Proceeding for communication between the Income Tax Department and Assessee- reg. DGIT(S)/DIT(S)-3/AST/Paperless Assessment Proceedings/96/2015-16 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification … Continue Reading →
Petitions seeking condonation of delay in making payment of first instalment under the Income disclosure Scheme 2016
Income Tax

Petitions seeking condonation of delay in making payment of first instalment under the Income disclosure Scheme 2016

TaxIndiaUpdates In0 comments1214 views
Order under section 119 of the Income-tax Act, 1961 Subject: Petitions seeking condonation of delay in making payment of first instalment under the Income disclosure Scheme, 2016-reg.- The Board has received condonation petitions under section 119 of the Income-tax Act, 1961 (‘Act’) from some … Continue Reading →