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CBDT reviewing its ‘faceless’ tax assessment scheme: Report

According to the report, the review was prompted by a recent order of the Allahabad high court in which it imposed a penalty of ₹50 lakh on erring tax officials.

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Representative Image
Published on Aug 23, 2022 03:40 PM IST
By, New Delhi

PAN, Aadhaar mandatory for cash deposits or withdrawals above 20 lakh

The notification said that any person who intends to make these transactions should apply for a PAN at least seven days before the date on which the transaction is intended to be made.

The principal director-general or director-general shall lay down the format and standards along with procedure for authentication of PAN or Aadhaar.  (Representational image)
The principal director-general or director-general shall lay down the format and standards along with procedure for authentication of PAN or Aadhaar.  (Representational image)
Published on May 12, 2022 05:04 PM IST
Written by Kanishka Singharia | Edited by Chandrashekar Srinivasan

4.86 crore income tax returns filed till Dec 28, 18.89 lakh in single day

The deadline to file tax returns has already been extended several times over the course of the past year due to technical glitches on the new income tax portal and the coronavirus pandemic. It was initially set on July 31, but moved to September 30, and then finally to December 31 by the Centre.

The income tax department has been regularly sharing data ahead of the December 31 deadline to file returns.(Representational Photo/MINT)
The income tax department has been regularly sharing data ahead of the December 31 deadline to file returns.(Representational Photo/MINT)
Published on Dec 29, 2021 06:41 PM IST
By, Hindustan Times, New Delhi

What is Account Information Statement: All you need to know 

The AIS is a detailed statement of all financial transactions carried out by a taxpayer in a financial year.

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Representative Image
Published on Dec 25, 2021 10:38 AM IST
By, New Delhi

‘Online filing of ITR glitches resolved': CBDT chairman

JB Mohapatra, Chairman of Central Board of Direct Taxes, said, "All the glitches and hiccups with regard to the filing of income tax returns have been resolved. On an average 2.5 lakh income tax returns are being filed per day."

Around 2.5 crore ITR has been filed and by December, the CBDT expects the numbers to go up to 4 crore.
Around 2.5 crore ITR has been filed and by December, the CBDT expects the numbers to go up to 4 crore.
Published on Nov 15, 2021 09:43 AM IST
ANI | , New Delhi
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