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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.
Published on Aug 23, 2022 03:40 PM IST
HT News Desk, 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.
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.
Published on Dec 29, 2021 06:41 PM IST
hindustantimes.com, 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.
Published on Dec 25, 2021 10:38 AM IST
hindustantimes.com, 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."
Published on Nov 15, 2021 09:43 AM IST
ANI | , New Delhi
