Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 11th May, 2017. PRESS RELEASE Income Tax Department simplifies linking PAN with Aadhaar The Income Tax Department has made it easy for taxpayers to link their PAN with Aadhaar. Responding to grievances of taxpayers regarding difficulties in linking PAN…
The government has ordered that income tax refunds of up to Rs 5,000 should be made immediately in its latest attempt to clear the backlog that the NDA had inherited. The Central Board of Direct Taxes ordered that small value refunds should be made without adjusting for outstanding arrears. Last month, it had asked the…
The Central Board of Direct Taxes has notified use of emails as the new mode of communication between the taxman and taxpayers, as part of the government’s e-initiative to reduce human interface and complaints of harassment and corruption in conducting tax related jobs. The amendment in the Income Tax Act was also required as the…
Taxpayers facing “high-pitched” assessments or unfair scrutiny by the Income Tax Department can now attempt to get their grievances redressed in a short time before undertaking the arduous litigation route of courts or other appellate mechanisms. In a maiden initiative, the Finance Ministry, through the Central Board of Direct Taxes (CBDT), has asked the department…
The Income Tax department on Tuesday issued an advisory asking taxpayers not to share their personal financial details over email or phone and urged them to register a complaint in case they face such malicious attempt. The advisory has come at a time when income tax returns (ITRs) filing season has concluded and it is…
The income tax department has launched an ambitious drive to bring under its net 10 million new taxpayers, after the government recently asked the official to achieve the target within the current financial year. As part of the governments initiative to broaden the base, the Central Board of Direct Taxes (CBDT), apex policy making body,…
Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either physically, through ATM or through internet. Type of Challans to be used for tax payments Challan Description ITNS 280 For depositing Advance tax, Self Assessment tax, Tax on Regular Assessment, Surtax, Tax on Distributed Profits of Domestic Company and Tax on Distributed income to…
CPC (TDS) has issued an advisory communication to the deductors stating about the verification of TAN’s TDS Statements filed for FY 2011, 2012 and 2013. The issued communication has been given below: Dear Deductor,(TAN: XXXXXXXXXXXX) As per the records of the Centralized Processing Cell (TDS), discrepancies have been observed with respect to your TAN in…
CPC (TDS) has issued an advisory communication to the deductors stating about the verification of PAN in TDS Statements filed for FY 2011, 2012 and 2013. The issued communication has been given below: Dear Deductor,(TAN: XXXXXXXXXXXX) As per the records of the Centralized Processing Cell (TDS), discrepancies have been observed with respect to your TAN…
Finance Minister Arun Jaitley will launch an updated version of the existing website of Income Tax Department today to enable taxpayers to file easily their IT returns or apply for a PAN card. The updated version of the existing website of the Income Tax department- www.incometaxindia.gov.in- will now be acting as a single window for…