The Income Tax Department today warned of prosecution if undeclared income of past years is passed off as current income instead of dis...
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Showing posts with label CBDT. Show all posts
Showing posts with label CBDT. Show all posts
CBDT notifies rules for calculating assets' fair market value
The tax department today notified rules for calculating 'fair market value' of assets located in India in case of indirect tran...
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IT dept to take steps to boost TDS collections
Buoyed by a steady growth in collections from tax deducted at source (TDS), the Income Tax department now plans to undertake multiple s...
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CBDT to look into high value transactions to trace tax evaders
In order to identify tax evaders, the Income Tax department today said it will use 360 degree profiling and match the database of peopl...
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Sale of Luxury Goods hit by New PAN Rules
Mails are flying thick and fast at most luxury stores across the country as harried sales staff face a tough time trying to coax peopl...
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Wilful defaulters: IT dept to use powers to arrest, detain
Officials have been directed not to shy away from the rare provisions of arrest, detention and auctioning of attached assets of wilful ...
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CBDT signs 11 more advance pricing pacts with taxpayers
The Tax Department has signed 11 more Advance Pricing Agreements (APAs) with taxpayers covering overseas transactions within group entiti...
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