Aaykar Setu

The Central Board of Direct Taxes has launched an app ‘Aaykar Setu’. The app helps to file income tax return (ITR) online, locate the nearest Tax Return Prepares (TRP), provides calculators and other tools, helps manage your PAN and TDS. ..

The Union Government constitutes task force to draft new Direct Tax Law

The Government of India (GoI) had constituted an 8-member task force under CBDT member Arvind Modi in November 2017 to review the Income-tax Act of 1961 and to draft a new Direct Tax Law in consonance with the economic needs ..

Arbind Modi to be convener of task force to review Income Tax Act 1961

The Union Government has recently constituted a task force to review the Income Tax Act 1961 and draft a new direct tax law in consonance with current economic needs. CBDT member Arbind Modi will be the convener of task force ..

Jammu and Kashmir government launched a scheme for disabled soldiers and their dependents in collaboration with NHFDC

The National Handicapped Finance and Development Corporation (NHFDC) was set up in January 1997 as a non-profit company under Union ministry of Social Justice and Empowerment. The corporation provides financial assistance for wide range of income generating activities to disabled ..

Income Tax Amendment Bill passed in Lok Sabha

Lok Sabha has passed the Taxation Laws (Second Amendment) Bill, 2016 in the Lok Sabha. The Bill was introduced as some of the existing provisions of the Income Tax Act, 1961 can possibly be misused for concealing black money. The ..

Union Cabinet approved proposal to levy 60% deduction on accounted deposits

The Union Cabinet has approved a proposal to levy close to 60% deduction on unaccounted deposits in banks above a threshold by amending the Income Tax (I-T) Act. The move was taken amid banks reporting over Rs 21,000 crore being deposited in ..