IT Department Current Affairs, GK & News
PM to announce next set of direct tax reforms
The Prime Minister Narendra Modi is all set to launch the next set of direct tax reforms in the country keeping in mind the announcements made in the Union Budget 2020-21. The PM will honour the country’s honest taxpayers by launching a platform to that effect. Details of the Platform The platform, named as ‘Transparent ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs
Topics: CBDT • Central Board of Direct Taxes • corporate tax • direct tax • Direct Tax Reforms • Income Tax • IT Department
CBDT inaugurates Web Portal for exchange of information on Income Tax
Central Board of Direct Taxes (CBDT) has inaugurated the Web Portal for Exchange of Information on Income Tax which will consolidate all relevant Automatic Exchange of Information (AEOI) related information at one place. This portal will help in convenient access by public, financial institutions as well as departmental officers at large. Web Portal for Exchange ..
Month: Current Affairs - November, 2019
Category: Economy & Banking Current Affairs
Topics: AEOI • Automatic Exchange of Information • CBDT • Central Board of Direct Taxes • Income Tax • IT Department • Web portal
61 Individuals Declared Annual Income of Over Rs 100 Crore
As per the information provided by Minister of State for Finance Pon Radhakrishnan to the Lok Sabha 61 individuals who declared an income of more than Rs 100 crore during the assessment year 2017-18. Even though the numbers have increased sharply from the 38 individuals reporting income over Rs 100 Crore in the previous assessment year, ..
Month: Current Affairs - February, 2019
Topics: Annual Income • Benami Properties Transactions Act • CBDT • Central Board of Direct Taxes • Income Tax • IT Department • Ministry of Finane • Revenue Department
Income Tax Department launches on-line chat service
Income Tax (IT) Department under the Union Finance Ministry has launched an on-line chat service on its national website www.incometaxindia.gov.in with a prominent icon stating ‘Live Chat Online- ask your query’. It was announced by Minister of State (MoS) for Finance, Shiv Pratap Shukla while replying in the Lok Sabha. Since its launch in October ..
Month: Current Affairs - January, 2018
Topics: Finance Ministry • IT Department • National • Online Chat Service • Taxation