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View Income Tax Refund/ Demand Status
View Refund/ Demand Status To view Refund/ Demand Status, please follow the below steps: Login to e-Filing website with User ID, Password, Date of Birth / Date of Incorporation and Captcha.Go to My Account and click on "Refund/Demand Status". Below details would be displayed. Assessment YearStatusReason (For Refund Failure if any)Mode of Payment is displayed.…...
Income Tax Department conducts search on a prominent business group in Delhi
Income Tax Department conducted search operation on a group based in Delhi in connection with tax evasion and money laundering. The group is engaged in various e-governance projects and financial services. It has presence across several cities in India and also in Dubai. The search and seizure action have led to unearthing of several incriminating…...
CBDT exempts from TDS cash withdraws by Authorised dealer & FFMC
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No 80/2019 New Delhi, the 15th October, 2019 INCOME-TAX S.O. 3719(E).—In exercise of the powers conferred by clause (v) of proviso to section 194N of the Income-tax Act, 1961 (43 of 1961), the Central Government, after consultation with the Reserve Bank of India…...
Income Tax Update |Extension of due date for linking of PAN with Aadhaar
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes NOTIFICATION no-75/2019 New Delhi, the ~f September, 2019 S.O .. (E).- In exercise of the powers conferred under sub-section (2) of section 139AA of the Incometax…...
Income Tax Updates | Depreciation Rate Changes w.e.f. 23rd day of August, 2019| Depreciation Rate
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th September, 2019 (Income-tax) G.S.R. 679 (E).—In exercise of the powers conferred by section 32 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following rules to further…...
Cash Transactions limit| Cash payment limit
Penalty may be levied / deduction claimed can be disallowed in case of violations 1. Accept cash of Rs. 2,00,000/- or more in aggregated from a single person in a day or for one or more transaction relating to one event or occasion 2. Receive or repay Rs. 20,000/- or more in cash for transfer…...