| Polls make IT Department richer by Rs 27.72 crores Posted: 
The Income tax Department's efforts to keep a strict watch on flow of money in poll bound states since March 1st has not gone waste. The department has managed to seize till date a total of Rs 27.72 crores as "unaccounted money" in cash from poll bound states. The money was seized in states where [...] Polls make IT Department richer by Rs 27.72 crores is a post from: taxworry.comRelated posts:No... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Diamond Trade and Real Estate- top black money spinners admits top IT Department official Posted: 
A top IT department official has bluntly gone ahead and admitted that diamond trade followed by real estate sector are notorious for black money transactions. B P Gaur, Director General of Income Tax (Investigations) in an interview told reporters that "in certain areas like real estate or diamond trade there is a lot of circulation [...] Diamond Trade and Real Estate- top black money spinners... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Why ITR-1 SAHAJ or Rule 12 require immediate amendment? Posted: 
Readers are already apprised about Error in ITR-1( SAHAJ) income tax form for Asst Yr 2011-12 . Now let us discuss about a confusion which is embedded in otherwise simple income tax form . Rule 12 of the Income Tax Rule determines which form should be used by a tax payer. CBDT has , while [...] Why ITR-1 SAHAJ or Rule 12 require immediate amendment? is a post from: taxworry.comRelated posts:Do... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Housing Deals in Delhi now under taxman scanner Posted: 
In yet another step to prevent the circulation of black money, the Central Board of Direct Taxes has announced that it will begin reviewing property deals in Delhi and take action against those found to be evading taxes. The Income Tax Department has already carried out several search and seizure operations in the National Capital [...] Housing Deals in Delhi now under taxman scanner is a post... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Advantage e-returns- quick filing, quick refunds Posted: 
The Central Board of Direct Taxes is leaving no stone unturned in order to popularise and encourage tax payers to electronically file their returns. The board has now announced another incentive to lure taxpayers to file e-returns, it has promised expeditious refunds in such cases. Normally refunds take about 5-10 months to be processed, but [...] Advantage e-returns- quick filing, quick refunds... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Error in ITR-1( Sahaj ) income tax form for Asst Yr 2011-12 spotted Posted: 
First look on the newly notified income tax form ITR-1 for Asst Yr 2011-12 which is named Sahaj (means easy) shows that there is an inadvertent mistake . D19 field of the form tells taxpayer to fill "Exempt income only for reporting purpose (From Dividend,Agriculture Income " . However it says that it should be [...] Error in ITR-1( Sahaj ) income tax form for Asst Yr 2011-12... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| RBI cautions banks on e-banking Posted: 20 Apr 2011 06:22 PM PDT 
The Reserve Bank of India (RBI) had cautioned banks that though e-banking as a new technology has many capabilities, it also has many problems and users are hesitant to use the system. "The use of e-banking has brought many concerns from different stakeholders. Everybody's primary concern is security. As more and more people are exposed to the information superhighway, privacy of information... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
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