The income- tax department on Sunday clarified that price indexation (adjustment to inflation) will not be available for this tax.
The CBDT states that unaccounted income detected in scrutiny assessment is liable to be taxed at a higher rate without any set off on losses, expenses etc.
The CBDT has constituted a committee to identify those IRS and other junior-rank officers of the Income Tax department who are on unauthorised leave or are absconding.
Income Tax Return - CBDT extends the last date for filing Income Tax return for the year 2015-16 (Assessment Year 2016-17) to 5th August 2016
CBDT has asked for the names of Tax defaulters of more than Rs. Crore in public domain
Procedure for submission of declaration by person claiming receipt of certain incomes without deduction of tax in Form 15G/15H
CBDT Procedure for online submission of statement of deduction of tax under sub-section (3) of section 200
It has been observed by DoPT that several recommendations of Pay Commission have not been incorporated in the Service Rules.
Committee was constituted by the Central Board of Direct Tax, to recommend standard definitions of certain commonly used terms relating to direct tax