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Business :
New Transaction rules: PAN, Aadhar card mandatory for transaction of Rs 20 lakh
The central government has introduced some new rules regarding money transactions in banks or post offices. Under the new ... ...
Business :
Income and corporation tax collection in 2021-22 best in 5 years: CBDT Chairman
Direct tax collections surged to Rs 14.09 lakh crore in 2021-22 registering a year-on-year growth of 49.02 per cent on the back of strong growth in mop-up from income and corporation tax, Central Board of Direct Taxes (CBDT) Chairman J B Mohapatra sa ...
Business :
CBDT signs 62 Advance Pricing Agreements in FY 2021-22
The Central Board of Direct Taxes (CBDT) has entered into 62 Advance Pricing Agreements (APA), which seeks to provide certainty to taxpayers in the field of transfer pricing through an agreement in advance, in the financial year 2021-22, the Union Fi ...
Business :
Non-linking of PAN-Aadhaar will attract Rs 500 fine after March 31
If an individual fails to link Permanent Account Number (PAN) with Aadhaar by March 31, 2022, then he/she will have to pay a penalty of Rs 500. After three months this penalty will be increased to Rs 1000, as per a notification issued by the Central ...
International :
Proptech startup under I-T scanner for tax evasion worth Rs 224 cr
New Delhi, March 21 After the Income tax department recently raided a proptech startup based in Pune and ... ...
International :
Govt focus on expeditious framework for Black Money Act
New Delhi, March 7 Considering the objective of the Black Money (Undisclosed Foreign Income and Assets) and Imposition ... ...
Business :
Income tax refunds of Rs 1.71 lakh crore released till 14th Feb
The Central Board of Direct Taxes (CBDT) has issued income tax refunds of Rs 1.71 lakh crore to nearly two crore taxpayers in the current financial year till February 14, the Income Tax Department said on Wednesday. ...
Business :
Income Tax refunds of Rs 1.62 lakh crore issued so far this fiscal
The Central Board of Direct Taxes (CBDT) has issued Rs 1.62 lakh crore income tax refunds to over 1.79 crore taxpayers till January 24, 2022 of the current financial year, official data showed on Thursday. ...
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