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I-T rules News

24 Dec 2017

Now, IT dept to get defaulters address from banking, municipal authorities

The database of the government means all databases where a taxpayer is registered, like a driving license or voter ID, and the local authority means the municipal body or a similar department.

18 Jul 2017

Over 36 lakh bank a/cs saw cash deposit of Rs 10 lakh or more in a financial year

Over 36 lakh bank accounts have seen cash deposits of Rs 10 lakh or more in a financial year, Parliament was informed on Tuesday.

09 Aug 2015

Govt notifies changes in I-T rules to comply with FATCA pact

The Revenue Department has amended income tax rules to provide for reporting of information with regards to financial assets and accounts, a month after India signed a tax information sharing agreement with the US.

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