The net growth in CIT collections is 2.6 per cent while that in PIT collections is 19.5 per cent
Direct tax collection for the current financial year which ends on March 31, is about Rs 8.47 lkh cr
He warned that the I-T Department will take action if people did not volunteer information
The CBDT is working on using the extensive Aadhaar database
Taxpayers are advised to verify & update their email address, mobile number on the e-filing website
Letter comes against backdrop of people's concern that taxman may harass them post demonetisation
Four APAs pertain to manufacturing, financial and information technology sectors of the economy
It adds refund will not be withheld simply because the case has been selected for scrutiny
Tax experts expect significant clarifications in the Budget to address double-taxation concerns
Govt had to give an option to domestic black money holders to declare their unaccounted wealth
Central Action Plan 2016-17 has fixed the target to collect 20% of the net demand
It also says that the number of such scrutiny cases given to each AO should be capped
CBDT had last year created a new setup in I-T establishment to put focus on taxpayers' grievances
According to the RBI, Rs 12.44 lakh cr was deposited in banks up to Dec 10
A directive in this regard has been issued by the CBDT
Board allays fears, clarifies that amount to be reported does not pertain to an aggregation of deals
PAN holder will be able to respond electronically and retain a copy of submitted response
Indirect transfer rules will apply to stock market investments as well, says taxmen's clarification
The Committee will submit its recommendations within a month
In a letter highlights its 'serious handicap' due to a manpower shortage