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Business :
I-T Department conducts searches on two West Bengal-based firms
The Income Tax (IT) Department carried out search-and-seizure operations on two prominent Asansol (West Bengal) based group companies engaged in the business of iron and steel products, infrastructure, cement, poly fabs, agro-tech, and food processin ...
National :
Finance Ministry summons Infosys CEO Salil Parekh for explanation over glitches in e-filing portal
The Ministry of Finance summoned Managing Director and CEO Infosys Salil Parekh on August 23 to explain to Finance Minister Nirmala Sitharaman as to why even after 2.5 months since the launch of new e-filing portal, glitches in the portal have not be ...
National :
Nirmala Sitharaman asks Infosys to make Income Tax portal 'more humane, user-friendly'
Union Finance Minister Nirmala Sitharaman on Tuesday flagged concerns in the new Income-Tax portal in a meeting with Infosys officials and urged them to address these issues. ...
Business :
CBDT, CBIC sign pact to share data regularly
The Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) on Tuesday signed a memorandum of understanding for data exchange between the two organisations. ...
Business :
New Form 26AS is faceless hand-holding of taxpayers: CBDT
The new Form 26AS is the faceless hand-holding of the taxpayers to e-file their income tax returns quickly and correctly, the Central Board of Direct Taxes (CBDT) said on Saturday. ...
National :
CBDT revising I-T Return forms to enable taxpayers to avail benefits of timeline extension due to COVID-19
In order to enable taxpayers to avail full benefits of various timeline extensions granted by the Government of India due to COVID19 pandemic situations, the Central Board of Direct Taxes (CBDT) is revising the return forms for the Fiscal Year 2019-2 ...