I-T said that the Supreme Court on Friday had only given a "partial relief" to those who do not have an Aadhaar.
They will have to reply within 10 days to avoid any notice from the tax department or further enforcement action.
The department raided more than 35 premises in Maharashtra's capital city on February 25, and the Central Board of Direct Taxes (CBDT) said in a statement on Thursday that 'preliminary investigation indicates that these contractors have evaded income to the extent of Rs 200 crore on account of...malpractices'.
Tax Guru Anil Rego answers your personal income tax queries
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
If you miss the July 31 deadline, there is a late filing fee of up to Rs 10,000. Also, you cannot file returns beyond March 31, 2019.
The interest rate on these schemes have remained unchanged for over a year now.
When contacted, Raninder said said he has nothing to hide and was willing to cooperate on the issue.
Almost all verification and assessments of returns selected for scrutiny are being done electronically through an anonymous back office, manned by tax experts and officials, without any personal interface between taxpayers and officers.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
It also issued notice to the Centre and the IT department on Vodafone's plea.
A week after the Income Tax Department's much publicised new e-filing portal went live, users continued to face technical glitches ranging from longer than usual logging time, inability to respond to notices and not all features functioning yet, chartered accountants said on Monday. The new portal, "http://www.incometax.gov.in/"www.incometax.gov.in, was launched last Monday (June 7), which the tax department as well as the government said was aimed at making compliance more taxpayer-friendly. But users complained of technical issues facing the site from the very first day and not everything has been fixed even after a week, chartered accountants (CAs) said, adding that taxpayers are unable to view past e-filed returns and many features/ facilities continue to be marked 'coming soon'. Finance Minister Nirmala Sitharaman herself had asked Infosys - the vendor which created the portal - and its Chairman Nandan Nilekani to fix the technical glitches.
The Delhi High Court Tuesday said the Income Tax department is bound by its assurance to maintain confidentiality of the material seized during a survey operation at news portal Newslaundry's premises and to ensure that it is not leaked.
Cairn Energy of UK is seeking compensation from the Government of India.
Though the system is called faceless, it would have a room for inviting tax payers through video conferencing.
Karnataka energy minister Shivkumar was in-charge of hospitality for all Congress Gujarat MLAs.
The move would help in further promoting ease of doing business in the country.
In this Budget, too, there were a number of measures aimed at plugging tax leakages and ensuring greater compliance, says Sanjay Kumar Singh.
This is the seventh time that the government has extended the deadline for individuals to link their PAN with Aadhaar.
Though the surveys were still going, the IT sleuths said they are investigating the records and books of accounts of these traders to ascertain the mismatch between physical stocks of goods and stocks maintained in account books.
No attention to detail seems to have been paid while introducing such a major provision and the wide arc of people it will take in its ambit, states Harsh Roongta.
The United Forum of Bank Unions (UFBU) on Thursday said its two-day nationwide strike on March 24 and 25 will be observed as scheduled since discussions with the Indian Banks' Association (IBA) over key demands failed to yield any positive outcome. In a meeting with the IBA, all UFBU constituents raised issues, including recruitment in all cadres and a five-day workweek.
Burman did not file the details of foreign account on the ground that he did not have its statements.
During 2023-24, while the BJP received over Rs 723 crore worth of donations from Prudent Electoral Trust, it also got over Rs 127 crore from Triumph Electoral Trust and over Rs 17 lakh from Einzigartig Electoral Trust.
The Finance Ministry is of the opinion that Vodafone might drag its tax dispute to court.
