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Tag Archive for 'income tax department'

IT Dept. Launches Mobile Tax Kiosks To Make IT Returns & Tax Filing Easier

Published on June 29, 2012 in Govt. Sector. 0 Comments Tags: income tax department, income tax returns, mobile van, task kiosk, tax income tax.

We all know that the Income Tax department would experience traffic every time the filing season of tax returns would come near. To address this increase in traffic, the department had decided to set up a special ‘tax kiosk’ in some residential areas and localities in order to facilitate any taxpayer related services. This is […]

Budget 2012: General Anti-Avoidance Rules introduced, IT dept is more powerful now

Published on March 17, 2012 in Entrepreneurship and Infotech. 0 Comments Tags: budget, budget 2012, GAAR, income tax department.

It was expected that General-Anti Avoidance Rules (GAAR) is introduced in the financial budget of 2012-13. This rule is giving more power to the income tax department. They can deny tax benefit if they are observing any kind of way to avoid the tax payments to the government. For example, if an entity is well […]