News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
General »
 Personal income tax rate cut can revive economy
 Economic slowdown hits Income Tax collections
 IFSC and tax bills tabled in Parliament on Monday
 How to calculate tax liability on LTCG accrued from selling gold?
 Tax department launches web portal for exchange of information
 HC asks Tax Dept to permit GST assessees to file for transitional credit
 Himachal ready with scheme to settle dues of pre-GST era
 Can laid off employees save tax on their severance pay?
 Can laid off employees save tax on their severance pay?
 Government unlikely to go for income tax cut due to fiscal stress
 Why we need better property tax systems

Income Declaration Scheme: Tax offices to stay open till midnight on Sept 30
September, 16th 2016

The taxman will undertake a midnight vigil on September 30 as CBDT has directed the Income Tax Department to keep their country-wide offices open in order to receive declarations under the domestic black money window — the Income Declaration Scheme (IDS).

“The last date for making declaration under the IDS, 2016 is September 30, 2016 and hence the declarations can be filed till the midnight of that day.

“In order to facilitate the filing of declarations even after the office hours, the Principal Chief Commissioners are instructed to ensure that the counters for receiving the declarations under IDS, 2016 remain open till the midnight of September 30, 2016 in all jurisdictions,” the CBDT said in an order today.

The Central Board of Direct Taxes (CBDT) is the policy—making body of the I—T department.

Officials said the orders have been received by the tax offices in the country and have been issued after a decision in this regard was approved by the CBDT Chairperson.

CBDT boss Rani Singh Nair will also hold a review meeting in this regard on September 17 along with all the I—T regional chiefs of the country.

The government today again made it clear that all information and declarations that the I—T department receives till September 30 under IDS will be kept “confidential and shall not be shared” and has suggested that such declarations can also be made online using the e—filing website of the department.

The CBDT, while issuing its sixth clarification on the IDS recently, had ruled out any extension of the four month window that ends on September 30.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting