What is an initiative of the income tax department?
What is an initiative of the income tax department?
Some of these initiatives include, the facility to e-file income tax return (ITR), e-payment of taxes, ECS facility to deposit tax refunds directly in taxpayers’ bank accounts, and e-filing of TDS returns. These measures are now bearing fruit for the government.
What is the meaning of Kosh Mulo Dand?
The phrase “Kosh Mulo Dandah” when correctly translated, means “Treasury is the backbone of administration” – there is no concept of punishment in the tagline used by the Income Tax Department.
What is the role of income tax officer?
An income tax officer is responsible for examining and analysing tax assets and liabilities to determine the resolution of delinquent tax problems. A career as an income tax officer requires communicating with companies, lawyers, colleagues and accountants.
What is the work of income tax officer?
An Income Tax Officer (ITO) is involved in determining tax liabilities, individual and company audits, assisting the public with their tax situations and investigating work aimed at combating tax evasion.
What is Certificate of appreciation from Income Tax Department?
From AY 2016-17, Income Tax Department have started issuing certificate of appreciation for eligible taxpayers who have cleared their entire liability, have no outstanding tax liabilities and had filed their returns electronically in the prescribed time.
What is CBDT Certificate of appreciation?
The Government acknowledges the contribution of individual tax payers in paying taxes within the prescribed time and prompt filing of Income Tax Returns. The Honourable Finance Minister, Shri Arun Jaitley today handed over certificates of appreciation issued by CBDT honoring select tax payers for such contribution.
What is the eligibility to receive the Certificate of appreciation?
The eligibility to receive the certificate of appreciation is not based on the income range but depends on the amount of tax that you have paid.
What is appreciation to tax payers for their contribution towards nation building?
New Delhi, 19th September, 2016. Sub: Finance Minister conveys Government’s Appreciation to tax payers for their contribution towards Nation building. The Government acknowledges the contribution of individual tax payers in paying taxes within the prescribed time and prompt filing of Income Tax Returns.
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