The Income Tax Department (ITD) launched Operation Clean Money (Swachh Dhan Abhiyan), an e-platform to analyse large cash deposits made during the demonetisation window (9 November to 30 December 2016). Under it, e-verification of large cash has been done using data analytics for comparing the demonetisation data with information in ITD databases. ...
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The central government has enforced a new norm on LPG subsidy as the government has now debarred LPG users those who earn above Rs. 10 lakh annually from receiving subsidy. This will be applicable from users’ next refill. People who are earning above Rs. 10 lakhs per annum are not ...
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The Income Tax Department will now process and send refunds in a short time of 7-10 days as its latest technology upgrade of electronic and Aadhaar-based ITR verification has begun on a successful note. The department received 2.06 crore returns on its e-filing portal as on September 7, 2015 (last ...
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