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People carried out high value transactions to get 21 days to file IT returns, submit response; no response to invite action: CBDT
•In cases where no return is filed or no response is received for assessment year (AY) 2018-19 within the stipulated time, the department would consider initiating proceedings under the Income Tax Act 1961.
Got your first pay cheque and found yourself eligible for tax? Here's how you go about paying your dues
Naveen Wadhwa •The first job is imperative for every individual but as soon as an employee receives the first pay cheque, he is under scanner of the Income Tax Deparment, and becomes a taxpayer.