I-T returns

Demonetisation: I-T dept to issue notices to suspicious cash depositors

Demonetisation: I-T dept to issue notices to suspicious cash depositors

The people who have filed their returns will be examined against the amounts they have deposited during the period of demonetisation, so that we can see whether they have correctly disclosed their income or not, the CBDT chief said.

Nov 14, 2017, 20:08 PM IST
I-T returns don't suggest actual income of person, says Sessions Court

I-T returns don't suggest actual income of person, says Sessions Court

The couple was married in 1993 and was allegedly forced to leave her matrimonial house in April 2010. Katy had filed a criminal case against Nowzer under the Protection of Women from Domestic Violence Act.

Nov 13, 2017, 08:23 AM IST

IT dept to share vital data with MCA to nail down shell companies

The tax authorities will now relay audit reports of corporates and specific information from their I-T returns as also PAN data to the ministry of corporate affairs, as the government plans to crack down harder on shell companies.

Jul 27, 2017, 15:10 PM IST
CBDT notifies new scrutiny notices with e-facility for taxpayers

CBDT notifies new scrutiny notices with e-facility for taxpayers

The CBDT has notified revised income tax scrutiny notices that will allow taxpayers to conduct their business with the taxman over the Internet without needing to visit the I-T office, hence reducing physical interface between them.

Jun 24, 2017, 11:47 AM IST
I-T dept issues 1.62 crore refunds worth Rs 1.42 lakh crore

I-T dept issues 1.62 crore refunds worth Rs 1.42 lakh crore

The income tax department has issued refunds to the tune of Rs 1.42 lakh crore so far this fiscal till February 10, 41.5 percent higher than last year's.

Feb 13, 2017, 19:06 PM IST
CBDT warns penal action against those "drastically" altering ITR to revise income

CBDT warns penal action against those "drastically" altering ITR to revise income

Central Board of Direct Taxes (CBDT) on Wednesday issued strict warning to assessees who are trying to misuse the provision of revising I-T returns. 

Dec 14, 2016, 14:01 PM IST
Hurry up! Today is the last day to file your income tax returns

Hurry up! Today is the last day to file your income tax returns

Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by July 31. But in view of the day-long strike at public sector banks, the deadline has been extended to August 5.

Aug 05, 2016, 08:50 AM IST
 'Don't treat earning below Rs 5 lakh from shares as biz income'

'Don't treat earning below Rs 5 lakh from shares as biz income'

The move to make annual income of less than Rs 5 lakh made on equity trading as short-term capital gains would help reduce litigations and bring in more retail money into the stock markets.

 

Jan 19, 2016, 19:39 PM IST
FinMin asks taxpayers to e-file I-T returns early

FinMin asks taxpayers to e-file I-T returns early

The Finance Ministry today asked taxpayers to file their I-T returns for 2015-16 early to avoid the rush towards the last date of August 31.

Jul 01, 2015, 21:16 PM IST

End of paper trail in e-filing of I-T returns; Aadhaar added

In a major step aimed at easing taxpayer grievances, CBDT on Friday announced that assessees filing I-T returns online will no longer have to send the paper acknowledgement by post as a new Aadhaar-based electronic verification code has been launched to authenticate this document.

Apr 17, 2015, 20:33 PM IST

I-T dept collects over Rs 3,500 crore from non-filers

The Income Tax department has issued over 20 lakh "intimations" and collected Rs 3,569 crore in the current financial year from those taxpayers who had either not filed their tax returns or did so incorrectly.

Mar 24, 2015, 16:27 PM IST

Letters to be sent to 23 lakh assessees for not filing returns

In a last-ditch effort to meet revenue targets, the Income Tax Department will be sending out letters to 23 lakh assessees who have not filed returns.

Feb 16, 2014, 12:27 PM IST

Beware of fraud, fake mobile applications: I-T to taxpayers

The fake mobile applications use the name and purpose of I-T returns to conceal their fraud identity.

Sep 04, 2013, 15:41 PM IST

`I-T returns, performance report out of RTI ambit`

The Supreme Court has ruled that the details of a person`s income tax returns and performance of an employee are "personal information".

Oct 04, 2012, 21:02 PM IST

File income tax return online: It's easier, secure

As the July 31 deadline for filing income tax returns looms, there is usually a huge rush among the taxpayers.

Jul 16, 2012, 10:04 AM IST

SBI launches eFile service for filing I-T returns

State Bank of India (SBI) on Wednesday launched a new service that will facilitate filing Income Tax returns online.

Jul 04, 2012, 20:10 PM IST

E-filing of I-T returns expected to double this fiscal

The Income Tax department is expecting a 100 percent increase in e-filing of returns this fiscal as taxpayers whose annual salary exceeds Rs 10 lakh.

Jul 01, 2012, 15:29 PM IST

Sonia refuses to reveal I-T info, fears misuse

Congress president Sonia Gandhi has refused to disclose details of her I-T returns, citing personal freedom and security risk.

Feb 24, 2012, 11:40 AM IST

‘No I-T returns filed by 300 political parties’

A country-wide probe conducted
by the Income Tax department has found that close to 300
registered political parties have never filed their tax
returns.

Jul 17, 2011, 16:03 PM IST

CPIO`s order against disclosing ex-CJI`s I-T returns upheld

An Income-Tax appellate authority
here has upheld the order of Central Public Information
Officer (CPIO) not to provide a copy of NHRC chairperson and
former CJI K G Balakrishnan`s I-T returns to an RTI applicant.

Apr 19, 2011, 16:22 PM IST