Income Tax returns

You may face these penalties if you don't pay tax on time

You may face these penalties if you don't pay tax on time

Collection from income tax stood at Rs 1.88 lakh crore in 2015-16, lower from Rs 1.91 lakh crore in the previous year.

Dec 30, 2017, 11:06 AM 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
Government deactivates 11 lakh PAN cards: Here's how to find out your status

Government deactivates 11 lakh PAN cards: Here's how to find out your status

As the rules suggest, a person can only have one PAN number. Earlier, the government had probed cases of fake PAN cards with fabricated information about themselves. 

Aug 07, 2017, 15:10 PM IST
Aadhar number not mandatory for registering deaths, clarifies government

Aadhar number not mandatory for registering deaths, clarifies government

Earlier, in a statement, the government had said the Aadhaar number will be required for the purpose of establishing the identity of the deceased for the purpose of death registration from October 1. 

Aug 05, 2017, 00:20 AM IST
Deadline for filing income tax returns extended till August 5

Deadline for filing income tax returns extended till August 5

Tax returns for fiscal 2016-17 (assessment year 2017-18) were originally to be filed by 31 July. But in view of the reports that the e-filing website was facing glitches, the deadline has been extended to August 5.

Jul 31, 2017, 15:22 PM IST
IT department may soon have a CPC for scrutiny cases

IT department may soon have a CPC for scrutiny cases

A senior revenue department official said the department wants to reduce interface between taxpayers and the department officers and is planning to set up a CPC.

Jul 30, 2017, 17:01 PM IST
CBDT dismisses reports of extension in deadline to file Income Tax Return

CBDT dismisses reports of extension in deadline to file Income Tax Return

Amid reports of an extension of the last date to file for Income Tax returns, the Central Board of Direct Taxes (CBDT) on Saturday while denying the same said no such proposal was made.

Jul 29, 2017, 16:37 PM IST
Income Tax Filing 2017: Here's how you can check Form 26AS online

Income Tax Filing 2017: Here's how you can check Form 26AS online

Form 26AS is one of the most important documents that needs to be verified prior to filing Income Tax Returns (ITR).

Jul 29, 2017, 11:40 AM IST
Govt likely to extend July 31 deadline for filing income tax returns

Govt likely to extend July 31 deadline for filing income tax returns

The July 31 deadline for filing of income tax returns may be extended further by the government, according to media reports.

Jul 28, 2017, 19:33 PM IST
Privacy cannot be excuse for evading tax obligations: Arun Jaitley

Privacy cannot be excuse for evading tax obligations: Arun Jaitley

In the backdrop of the debate generated by the appeals on Aadhaar being currently heard by the Supreme Court on whether privacy is a fundamental right, Finance Minister Arun Jaitley on Monday said privacy cannot be touted as an excuse not to comply with one`s legal obligation on tax matters.

Jul 24, 2017, 22:33 PM IST
I-T dept probing 30,000 cases where ITRs revised after demonetisation: CBDT

I-T dept probing 30,000 cases where ITRs revised after demonetisation: CBDT

The Income Tax department is probing over 30,000 cases of alleged tax evasion wherein the returns (ITRs) were revised by assessees post demonetisation, CBDT chief Sushil Chandra said on Monday.

Jul 24, 2017, 22:23 PM IST
Aadhaar must for ITR filing, new PAN from July 1: CBDT

Aadhaar must for ITR filing, new PAN from July 1: CBDT

If the PAN is cancelled, then a person cannot do his normal banking and financial operations and hence this relief is given.

Jun 10, 2017, 17:28 PM IST
I-T dept simplifies linking PAN with Aadhaar: Now, no need to login on the e-filing website

I-T dept simplifies linking PAN with Aadhaar: Now, no need to login on the e-filing website

There is no need to login or be registered on E-filing website. This facility can be used by anyone to link their Aadhaar with PAN. 

May 11, 2017, 14:11 PM IST
I-T dept activates all ITR forms for e-filing

I-T dept activates all ITR forms for e-filing

The new ITRs have been made available for filing on the e-portal of the department -- https://incometaxindiaefiling. gov.In.

May 04, 2017, 17:04 PM IST
I-T CPC in Bengaluru gets new pin code for taxpayers benefit

I-T CPC in Bengaluru gets new pin code for taxpayers benefit

Taxpayers wanting to send their paper ITR acknowledgement forms or documents related to refunds and others to the I-T department's CPC in Bengaluru can now send it to a "unique" pin code.

Apr 13, 2017, 16:29 PM IST
Finance Bill gets presidential assent, takes effect from today

Finance Bill gets presidential assent, takes effect from today

President Pranab Mukherjee has given his assent to the Finance Bill 2017 to give effect to provisions like bar on cash transactions above Rs 2 lakh and compulsory quoting of Aadhaar for filing tax returns.

Apr 01, 2017, 16:39 PM IST
Read how income tax rules will change from today

Read how income tax rules will change from today

Here we are listing some of the key changes in rules that will be effective from the new financial year 2017-18.

 

Apr 01, 2017, 10:32 AM IST
I-T dept to seek info on deposits made during demonetisation in new ITRs

I-T dept to seek info on deposits made during demonetisation in new ITRs

The taxman will seek data on deposits made by an assessee during the demonetisation period as part of the new Income Tax Returns (ITRs) that would be notified soon for assessment year 2017-18.

 

Mar 30, 2017, 20:06 PM IST

New agency to probe anomalies in IT returns filed post demonetisation

There is a move to set up a new agency for probing anomalies in income tax returns filed by 18 lakh people after demonetisation, Union Minister Radha Mohan Singh said on Wednesday.

Feb 22, 2017, 17:15 PM 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