IT Dept processes 3.27 cr returns during April-December
IT Dept processes 3.27 cr returns during April-December

Income Tax Department has processed 3.27 crore returns and has issued refunds in 1.81 crore cases.

CBDT to issue pre-filled ITR forms to ease e-filing
CBDT to issue pre-filled ITR forms to ease e-filing

As part of efforts to popularise the electronic mode of filing Income Tax Returns (ITRs), the CBDT is planning to provide "pre-filled" return forms to filers which will have an automatic upload of data on income and other vitals of a taxpayer.

I-T dept receives 2 crore returns on e-filing portal till Sept 7

The income tax department has received 2.06 crore returns, up 26.12 percent, on its e-filing portal as of September 7 - the last day for filing the returns by individuals.

E-filing: I-T dept to send 24-hr valid password to taxpayers
E-filing: I-T dept to send 24-hr valid password to taxpayers

The deadline for filing ITRs is August 31.

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Court pulls up I-T Dept for withholding info on foreign accounts

A Delhi court on Thursday pulled up the Income Tax (IT) Department for withholding information on foreign bank accounts of those persons against whom it has filed complaints and slapped a fine of Rs 10,000 on it.

Foreign travel details in ITR at suggestion of SIT: Jaitley

Foreign travel details sought in the new income tax return (ITR) forms was done so that risk profiling for detection of tax evasions could be done but the form is being modified in view of the opposition to it.

Biz leaders meet FM Jaitley; want tax return forms simplified

The industry representatives said after the meeting that Jaitley assured them to look into simplifying the ITR and at making the forms smaller and the process of filing returns quicker.

FM Jaitley to meet business chambers Friday on ITR forms

Finance Minister Arun Jaitley is likely to meet business chambers on Friday to get their views on new income tax returns form, after the government faced flak over it seeking details on bank accounts and foreign travel.

SC gives CBI three-month deadline to get details on NGOs I-T returns

The Supreme Court on Tuesday granted three months time to the Central Investigation Bureau (CBI) to provide information related to filing of Income Tax returns by the NGOs registered in the country.

IAS officer refutes allegations of disproportionate assets

IAS officer Manoj Agarwal, who has been charged by the CBI for amassing assets disproportionate to his known source of income, has refuted the allegations saying all the assets have been duly mentioned in Income Tax returns and the case was registered in a "malafide manner".

E-filing of I-T returns crosses one-crore mark

The Central Board of Direct Taxes (CBDT), the administrative authority of the Income Tax department, has recently enhanced the last date for filing of I-T returns, both manual and e-filed, to August 5 for the 2013-14 fiscal.

E-filing of income tax returns to surge on new norms

"A large number of people come under Rs.5 lakh to Rs.10 lakh category. The lowering of income limit for mandatory e-filing will give a boost to online filing of returns," Vineet Agarwal, a director at KPMG India, said.

Top I-T officials to discuss ways to augment revenue

With government targeting Rs 6.68 lakh crore from direct taxes, top income tax officers will gather here tomorrow to discuss ways to augment revenue collection and widen tax base.

I-T sends letters to 35,000 assessees for not filing returns

Continuing its drive against non-filers, the Income Tax Department Monday sent letters to another 35,000 such assessess for not filing tax returns, taking the total number of these letters to 1.75 lakh.

Government to introduce new ITR form by month-end

Government will introduce new forms for filing of income tax returns for the assessment year 2013-14 by the end of this month, Minister of State for Finance S.S. Palanimanickam said on Friday.

'E-filing must for people with annual income above Rs 5 lakh'

Taxpayers having an annual income of over Rs 5 lakh will be required to file their returns in electronic form, a senior Finance Ministry official said on Tuesday.

I-T refunds decline 23.33% in April-September

In case of refund bank facility, refund directly goes to account of concern assessee.