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15 arrested in protests demanding Donald Trump's tax returns

15 arrested in protests demanding Donald Trump's tax returns

At least 15 people were arrested after thousands of protesters took to the streets across the US to call on President Donald Trump to release his tax returns.

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.

 

US President Donald Trump slams Pulitzer-winning journalist over tax returns

US President Donald Trump slams Pulitzer-winning journalist over tax returns

US President Donald Trump has responded to the leak of his 2005 tax returns, questioning how the journalist behind the story came to obtain the documents.

Trump tax bill revealed in fresh leak

Trump tax bill revealed in fresh leak

The White House said Tuesday that Donald Trump earned $150 million in 2005 and paid over $38 million in taxes, revealing previously undisclosed details as his tax return for that year was leaked.

Tax officers to file self-appraisal report on e-assessment

Tax officers to file self-appraisal report on e-assessment

Tightening reporting norms, the tax officers have been asked to submit self appraisal reports to the Revenue Department and explain reasons for the "poor performance" in doing e-scrutiny of tax returns.

24 lakh people have income above Rs 10 lakh but 25 lakh cars bought every year

24 lakh people have income above Rs 10 lakh but 25 lakh cars bought every year

India has just 24.4 lakh tax payers who declared an annual income of over Rs 10 lakh yet 25 lakh new cars, including 35,000 luxury cars, are being bought every year for last five years, a top official said.

 

Trump has 'something to hide' in tax returns: Clinton

Democratic White House hopeful Hillary Clinton today intensified her call for rival Donald Trump to release his tax returns, accusing the billionaire of hiding something that might turn off voters.

Income Tax department developing mobile app for filing returns

Income Tax department developing mobile app for filing returns

Income Tax department is developing a mobile app which can be used by users for filing their tax returns, a top finance ministry official said Saturday.

 

GST regime to have 8 forms for filing tax returns

GST regime to have 8 forms for filing tax returns

The Joint Committee on Business Process for GST in relation to GST Return has suggested filing of a periodic e-return for Central GST, State GST and Integrated GST.

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.

CBDT rationalises norms of scrutiny of tax returns

The Income Tax Department has rationalised the norms for manual selection for scrutiny of tax returns to bring it in line with global best practices.

E-returns: CBDT may soon do away with submission of ITRV form

"The decision could happen soon as this concerns a lot of taxpayers and will be seen as customer-friendly," a source privy to the development said.

FinMin assures India Inc of efficiency in tax administration

"As per law we will go for revenue, but what is due, we will do as per rules ... Please trust us. Ultimately we need to trust you, you need to trust us. Without trust, nothing can move on," Revenue Secretary Sumit Bose said at a CII event here.

CA student hacks industrialist Anil Ambani's I-T account

A young chartered accountant student from Hyderabad has allegedly hacked into the e-filing of income tax returns account of leading industrialist Anil Ambani, with an intention to know his income and tax amount paid over a period of time, police said today.

Govt extends last date for filing income tax returns to Aug 5

The due date, which was today, has been extended in wake of "unprecedented surge" in number of I-T returns being filed electronically.

Special counters to file tax returns in Delhi

Special counters for filing of tax returns will be set up in the national capital.

No need to file I-T returns if salary doesn't exceed Rs5L/year

Salaried employees earning up to Rs 5 lakh a year will not be required to file income tax returns from this year.