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Honouring honest taxpayers to help change people's attitude: Arun Jaitley

Honouring honest taxpayers to help change people's attitude: Arun Jaitley

Finance Minister Arun Jaitley Monday said paying taxes in due time is the responsibility of every citizen and honouring honest taxpayers would bring in much needed change in people's attitude regarding tax payment.

Tax litigations: I-T dept to write to over 2.59 lakh taxpayers

After unleashing a massive awareness campaign for the one-time black money compliance window, the tax authority will now write to over 2.59 lakh taxpayers to avail benefits of a similar scheme where an estimated Rs 5.5 lakh crore is stuck in litigation.

Issue upto Rs 5,000 refunds fast and quick: CBDT to I-T dept

CBDT has directed the Income Tax department to "expeditiously" issue refunds worth Rs 5,000 for last three assessment years in order to provide immediate relief to taxpayers.

Just 1% of population pay taxes; over 5,000 paid more than Rs 1 crore

Just 1% of population pay taxes; over 5,000 paid more than Rs 1 crore

Taxpayers account for just about one per cent of India's population, but tax outgo was over Rs 1 crore for as many as 5,430 individuals, as per the latest data disclosed by the government for assessment year 2012-13.

Check your tax liability on tax calculator launched by IT department

Check your tax liability on tax calculator launched by IT department

 With the new Income Tax Return (ITR) forms notified recently for assessment year 2016-17, filers can do an easy check and obtain their annual tax liability on a computer-based calculator hosted by the IT department.

PM Modi meets IRS probationers, tells them 'to uphold people's trust'

PM Modi meets IRS probationers, tells them 'to uphold people's trust'

Prime Minister Narendra Modi on Thursday told a group of Indian Revenue Service probationers not harass honest taxpayers and work to ensure people-friendly initiatives reach the common man.

Why are taxpayers bearing the brunt of banks' irresponsibility? - Part II

Big defaulters of Bank should be punished.
Watch penal discussion on this sizzling issue here.

Why are taxpayers bearing the brunt of banks' irresponsibility?

Big defaulters of Bank should be punished.
Watch penal discussion on this sizzling issue here.

Don't share your PINs, passwords: I-T Dept tells taxpayers

Don't share your PINs, passwords: I-T Dept tells taxpayers

Income Tax Department on Friday cautioned taxpayers not to share their PIN or password of mails saying it never ask for such details.

Scrutiny notice to seek specific details from taxpayers: CBDT

CBDT has asked its field offices to make sure the assessment notice should contain details of specific information or documents to be furnished by the assessee.

Email project between Income Tax department, taxpayer delayed

Email project between Income Tax department, taxpayer delayed

The rollout of an ambitious pilot project of Income Tax department to begin paperless and email-based communication with taxpayers has been delayed as many chosen tax offices have not sent the required data to the CBDT even after over a month-and-a-half of the go-ahead.

Income Tax dept debuts on Twitter

Income Tax dept debuts on Twitter

The handle "incometaxindia_" is aimed to keep taxpayers and other users updated about the activities of the department.

 

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.

Income Tax refunds to be sent to taxpayers in 7-10 days

Income Tax refunds to be sent to taxpayers in 7-10 days

The department’s Central Processing Centre (CPC) as on September 7 processed 45.18 lakh returns and issued refunds to 22.14 lakh tax payers relating to assessment year 2015-16.

17 individuals owe a whopping Rs 2.14 lakh crore tax arrears

Just 17 individuals have a whopping Rs 2.14 lakh crore as outstanding tax arrears, with each of them owing more than Rs 1,000 crore.

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.

Government notifies new and simplified ITR forms

The Income Tax department has notified the new set of ITR forms, including a three-page simplified one, for taxpayers to file their returns for assessment year 2015-16.

Working to make life easy for taxpayers: CBDT

The CBDT is working to create an atmosphere where a taxpayer's life becomes so "easy" that they are never compelled to visit an I-T department office and the hassle of paying taxes is "eliminated totally", its chief has said.

E-filing of select ITRs to begin soon

E-filing of select ITRs to begin soon

Taxpayers wanting to file online I-T returns for assessment year 2015-16, using the newly notified ITR-2 or ITR-2A forms, will have to wait for few more days as the tax department is in the process of launching the facility on its official website.

All I-T refunds to be put directly in bank accounts: CBDT

The department is also planning to fully adopt and use banking services to end the current system of sending I-T refunds over the value of Rs 50,000 via cheques through the postal department.