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Tax returns
Tax returns News
ITR Filing
04 Mar 2022
ITR filing: Here's how to save income tax with this scheme
The SBI Tax Savings Scheme, 2006 is one such scheme offered by the country's largest public lender, State Bank of India. The plan has a minimum term of 5 years and a maximum tenure of 10 years. The investor is needed to make a minimum investment of Rs 1,000 or multiples thereof under this scheme.
Tax returns
09 Feb 2022
Income Tax Department issues over Rs 1.67 lakh crore refunds till Feb 7
1.48 crore refunds for Assessment year 2021-22 have been released. Corporate tax refunds of Rs 1,07,099 crore have been issued in over 2.28 lakh cases, the department said.
Tax returns
13 Sep 2021
CBDT issues income tax refunds worth Rs 70,120 crore so far in FY22
Total refunds income tax refunds consisted of Rs 16,753 crore and corporate tax refunds were worth Rs 53,367 crore.: Income tax department. CBDT issues refunds of over Rs 70,120 crore to more than 26.09 lakh taxpayers between 1st April, 2021 to 6th September, 2021. Due date of furnishing of returns of income for the assessment year 2021-22, has been extended to December 31, 2021, from September 30.
Income Tax
01 May 2021
Govt extends timelines for tax compliance. Last date for filing ITR is May 31
The Central Board of Direct Taxes (CBDT) said it had received representations from various stakeholders for relaxation on compliance requirements. Also, the due date for filing objections to Dispute Resolution Panel (DRP) and filing appeals to the commissioner has been extended till May 31.
Donald Trump
07 Oct 2019
Judge orders Trump to turn over tax returns to NY prosecutors
A federal judge on Monday said U.S. President Donald Trump must hand over eight years of tax returns to Manhattan prosecutors, forcefully rejecting the president`s argument that he was immune from criminal investigations.
ITR Filing
20 Dec 2017
Number of 'crorepatis' in assessment year 2015-16 grew 23.5%
In the assessment year (AY) 2014-15, the 'crorepati' individuals or those with gross income of over Rs 1 crore (Rs 10 million) were 48,417 with a cumulative income of Rs 2.05 lakh crore.
PAN card
19 Aug 2017
Worried about PAN Migration while shifting to new residence? Here is all you need to know
The 10-digit alphanumeric PAN number allotted to a person is used to link all of his/her financial transactions particularly tax payments, income tax return, wealth tax return.
India's tax revenues
18 Aug 2017
India will benefit from growing tax revenue in FY2018: DBS
India's tax revenues will benefit from a widening tax base and robust advance collections, but non-tax revenues will face speed-bumps in fiscal 2018, the Development Bank of Singapore said on Friday.
Tax returns
03 Aug 2017
Businesses can start filing July returns on GSTN from August 5
To make compliance easy for businesses, the GST Council has allowed businesses to initially file their returns on self-assessment basis in the first two months of the GST rollout.
Income Tax filing 2017
02 Aug 2017
ITR 2017: Know why you should file income tax returns within due date
Here are four reasons why you should file income tax returns within due date.
Donald Trump
16 Apr 2017
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.
ITR Filing
01 Apr 2017
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
15 Mar 2017
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.
White House
15 Mar 2017
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 returns
12 Feb 2017
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.
Tax payers
27 Dec 2016
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.
Donald Trump
06 Sep 2016
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
14 Nov 2015
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
22 Oct 2015
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.
Income Tax department
24 Mar 2015
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.
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