Tue, Jan 11, 2022
The Central Board of Direct Taxes (CBDT) has extended due dates for filing audit reports and Income Tax Returns (ITRs) for 2021-22. The decision has been taken considering the difficulties due to the COVID-19 situation.
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Tue, Dec 28, 2021
Over 4.67 crore Income Tax Returns have been filed including over 15.49 lakh ITRs filed on December 27 alone, the I-T department said on Tuesday.
Mon, Dec 06, 2021
The Income Tax Department launched the new e-filing portal on June 7, 2021. However, following the launch, there were several complaints about various glitches on the portal.
Fri, Sep 03, 2021
The government has recently extended the date of filing ITR from July 31 to September 30, 2021. However, it is of utmost importance to take precautions while filing the income tax return in order to avoid any kind of mistake.
Fri, Jul 09, 2021
The Income Tax Department has carried out a search and seizure operation on a group based in Hyderabad. The group is engaged in real estate, construction, waste management and infrastructure.
Wed, Jun 23, 2021
To discuss the issues on the new ITR e-filing portal, a meeting was held between the senior officials of the Finance Ministry and Infosys, the vendor that provided this solution on Tuesday, June 22, 2021. The meeting was presided over by the Union Minister of Finance and Corporate Affairs Nirmala Sitharaman.
Tue, Jun 22, 2021
According to the official website of Income Tax department, incometaxindia.gov.in, from assessment year 2019-20, a very senior citizen filing his return of income in Form ITR 1/4 can file his return of income in paper mode.
Tue, Jun 08, 2021
The Income Tax Department has launched the new ITR e-filing 2.0 portal for all the taxpayers yesterday, June 7, 2021. Now, one can enjoy hassle free filing of ITR by logging in to the new ITR e-filing 2.0 portal at incometax.gov.in.
Fri, Jun 04, 2021
There is an important piece of information for the income taxpayers. The income taxpayers will be able to file their income tax returns (ITR) via mobile also.
Sat, May 08, 2021
Covid 19 treatment cash payment limit: In a major relief to Covid 19 patients and their family members, the Income Tax Department has permitted hospitals and nursing homes to take cash above Rs 2 lakh or more for coronavirus treatment.
Fri, Oct 11, 2019
ITR filing: The sharp increase in the number of crorepati taxpayers has come despite slowing economy and reports of stagnancy in salaries.
Tue, May 21, 2019
The Central Board of Direct Taxes (CBDT) has issued a draft notification to amend Form 10B of the Income-tax Rules, 1962 by proposing changes in the audit report form to be filled by trusts and institutions.
Tue, Apr 30, 2019
Income tax officers and GSTN, the company that handles the information technology backbone of the new indirect tax regime, will also decide on the modalities for "automatic" and "spontaneous" exchange of data.
Tue, Jan 29, 2019
"The Income Tax Department has already attached and confiscated benami properties worth more than Rs 6,900 crore," the message said.
Tue, Dec 25, 2018
The Income Tax Act, 1961, provides that if a taxpayer considers that his total income warrants deduction of income tax at lower/ nil rate, he may apply to the assessing officer (AO) requesting for lower withholding certificate.
Tue, Oct 23, 2018
The department, in coordination with their foreign counterparts, is investigating offshore bank deposits and purchase of assets by "thousands of Indians", the officials added. The CBDT Chairman Sushil Chandra confirmed the move but refused to elaborate.
Sun, Jul 30, 2017
Return filing is nothing but a declaration from your side to the government and it reports your income from all the sources as specified under the income tax act as earned during the previous year.
Wed, Mar 29, 2017
Income Tax Department will introduce simplified e-filing of Income Tax return form on April 1 this year which will do away with some columns while filing the the IT returns.
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