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Income Tax Department

VsV scheme: I-T dept extends deadline to avail interest, penalty waiver till Jan 31

VsV scheme: I-T dept extends deadline to avail interest, penalty waiver till Jan 31

Tue, Dec 31, 2024

Through a circular, the Central Board of Direct Taxes (CBDT) extended the due date for determining the amount payable under the VsV scheme to January 31, 2025, from December 31, 2024.

Centre okays PAN 2.0 project worth Rs 1,435 crore to transform taxpayer registration

Centre okays PAN 2.0 project worth Rs 1,435 crore to transform taxpayer registration

Tue, Nov 26, 2024

This will be an upgrade of the current PAN/TAN 1.0 ecosystem, consolidating the core and non-core PAN/TAN activities as well as the PAN validation service.

Income tax return filer base up 2.2 times in 10 years, 5 times growth in Rs 50 lakh-plus income category: Sources

Income tax return filer base up 2.2 times in 10 years, 5 times growth in Rs 50 lakh-plus income category: Sources

Wed, Nov 13, 2024

There has been a significant increase in income tax compliance in the country with more than five-fold growth in the Rs 50 lakh-plus income category, according to sources.

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Income Tax Department notifies form for Aadhaar-PAN linking

Income Tax Department notifies form for Aadhaar-PAN linking

Sat, Jul 01, 2017

The department has also formally notified, under a CBDT notification of June 29, the procedure and format for "intimating Aadhaar number to the I-T Department by PAN holder and quoting the same in PAN applications".

Is today the last day to link Aadhaar and PAN? We decode

Is today the last day to link Aadhaar and PAN? We decode

Fri, Jun 30, 2017

Linking Aadhaar becomes mandatory from July 1 but it will not make your PAN card invalid. Time period is expected to be given soon by the IT department.

Aadhaar-PAN: Four simple ways to link before June 30

Aadhaar-PAN: Four simple ways to link before June 30

Wed, Jun 28, 2017

As many as 2.07 crore taxpayers have already linked their Aadhaar with PAN. There are over 25 crore PAN card holders in the country while Aadhaar has been issued to 111 crore people.

Income Tax filing: Here's what you need to remember; Sahaj, Aadhaar, PAN

Income Tax filing: Here's what you need to remember; Sahaj, Aadhaar, PAN

Tue, Jun 27, 2017

Quoting Aadhaar card for filing IT returns will become mandatory from July 1. Here's what you need to keep in mind

Aadhaar is must for income tax returns if you have one; Here's how you can file it online

Aadhaar is must for income tax returns if you have one; Here's how you can file it online

Wed, Jun 21, 2017

Aadhaar card is a must for your Income Tax returns this year. Due date for IT returns are usually on July 31 of every year.

Income tax mop-up begins on strong footing, up 26.2% till date

Income tax mop-up begins on strong footing, up 26.2% till date

Fri, Jun 16, 2017

Among the metros, the Mumbai zone registered the highest revenue collection growth during the period with a growth of a whopping 138 per cent at Rs 22,884 crore from Rs 9,614 crore a year ago, sources at the income tax department here told PTI today.

Be prepared taxpayers; first installment of advance tax due tomorrow

Be prepared taxpayers; first installment of advance tax due tomorrow

Wed, Jun 14, 2017

Advance Tax Payment has been given as an option by IT department to make payment of taxes in installment. Four dates are been provided and if a taxpayer does not make payment by end of March 2018, he or she will have to make 100% advance tax.

Replying to income tax scrutiny notices will be soon just a click away

Replying to income tax scrutiny notices will be soon just a click away

Sun, Jun 11, 2017

Replying to income tax scrutiny notices with supporting documents will soon be just a click away.

100% penalty if Rs 2 lakh or more transacted in cash, warns IT Department

100% penalty if Rs 2 lakh or more transacted in cash, warns IT Department

Fri, Jun 02, 2017

Income Tax Department, in an advertisement, has warned people for not transacting in cash for Rs 2 lakh or more.

Use SMS to link PAN with your Aadhaar; here's how

Use SMS to link PAN with your Aadhaar; here's how

Thu, Jun 01, 2017

You can now link Aadhaar to your PAN number via SMS facility be sending text message from your mobile phone to 567678 or 56161.

One month left: Follow any of these steps to link your Aadhaar with PAN

One month left: Follow any of these steps to link your Aadhaar with PAN

Wed, May 31, 2017

PAN number is mandatory to file income tax returns. The rules state that from this year, a taxpayer must provide their Aadhaar number while filing ITR or else their PAN card will be invalidated for life.

Income Tax Department identifies over 400 benami transactions so far

Income Tax Department identifies over 400 benami transactions so far

Wed, May 24, 2017

The Income Tax Department (I-T) has announced on Wednesday of identifying over 400 benami transactions which include deposits in bank accounts, plots of land, flat and jewellery.

1.58 lakh tax payers under lens for partial account declarations

1.58 lakh tax payers under lens for partial account declarations

Wed, May 17, 2017

The tax department is conducting analysis in conjuction with previously available/analysed data. Such incremental data analysis has already led to identification of new cases for e-verification, I-T department said.

IT raids 22 locations linked to Lalu's "benami'' land deals

IT raids 22 locations linked to Lalu's "benami'' land deals

Tue, May 16, 2017

Besides the Rashtriya Janata Dal supremo, the IT raids were also carried out on the premises of party MP P.C. Gupta`s residence as well as several businessmen and real estate agents in Delhi and Haryana`s Gurugram and Rewari.

I-T department launches online facility to correct errors in PAN, Aadhaar

I-T department launches online facility to correct errors in PAN, Aadhaar

Sun, May 14, 2017

The Income Tax department has launched an online facility to correct errors in names and other details in permanent account number (PAN) and Aadhaar document.

Name mismatch not allowing you to link PAN with Aadhaar? Income Tax Department eases rules

Name mismatch not allowing you to link PAN with Aadhaar? Income Tax Department eases rules

Thu, May 11, 2017

On March 21, the government had made the Aadhaar card mandatory to file for income tax returns and also to apply for a permanent account number (PAN).

IT department to launch a website for operation clean money

IT department to launch a website for operation clean money

Mon, May 08, 2017

IT department to launch a website for operation clean money. Watch this special segment and get to know more here.

Govt gives 10 more days to declare unaccounted income under PMGKY

Govt gives 10 more days to declare unaccounted income under PMGKY

Fri, Apr 21, 2017

On April 19, the Ministry had sent another notification which stated that it has extended the date of making deposit under the Deposit Scheme upto 30th April, 2017

10 days left to deposit under Pradhan Mantri Garib Kalyan Deposit Scheme; Follow these 3 steps

10 days left to deposit under Pradhan Mantri Garib Kalyan Deposit Scheme; Follow these 3 steps

Thu, Apr 20, 2017

Launched on December 6, 2017, the PMGKDS was applicable to every declarant under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana - the scheme closed on March 31.

Unable to link Aadhaar and PAN? Here's how you can do it in two steps

Unable to link Aadhaar and PAN? Here's how you can do it in two steps

Mon, Apr 17, 2017

The rules state that from this year, a taxpayer must provide their Aadhaar number while filing ITR or else their PAN card will be invalidated for life.

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