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.
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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.
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.
Wed, Nov 10, 2021
Income Tax is a tax levied by the government of India on the income earned by every person.
Tue, Nov 02, 2021
TAN or Tax Deduction and Collection Account Number is a unique ten-digit alpha-numeric number required to be obtained by all persons who are responsible for deducting or collecting tax.
As per the information provided by the Ministry of Finance, the new AIS includes additional information relating to interest, dividend, securities transactions, mutual fund transactions, foreign remittance information etc.
Tue, Oct 26, 2021
PAN enables the Income Tax Department to link all transactions of the assessee with the department. These transactions include tax payments, TDS/TCS credits, returns of income, specified transactions, correspondence and so on.
Thu, Oct 21, 2021
The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 92,961 crore to more than 63.23 lakh taxpayers in the current financial year till October 18, 2021.
Tue, Oct 19, 2021
The Income Tax Department has made the process of getting PAN hassle free. Now one can get the PAN within 10 minutes without the need of standing in long queues.
Wed, Oct 06, 2021
A PAN card holder can apply for correction in both offline and online modes.
Tue, Oct 05, 2021
Once you have submitted your Income Tax Return (ITR), it is important to verify the same in order to complete the filing process.
Thu, Sep 30, 2021
Union Finance Minister Nirmala Sitharaman is on a tour of Chennai and Hyderabad on September 30 and October 1, 2021, respectively.
Wed, Sep 29, 2021
Generally whatever is received by an employee from an employer in cash, kind or as a facility [perquisite] is considered as salary.
Mon, Sep 20, 2021
The last date of filing Income Tax Return for FY 2020-21 has been extended to December 31, 2021. If a taxpayer holds unlisted equity shares and is confused if details regarding it should be mentioned in ITR forms or not, then here is what you need to know.
Sun, Sep 12, 2021
The Income Tax Department on Sunday said it has issued refunds of over Rs 70,120 crore till September 6 this year. The Central Board of Direct Taxes (CBDT) tweeted this information on its official twitter handle @IncomeTaxIndia.
Fri, Sep 10, 2021
The central government on Thursday extended the deadline till December 31 for filing of income tax returns by individuals for the financial year 2021, amid the coronavirus pandemic and technical glitches in the IT portal. Check the details here:
As per the information provided by the Income Tax Department, under the Income-tax Law, different forms of returns are prescribed for different classes of taxpayers. The return forms are known as ITR forms (Income Tax Return Forms).
Thu, Sep 09, 2021
The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31 July 2021 under sub-section (1) of section 139 of the Act, as extended to 30 September 2021
Tue, Sep 07, 2021
As per the information provided by the Income Tax Department, getting e-PAN is an easy and paperless process and holds same value as physical PAN Card.
Mon, Sep 06, 2021
Union Finance and Corporate Affairs Minister Nirmala Sitharaman laid foundation stone for office building of Income Tax Department at plot number 4, 5 and 6 Infantry Road in Bengaluru on Sunday, September 5, 2021.
Fri, Sep 03, 2021
The Finance Ministry has decided to split existing Provident Fund (PF) accounts into two separate accounts. The ministry has notified the Income Tax (I-T) department on 31 August.
Sun, Aug 29, 2021
“Under The Direct Tax Vivad se Vishwas Act 2020 (hereinafter referred to as “Vivad se Vishwas Act”), the amount payable by the declarant is stated in the table under section 3 of the Vivad se Vishwas Act,” this release said
Mon, Aug 23, 2021
Union Finance Minister Nirmala Sitharaman held a meeting with Infosys MD Salil Parekh to convey deep disappointment and concerns of Government and taxpayers about continuing glitches in the e-filing portal.
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