I-T dept to seek info on deposits made during demonetisation in new ITRs
The taxman will seek data on deposits made by an assessee during the demonetisation period as part of the new Income Tax Returns (ITRs) that would be notified soon for assessment year 2017-18.
Mar 30, 2017, 20:06 PM IST
New agency to probe anomalies in IT returns filed post demonetisation
There is a move to set up a new agency for probing anomalies in income tax returns filed by 18 lakh people after demonetisation, Union Minister Radha Mohan Singh said on Wednesday.
Feb 22, 2017, 17:15 PM IST
I-T dept issues 1.62 crore refunds worth Rs 1.42 lakh crore
The income tax department has issued refunds to the tune of Rs 1.42 lakh crore so far this fiscal till February 10, 41.5 percent higher than last year's.
Feb 13, 2017, 19:06 PM IST
Pay penalty up to Rs 10,000 for filing return late this year
Income tax department may slap penalty up to Rs 10,000 if you fail to file your income tax returns by the given deadline. The rule applies on the Assessment year 2018-19.
Feb 04, 2017, 17:00 PM IST
Taxmen can dig in past 10 years of returns to unearth black money
In a significant move to check blackmoney, Income Tax Department can now scrutinise income tax returns of previous 10 years if any search leads them to undisclosed deposits or property of over Rs 50 lakh.
Feb 02, 2017, 23:24 PM IST
Budget 2017: How 'cash donation cap of Rs 2000 on political parties' will curb black money, cleanse system
With an aim to cleanse the political funding system and check black money, Finance Minister Arun Jaitley on Wednesday proposed to restrict cash donations to political parties from individuals to Rs 2,000.
Feb 01, 2017, 19:06 PM IST
Hurry up! Today is the last day to file your income tax returns
Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by July 31. But in view of the day-long strike at public sector banks, the deadline has been extended to August 5.
Aug 05, 2016, 08:50 AM IST
Govt extends last date for filing income tax returns to August 5
Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by 31 July. But in view of the day-long strike at public sector banks, the deadline has been extended to 5 August.
Jul 30, 2016, 11:53 AM IST
Reminder: File ITRs before July 31 deadline, says I-T dept
The department has suggested the taxpayers to opt for e-filing of their Income Tax Returns (ITRs) and enjoy a hassle-free processing of the annual returns filing exercise.
Jul 17, 2016, 17:24 PM IST
Donald Trump taps climate change sceptic as energy adviser, pushes back on taxes
Donald Trump on Friday picked a prominent climate change sceptic to help him craft his energy policy and pushed back against renewed calls that he release his income tax returns - saying his tax rate is "none of your business."
May 14, 2016, 05:12 AM IST
CBDT sets August 31 as deadline for clearing pending ITRs, refunds
Taxpayers have been advised to check their status of pending returns for the said AYs at the IT department website for e-filing -- http://incometaxindiaefiling.Gov.In/. They can log in by using their PAN number and specific year of assessment.
May 09, 2016, 23:51 PM IST
ClearTax appoints three veteran Flipkart techies
ClearTax, India's leading Income Tax Returns e-filing website, has announced the appointment of Prasanth Nair, Aakash Bapna and Jai Santosh as a part of its technology vertical.
Apr 22, 2016, 12:35 PM IST
Individual e-filing of I-T returns likely from mid-April
E-filing of income tax returns for individuals for the assessment year 2016-17 is likely to begin sooner this time as the revenue department will put in place the necessary software by mid-April.
Apr 03, 2016, 12:46 PM IST
Disclose correct details of interest income in ITR: CBDT
The revenue department on Wednesday asked taxpayers to file correct details of interest received from term deposits for the assessment year 2014-15 on or before March 31, while filing their Income Tax returns (ITRs).
Mar 23, 2016, 19:51 PM IST
Congress declares highest total income at Rs 1,687 crore followed by BJP
Indian National Congress topped the chart of political parties in India by declaring the highest total income at Rs 1,687.12 crore, followed by the BJP, for the period 2010-11 to 2013-14, according to a report by the Association for Democratic Reforms (ADR).
Mar 12, 2016, 00:59 AM IST
IT Dept processes 3.27 cr returns during April-December
Income Tax Department has processed 3.27 crore returns and has issued refunds in 1.81 crore cases.
Jan 18, 2016, 15:17 PM IST
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.
Sep 24, 2015, 16:32 PM IST
I-T dept receives 2 crore returns on e-filing portal till Sept 7
The income tax department has received 2.06 crore returns, up 26.12 percent, on its e-filing portal as of September 7 - the last day for filing the returns by individuals.
Sep 10, 2015, 17:58 PM IST
E-filing: I-T dept to send 24-hr valid password to taxpayers
The deadline for filing ITRs is August 31.
Jun 29, 2015, 18:43 PM IST
Court pulls up I-T Dept for withholding info on foreign accounts
A Delhi court on Thursday pulled up the Income Tax (IT) Department for withholding information on foreign bank accounts of those persons against whom it has filed complaints and slapped a fine of Rs 10,000 on it.
May 28, 2015, 17:59 PM IST
