Income Tax

PM Modi to launch platform to honour honest taxpayers

Prime Minister Narendra Modi has called a meeting with all Principal Chief Commissioners and Chief Commissioners of Income Tax on August 13 to launch a new tax programme, ‘Transparent Taxation — Honouring the Honest’.

Aug 13, 2020, 07:40 AM IST

FY 2018-19 Revised Income Tax Return Filing: Step by step guide on how to do it online

Here is a step by step guide on how to file revised income tax return online.

Aug 07, 2020, 16:35 PM IST

ITR Filing FY 2019-20: Deadline to claim tax benefits under Section 80C expires today

Those willing to claim income tax benefits under Section 80C for FY 2019-20 (Assessment Year 20-21) will have to hurry up.

Jul 31, 2020, 11:16 AM IST

FY 2018-19 Income Tax return filing, revised ITR deadline extended till September 30: Know who needs to file revised ITR

It is to be noted that this is the third extension given by the Centre to taxpayers to file both original and revised tax returns for 2018-19 fiscal.

Jul 30, 2020, 14:15 PM IST

CBDT extends FY19 income tax return filing deadline till September 30 due to COVID-19

The Central Board of Direct Taxes (CBDT) on Wednesday (July 29) extended the deadline for filing income tax returns for 2018-19 fiscal till September 30 due to coronavirus COVID-19 pandemic.

Jul 30, 2020, 07:45 AM IST

Are you aware of this Income Tax campaign starting today? Know how it will impact you

The 11 days campaign ending on July 31 focuses on the assessees/taxpayers who are either non-filers or have discrepancies/deficiency in their returns for the FY 2018-19.

Jul 20, 2020, 14:59 PM IST

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ashok gehlot income tax department raid in delhi, jaipur and mumbai

जयपुर समेत दिल्ली और मुंबई में भी छापेमारी, नगदी बरामद

Jul 14, 2020, 08:30 AM IST

TDS deduction: Employees should inform employers about intention to opt new tax regime, says CBDT

CBDT said an employee intending to opt for concessional rates of income tax as provided in the Budget 2020 may intimate the deductor or his employer of such intention.

Apr 14, 2020, 00:40 AM IST

Government open to suggestions for better implementation of Vivad Se Vishwas scheme: CBDT chief PC Mody

The CBDT chairman clarified the doubts by answering frequently asked questions and said that no scheme could be conceived with all the perfections, so also could be this scheme.

Apr 07, 2020, 00:16 AM IST

We are moving from Process Centric Tax System to Citizen Centric Tax System: PM Modi

Urging people to take a pledge and pay taxes, he said that making the Indian economy worth USD five trillion is not easy, but still is achievable.

Feb 12, 2020, 23:34 PM IST

I-T officials quiz Tamil Actor Vijay on sets of ‘Master’ over alleged tax evasion case

Popular Tamil actor Vijay was on Wednesday (February 5) questioned by Income Tax officials for five hours on the sets of his upcoming movie ‘Master’.

Feb 05, 2020, 18:17 PM IST

Budget 2020: New income tax regime and exemptions

The new and simplified personal income tax regime wherein income tax rates will be significantly reduced for the individual taxpayers who forgo certain deductions and exemptions.

Feb 01, 2020, 17:46 PM IST

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Budget 2020: FM announces new income tax slabs, simplifies direct tax regime

Finance Minister Nirmala Sitharaman today slashed the personal income tax rate for individuals for fiscal year 2020-21. Under the new regime, taxpayers will pay 10%, 15%, 20% and 25% for incomes between Rs 5-7.5 lakh, Rs 7.5-10 lakh, Rs 10-12.5 lakh and Rs 12.5-15 lakh.

Feb 01, 2020, 15:26 PM IST

Income tax rates and slabs cut with riders in Budget 2020

Budget 2020 has given an option to the personal income tax-payers to avail of lower rates for those earning up to Rs 15 lakh per year.

Feb 01, 2020, 13:49 PM IST

Budget 2020: FM Sitharaman says 60 lakh new taxpayers added in last 2 years

India Budget 2020 speech: The FM said that GST has been the most historic of the structural reforms, adding it has been gradually maturing into a tax that has integrated the country economically. She revealed that a total 60 lakh new taxpayers have been added in the last two years and as many as 40 crore income tax returns have been filed. The finance minister also informed the Lok Sabha that 105 crore e-way bills have been generated under the GST.

Feb 01, 2020, 11:49 AM IST