Direct tax revenue jumps 23.8 percent to Rs 8.98 lakh crore; net collection 52 percent above budget target
The tax department said that the growth rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) in terms of gross revenue collections stands at 16.73% and 32.30% respectively.
Oct 09, 2022, 15:56 PM IST
Tax Audit Due Date Extension for AY2022-23 Latest Update: CBDT extends last day till October 7 after glitches in income tax portal
Tax Audit Due Date Extension for AY2022-23 Latest News: The CBDT has extended the due date by a week.
Oct 01, 2022, 08:33 AM IST
FM urges I-T officials to expedite returns, refund process and grievance redressal
There is a principle of equity in tax collections now, Sitharaman said, as direct tax collections have sustained the momentum along with indirect tax collections.
Sep 28, 2022, 13:06 PM IST
Sukanya Samriddhi Yojana: Invest Rs 411 per day and get nearly Rs 66 lakh upon maturity, check payment calculation here
Account can be opened with a minimum of Rs 250 and Maximum Rs 1,50,000 in a financial year. Subsequent deposit in multiple of Rs 50. Deposits can be made in lump-sum No limit on number of deposits either in a month or in a Financial year.
Sep 28, 2022, 12:15 PM IST
From ITR to Form 16, AIS and 26AS, know ABC of Income Tax
Taxpayers often come across terms like Form 16 or 26AS, but a majority of them remain unaware of these terms.
Sep 27, 2022, 16:47 PM IST
Good news for taxpayers! Check how new Income Tax guidelines will benefit you
The Central Board of Direct Taxes (CBDT) has come out with revised guidelines for compounding of some offences under the Income Tax Act, 1961.
Sep 19, 2022, 09:06 AM IST
National Pension Scheme: Want to get Rs 50K per month after retirement? Do THIS
This scheme not only gives the benefits of saving income tax but also guarantees a fixed amount every month after retirement from the job. If you invest in this scheme with proper guidance, you can easily arrange a pension of 50 thousand rupees every month.
Sep 12, 2022, 17:28 PM IST
ED recovers Rs 11 lakh from Sanjay Raut, Rs 50 crore from Arpita Mukherjee: Know how much cash and gold you can keep at home without fearing income tax raids
The official raids conducted the by the agencies have ignited a lot of curiosity among people as to how much cash and gold one can keep in their houses/lockers.
Aug 02, 2022, 11:55 AM IST
ITR Filing deadline ends: Take a look at the memes that ruled the internet
Notably, the ITR filing date has not been extended for the first time in three years.
Aug 01, 2022, 12:53 PM IST
ITR Filing for financial year 2021-22: Facing issues with e-verification, legal heir registration, check THESE FAQs by Income Tax Dept
According to standard procedure, it takes 3–4 days for various banks to give the department information. After that, it is prefilled in the JSON for tax returns.
Jul 31, 2022, 09:58 AM IST
ITR Filing for financial year 2021-22: Will Income Tax Return filing due date be extended today?
The government reported that as of Saturday at 8:36 p.m., more than 5 crore ITRs for the assessment year 2022–23 had been submitted.
Jul 31, 2022, 09:07 AM IST
ITR Filing for financial year 2021-22: Filing ITR with multiple Form 16? Here’s how to do it
Form 16 is required for salaried individuals to file their ITR. It contains information about the Tax Deducted at Source (TDS) that the employer deducted and remitted on behalf of the employees during the fiscal year.
Jul 30, 2022, 11:33 AM IST
ITR Filing for financial year 2021-22: 10 important documents required to file income tax return
Check out the top 10 documents you would need while filing income tax returns
Jul 29, 2022, 10:23 AM IST
Akshay Kumar becomes highest taxpayer in India, receives 'samman patra' from Income Tax
Directed by Aanand L Rai and written by Himanshu Sharma and Kanika Dhillon, the film is produced by Colour Yellow Productions, Zee Studios, Alka Hiranandani in association with Cape Of Good Films.
Jul 24, 2022, 22:32 PM IST
5 advantages of filing ITRs on time: Here’s why you should submit income tax return before deadline
As per tax laws in India, it is mandatory to file your ITR or income tax returns because it serves as a form used to file information about your income and tax to the Income Tax Department.
Jul 21, 2022, 18:23 PM IST
Are you filing ITR? 5 mistakes you should avoid while filing income tax returns
The majority of these errors are the result of incorrect interpretation of tax regulations or ignorance.
Jul 16, 2022, 11:04 AM IST
Filed ITR for AY 2022-23? Top 5 things to keep in mind while filing income tax returns
Additionally, before submitting your ITR, you should gather any earnings and investment-related papers
Jul 10, 2022, 12:06 PM IST
CBI and I-T raid former NBCC officer's house in Noida
CBI and the Income Tax Department are conducting raids at the house of former NBCC officer D.K. Mittal in connection with the Prevention of Corruption Act.
Jul 09, 2022, 14:30 PM IST
CBI, I-T department raid former NBCC officer DK Mittal's home; recover Rs 2 crore
After the I-T team reached Mittal's house on Saturday morning, they counted the cash which turned out to be Rs 2 crore.
Jul 09, 2022, 13:35 PM IST
DNA: What facilities government has provided in lieu of taxes?
In the financial year 2021-22, the Government of India had received Rs 27 lakh crore as tax. Of these, Rs 14 lakh crore was received by the government in the form of direct tax and Rs 13 lakh crore in the form of indirect tax. But what facilities government has provided in return?
Jul 07, 2022, 01:42 AM IST
