I-T Department | The Asian Age

Friday, Apr 26, 2024 | Last Update : 06:33 PM IST

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Income Tax department has indicated it will not extend returns filing deadline this time.

July 31 remains deadline for filing I-T returns, clarifies CBDT

The direct taxes body has also said that it has not received any proposal to extend last date.

29 Jul 2017 10:35 AM

Income tax department has come down heavily on companies laundering money.

Massive crackdown on shell companies in offing: CBDT

MCA has already cancelled registrations of over 1.62 lakh companies for non-filing of financial statements.

27 Jul 2017 4:03 PM

This year income tax department has brought about any changes in tax filing exercise.

How different I-T returns filing would be this year

Authorities have introduced ITR-1 or Sahaj form for individual tax payers who earn not more than Rs 50 lakh.

18 Jul 2017 12:57 PM

Income Tax department has launched Aakar Setu for all tax-related needs.

Aaykar Setu has seen 10,000 downloads: CBDT

Arun Jaitley had launched 'versatile' mobile app on July 10 for all tax-related needs.

15 Jul 2017 4:54 PM

As many as 2.07 crore taxpayers have already linked their Aadhaar with PAN. (Photo: PTI)

Govt amends I-T rules, makes Aadhaar-PAN linking must from July 1

There are over 25 crore PAN card holders in the country while Aadhaar has been issued to 111 crore people.

28 Jun 2017 10:59 AM

Agency story ‘fictitious’, says AAP

When Mr Jain told the I-T department he wanted to confront the four persons, it allowed him to talk to one Babloo.

20 Jun 2017 3:26 AM

Income Tax department has launched massive crackdown on tax evaders.

I-T dept unearths 400 benami deals, attaches Rs 600-cr properties

Crackdowns form part of tax dept's efforts to implement new Benami Act to ensure visible outcomes.

24 May 2017 6:49 PM

Government has laucnhed massive crackdown on black money hoarders.

60,000 'black money hoarders' under I-T scanner

CBDT has already detected undisclosed income over Rs 9,334 crore from Nov 9, 2016 to Feb 28 this year.

14 Apr 2017 10:58 AM

Submit proof for your HRA exemption claim: I-T dept

I-T dept swings into action after subtantial rise in number of fake rent receipts employers are getting.

11 Apr 2017 2:38 PM

Income Tax process has further been simplified from this assessment year.

These are benefits of early filing of income tax returns

Your application for housing or educational loan or registration of immovable property gets faster clearance.

10 Apr 2017 2:27 PM

1,000 shell firms which indulged in bogus transactions worth Rs 13,300 crore in the three financial years were identified by the revenue department.

Raids helped detect Rs 1.37 lakh crore in three years

The amount involved in non-genuine transactions of such beneficiaries was more than Rs 13,300 crore.

08 Apr 2017 1:56 AM

PAN card is impotant document issued by I-T department.

Banks can obtain PAN from a/c holders till June 30

Tax department says rule 114B lists various transactions for which quoting PAN is mandatory.

07 Apr 2017 2:57 PM

Minimum income tax rate has been halved from 10 per cent to 5 per cent.

ClearTax launches tech platform for GST

GST Suvidha Provider will be adept to handle over 1 bn invoices, to be generated after GST rollout.

05 Apr 2017 4:37 PM

Simplified income tax forms will make process of filing hassle-free.

I-T Returns form simplified: Things you should know

Presently, salaried class and individual taxpayers fill SAHAJ or ITR-1 for filing their tax returns.

31 Mar 2017 5:03 PM

Income tax department has come up with simplified returns form.

Govt notifies simplified ITR; e-filing starts tomorrow

Currently, SAHAJ (ITR 1) is filed by salaried employees and ITR 2 by individuals and HUFs.

31 Mar 2017 3:49 PM

Income Tax Department oversees tax related matters in country.

CBDT panel to check absconding I-T dept officers

A three-member committee will carry out a 'one-time count' of all officers working in tax department.

24 Mar 2017 11:21 AM

IT dept releases list of defaulters owing Rs 448 crore

The department advised the defaulters to pay their "tax arrears immediately" in advertisements issued in leading national dailies.

18 Mar 2017 3:40 PM

Tax department earlier revealed 67 such entities.

I-T dept reveals defaulters owing Rs 448 crore

Move part of CBDT adopting strategy of bringing out names of chronic defaulters in public domain.

18 Mar 2017 2:05 PM

CAG in its report pointed out that the I-T department is primarily responsible for combating the menace of black money in the country. (Representational image)

I-T faces CAG’s wrath on fake sales

Currently the list contains around 2,059 dealers who had issued invoices involving tax evasion of more than Rs 10,640 crore.

13 Mar 2017 2:15 AM

Tax department has launched Operation Clean Money.

I-T dept to issue 'non-statutory' letters in case of no reply

So far, it has received replies from over 7 lakh people who have accepted making suspicious deposits.

17 Feb 2017 3:22 PM

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Sunil Gatade