Only third parties would report high-value transactions to the I-T department as per the Income Tax Act
17 Aug 2020 4:38 PM
The department revised the I-T return forms to allow assessees to avail benefits of various timeline extension granted by the government
31 May 2020 1:39 PM
The new income tax returns forms will be notified by the month-end and return filing utility would be available by May 31
19 Apr 2020 6:53 PM
Expressing dissatisfaction over registration of only 14 lakh traders in the state, he said the number should at least reach 25 lakh.
13 Nov 2019 11:19 AM
Out of the 5.65 crore ITRs filed so far, 3.61 crore have been verified.
02 Sep 2019 4:40 PM
To avoid penal actions, ensure that you file your income tax return on or before the August 31, 2019 deadline.
14 Aug 2019 2:53 PM
The FAQs are based on the queries received by the CBDT to help assessees file ITRs.
12 Aug 2019 10:34 AM
There have been demands for an extension in filing ITR date since issuance of TDS statement for 2018-19 fiscal was delayed.
23 Jul 2019 8:19 PM
The due date for filing of income tax returns for Assessment Year 2019-20 is 31.07.2019 for certain categories of taxpayers.
23 Jul 2019 8:02 PM
You need to file ITR if your gross total income (excluding deductions) surpasses the exemption limit.
16 Jul 2019 3:54 PM
In case, you fail to file your ITR, the income tax department may send you a notice and you could be jailed.
15 Jul 2019 2:11 PM
Tax payers have to pay special attention this year on account of the changes in the forms.
13 Jul 2019 1:41 PM
In a written reply to a question in the Lok Sabha, she said over 6.49 crore electronic returns were submitted for assessment year 2018-19.
24 Jun 2019 2:16 PM
This aimed at tightening the noose on unlisted companies appointing dummy directors and use shell companies for money laundering.
05 Apr 2019 8:13 PM
In June last year, the government had said that PAN has to be linked with the biometric ID by March 31.
01 Apr 2019 1:40 AM
Missing the belated income-tax returns deadline can put you in deep trouble as the I-T department may send you a notice and take action against you.
25 Mar 2019 1:24 AM
SC also said it would not be mandatory to link Aadhaar to bank accounts and telecom service providers cannot seek its linking for mobile.
06 Feb 2019 3:55 PM
Experts believe that the lack of interface between the tax officer and the taxpayer would considerable reduce the chances of alleged corruption.
02 Feb 2019 1:43 AM
The CBDT has also sent out two crore SMS to people who had not filed returns or those whose income did not match with their filings.
05 Dec 2018 12:50 AM
Demonetisation has been very good for increasing the tax base of the country.
04 Dec 2018 1:03 PM