Income Tax | The Asian Age

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Aadhaar is a 10-digita unique identity given to every Indians. (Photo: PTI)

Check whether your Aadhaar was also deactivated

So far, govt has issued over 111 crore Aadhaar cards and hopes to issue them to remaining population soon.

14 Aug 2017 3:42 PM

Income Tax Act defines different types of tax returns under various sections.

Do you know you can file 'Belated Return' under I-T Act?

Income Tax Act, 1961 defines different types of taxes and their last dates under various sections.

07 Aug 2017 3:17 PM

Karnataka Energy minister D.K. Shivakumar (Photo: PTI)

Karnataka minister faces ED trouble

The income-tax department will restrict itself to examining the extent of tax evasion and the volume of black money.

05 Aug 2017 1:30 AM

Tax department has extended returns filing deadline from July 31 to August 5.

E-verify your I-T returns in simple steps; Saturday is last day

Taxpayer can now avoid 'need' of either sending ITR-V by ordinary post or digitally sign it and upload it.

04 Aug 2017 6:20 PM

More than 11.44 lakh permanent account numbers (PANs) were deleted as multiple PANs were found allotted to one person, said Minister of State for Finance Santosh Kumar Gangwar.

Fake PANs detected, over 11.44 lakh PANs deactivated: Gangwar

One PAN for one person is the guiding principle for allotment of PAN, said Santosh Kumar Gangwar .

02 Aug 2017 10:53 AM

Government aims to widen tax base and enhance tax net at the same time.

Direct tax collection at Rs 1.80 lakh crore till mid-July

Govt aims to widen tax base and collect Rs 9.8 lakh crore through direct taxes in 2017-18.

01 Aug 2017 6:37 PM

The Union finance ministry said that there were some complaints that the taxpayers are not being able to log on to the e-filing website of I-T department or not being able to link Aadhaar with PAN.

I-T returns deadline extended till August 5

Earlier people slammed the I-T department on social media platform for snag in its website for e-filing of tax returns.

01 Aug 2017 12:47 AM

As of now, around 2 crore taxpayers have filed returns electronically.

Govt extends deadline for filing ITR, linking Aadhaar to PAN

While ITRs can now be filed by August 5, the Aadhaar-PAN linking can be done till August 31.

31 Jul 2017 6:31 PM

Income Tax filing deadline has been extended to August 5.

ITR will not be processed if you fail to link Aadhaar with PAN

CBDT has allowed filing of I-T returns till Aug 5; taxpayer will have to link Aadhaar with PAN by Aug 31.

31 Jul 2017 5:52 PM

Governement has made it compulsory to link Aadhaar with PAN.

Aadhaar-PAN linking enables e-verification of I-T returns in seconds

Presently, a taxpayer is required to take a printout of ITR-V and post it to Bengaluru office to get acknowledgment.

31 Jul 2017 12:55 PM

Tax department has also asked taxpayers to declare cash deposits in their returns form.

Govt extends I-T returns deadline; makes Aug 5 as new last date

Earlier, tax authorities had indicated that they will not extend deadline beyond July 31.

31 Jul 2017 12:37 PM

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

The government may be mulling over extending the deadline for filing income tax returns for 2017.

There may be a 'genuine case' for govt extending ITR deadline: reports

According to an official, taxpayers this year have been facing many new difficulties, so the deadline may be extended.

28 Jul 2017 8:11 PM

Income Tax department is deploying various new schmes to increase tax revenue and curb black money occurrences.

I-T dept will watch your foreign holiday trips, pictures

Tax department will soon start collecting such information from social media under Project Insight.

28 Jul 2017 11:02 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

Over 6.83 lakh companies have permanent account number (PAN) but did not file income tax returns for assessment year 2016-17. (Representational Image)

More than 6.83 lakh firms have PAN but did not file I-T returns: govt

As per database of Income Tax department, Delhi had most number of such companies at over 1.44 lakh.

25 Jul 2017 7:29 PM

The Centre told the Supreme Court that I-T department surveys over the last 3 years led to the detection of around Rs 71,941 crore of "undisclosed income". (Representational Image)

'Undisclosed income' of 71,941 crore exposed by I-T searches in 3 yrs

Total undisclosed income was more than Rs 5,400 crore and total quantity of gold seized was 303.367 kgs.

23 Jul 2017 11:04 AM

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

Tapas Kumar Dutta being produced in a Ranchi court. (Photo: PTI)

I-T commissioner held in graft case

The searches were conducted in 18 locations in Kolkata and five in Ranchi after filing an FIR under corruption charges against Dutta.

14 Jul 2017 1:45 AM

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Shobhaa De