In order to avail the facility a taxpayer will have to file an application for compounding a tax offence before the competent authority.
12 Sep 2019 12:07 PM
The CBDT Chairman said he is confident of achieving the Rs 13.35 lakh crore target for direct tax collections in 2019-20.
06 Jul 2019 5:16 PM
Tax department has been given a target in Union budget to collect Rs 11.5 lakh cr revenue under the direct taxes category.
28 Feb 2019 11:17 AM
The e-mail and mobile number can be updated by the concerned jurisdictional tax authority of the taxpayer.
14 Jun 2018 2:23 PM
The analytics was conducted based on data between July to March - the first nine months of GST rollout.
08 Jun 2018 12:59 PM
The standard deduction was discontinued from the assessment year 2006-07, but was re-introduced in 2018-19 Budget.
06 Apr 2018 5:00 AM
The pension received by a taxpayer from his former employer is taxable under the head 'Salaries'.
05 Apr 2018 2:37 PM
For assessment year 2016-17, 1.89 crore salaried individuals have filed I-T returns and paid total tax of Rs 1.44 lakh crore.
05 Feb 2018 2:55 PM
GST collections in July was over Rs 95,000 crore, while in August figure was over Rs 91,000 crore.
29 Jan 2018 3:36 PM
Migrated businesses with turnover up to Rs 20 lakh who have not issued invoice can cancel their registration on portal.
25 Oct 2017 4:28 PM
During the financial year 2015-16, a total of 1,014 cases were completed under the pilot project (e-assessment).
08 Sep 2017 5:17 PM
So far 38.38 lakh taxpayers accounting for 64.42 per cent of the total businesses.
30 Aug 2017 12:22 PM
Pressures are built using democratic polity in order to assert a non-existent right of not to pay taxes.
25 Jul 2017 12:01 PM
Implementation of GST in itself is expected to have a positive impact on the overall growth of the economy.
21 Jul 2017 5:16 PM
Under composition scheme, traders, manufacturers and restaurants can pay tax at 1 per cent, 2 per cent and 5 per cent.
14 Jul 2017 6:38 PM
The Offline Tool will be provided free of cost and taxpayers will be able to download it from the GST portal from last week of June.
10 Jun 2017 3:47 PM
There has also been 20 per cent increase in people filing their income-tax returns electronically.
14 Feb 2017 6:48 AM
Department has sent SMS and emails to 18 lakh people who have made suspicious deposits of Rs 5 lakh and above.
05 Feb 2017 11:07 AM
The low contribution of taxes may be due to the structure of our tax laws.
24 Dec 2016 4:45 PM