Friday, Mar 31, 2023 | Last Update : 06:03 AM IST

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Taxpayers beware! Claiming false HRA through ITR may land you in problem

The format of Form-16 has been changed to make it in sync with the format of Income Tax return (ITR).

17 Jul 2019 2:58 PM

No change in ITR forms, only utility software updated: CBDT

IT Dept issued a statement saying the updating process of these forms' utility software does not hamper filing of returns.

16 Jul 2019 10:10 PM

Honour, privileges await top tax payers

The idea behind the initiative is to create exclusive membership to clubs that exude not only social status but also honour.

05 Jul 2019 1:54 AM

GST Council may consider national bench of AAAR next month

Industry is of the view that since both the AAR and AAAR only have tax officers as members.

19 May 2019 12:03 PM

FinMin brings in changes in e-way bill system to check GST evasion

Electronic way or e way bill was rolled out in 2018, for moving goods worth over Rs 50,000 from one state to another.

24 Apr 2019 8:51 PM


Composition scheme biz to now file simplified 'self-assessed' GST return quarterly

Composition scheme businesses will file the April-June quarter returns in July as per the new format.

24 Apr 2019 7:26 PM

GST officials detect tax fraud of Rs 224 crore by 8 companies

The fake invoices generated by them involved about Rs 1,289 crore of value and input tax credit of about Rs 224 crore.

13 Mar 2019 12:07 PM

Link your PAN with bank for refunds: I-T to taxpayers

The department said refunds will be sent to bank accounts as it will issue only e-refunds from March 1, 2019.

28 Feb 2019 11:26 AM

Only 1.5 lakh persons declared income above Rs 1 crore

Above 1.5 lakh persons have declared their annual income over Rs 1 crore till now during in the assessment year 2018-19: Sushil Chandra.

08 Feb 2019 12:52 PM

Budget 2019: Direct tax collection shoots up to Rs 12L cr from Rs 6.38 lakh cr

GST collections in January 2019 has crossed Rs 1 lakh crore.

01 Feb 2019 1:43 PM


GSTN develops system to fetch e-way bill data to curb evasion

In last 18 months, around 90 per cent of taxpayers have reported up to 50 B2B and B2C large invoices in a month.

30 Jan 2019 5:08 PM

Panel to redraft direct tax laws to focus on simplification

The recommendations of the panel is likely to be included in the final budget for 2019-20.

19 Dec 2018 4:32 PM

CBIC to daily monitor MSME grievance on GST, sets up help desks to resolve queries

The move benefited about 93 per cent of the GST registered taxpayers.

05 Nov 2018 5:46 PM

Modi calls for 'tax-plus one' system of honest tax payment

During 2017-18 fiscal, the direct tax to GDP ratio at 5.98 per cent is the best in the last 10 years.

25 Oct 2018 11:12 AM

Don't believe in culture of criticising industry, corporates: PM

PM Modi said he wanted citizens to not just pay their taxes honestly but do their bit for social transformation.

25 Oct 2018 8:34 AM


Crorepati count up 60 per cent in 3 years, shows tax data

Average declared income rises 19% during the period.

23 Oct 2018 1:05 AM

India's crorepati count up at 81,000; expands 68 per cent in 3 years: CBDT

The policy-making body of the IT department said the total number of crorepati taxpayers has also seen a growth of about 60 per cent.

22 Oct 2018 6:14 PM

Massive tax scam cost Europe 55 billion euros: report

The stock changes hands so quickly that the tax authorities are unable to identify who is the true owner.

18 Oct 2018 3:38 PM

Number of direct taxpayers may double to 7.6 cr during 5 yrs: Jaitley

The number of direct taxpayers was 3.8 crore when the Modi-led government took office in May 2014.

12 Oct 2018 12:35 PM

Govt extends deadline for filing I-T Return, audit report till October 15

However, there shall be no extension of the due date for the purpose of section 234A (Explanation 1) of the I-T Act, 1961.

24 Sep 2018 5:37 PM