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Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Direct tax collection exceeds target in FY18

Direct tax collections in 2017-18 at Rs 9.95 lakh crore, exceeded the revised budgetary target of Rs 9.8 lakh crore.

2 April 2018 5:49 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

AITAF questions scrutiny notices sent to assessees by GST authorities

Sending of scrutiny notices for mismatch in GST returns will cause unwaranted and avoidable harassment to taxpayers.

31 May 2018 2:21 PM IST

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

Tax department allots 1.96 crore PAN cards in Jan-Mar 2018 quarter

The income tax data revealed that there were about 35.94 crore PAN alloted by end December 2017.

21 Aug 2018 5:40 PM IST

Photo caption: Under it, C-GST will be levied by the Centre, S-GST by states and I-GST on inter-state supply of goods and services. (Representational Image)

No reason for panic as GST registration will reopen on June 25

Registration with the GSTN is necessary for doing business in the Goods and Services Tax (GST) regime.

14 Jun 2017 4:30 PM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

CBDT alleys taxpayers' fears on asset freez rule

CBDT chairman Sushil Chandra says new measures were brought in only to prevent evaders from selling property.

4 Feb 2017 5:55 PM IST

The CJI asked the counsel when income from agricultural produce is exempt from tax, why not this exemption.

Reply date for I-T queries on deposits now till Feb 15

Under Operation Clean Money, I-T dept sent SMS and e-mails to 18 lakh assessees in initial phase.

11 Feb 2017 6:50 PM IST