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I-T department said that Centralised Processing Centre (CPC) has already processed over 4.19 crore income tax returns (ITRs) and issued over 1.62 crore refunds during the period.

CBDT notifies new scrutiny notices with e-facility

New format pertains to three types of notices issued under section 143(2) of Income Tax Act.

24 Jun 2017 11:24 AM IST

The e-filing facility for ITR-1, which is to be enabled from April 1, will have an online tax calculator and ITRs can be filed till the stipulated deadline of July 31.

Direct tax collections rise 14 pc to Rs 4.8 lakh cr in Apr-Nov

Gross collections have increased by 10.7 per cent to Rs 5.82 lakh crore during April-November, 2017.

9 Dec 2017 5:13 PM IST

Attorney General Mukul Rohatgi informed the apex court that Aadhaar is unique and could not be duplicated. (Photo: PTI)

14 crore PAN-Aadhaar linkages done till now

About 41 per cent of PANs are now linked with Aadhaar numbers.

12 Dec 2017 6:06 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Report cash receipt over Rs 2 lakh in single transaction

Norms of aggregation contained in sub-rule 3 of Rule 114E have been amended vide CBDT notification dated Oct 6, 2016.

23 Dec 2016 3:24 PM IST

CBDT has made available in the Compliance Module on the e-filing portal of the Income Tax Department the information relating to the identified non-filers.

Lakhs of non Income Tax filers identified by CBDT

Non-filers have been identified based on data analytics carried out by the Systems Directorate of CBDT.

22 Dec 2016 9:05 PM IST

The Lok Sabha earlier this week passed the Taxation Laws (Second Amendment) Bill, which proposes a steep up to 85 per cent tax and penalty on undisclosed wealth.

Inherited gold, jewellery to be exempt from income tax: govt

No tax on ancestral jewellery, purchase from disclosed income.

1 Dec 2016 4:21 PM IST

The CBDT said it has noticed that taxpayers and professionals have not been able to keep up with the pace of change and hence wide gap has emerged between the initiatives undertaken by the department and the acceptance by the stakeholders.

Taxpayers to be sensitise of e-initiatives

These initiatives form part of the milestone set by the revenue dept which are to be achieved in 3, 7 and 15 years time.

11 Dec 2016 12:11 PM IST