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The due date for filing of Income-Tax returns for assessment year 2018-19 is 31.07.2018 for certain categories of taxpayers.

Govt to soon honour consistent taxpayers, policy proposal in works

An ambitious policy is in the pipeline to 'facilitate' honest taxpayers in availing a variety of public services on...

14 Oct 2018 2:09 PM GMT

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Gross direct tax collection grows 16.7 pc to Rs 5.47 lakh crore in...

The Central Board of Direct Taxes has collected Rs 2.10 lakh crore as advance tax.

4 Oct 2018 7:09 AM GMT

Newly-elected Rajya Sabha MP N.D. Gupta with AAP leader Saurabh Bhardwaj during a press conference in New Delhi. (Photo: GN Jha)

Every single donation to party is accounted for, claims AAP

The media reports on AAP's donations originating from Central Board of Direct Taxes have no basis.

9 Jan 2018 9:27 PM GMT

The income tax department and the ministry of corporate affairs (MCA) have signed a pact to regularly share data, including PAN and audit reports of firms. (Representational Image)

I-T department has technology to track suspicious transitions, black...

With the help of technology, the I-T department was tracking the tax evaders and consolidating its measures in this...

2 Feb 2018 4:46 AM GMT

This photo shows the recovered cash. Wads of notes, all of 500 denomination, were recovered from the flat.

As ATMs run dry, I-T dept seizes Rs 14.48 Cr from hoarders across...

Officials said the department raided a number of entities that were found to be hoarding cash in various states.

26 April 2018 3:30 PM GMT

The Income Tax (IT) department on Wednesday announced that a dress code is being imposed upon its employees through the rollout of Operation Dress Code.

IT Department employees to soon follow dress code

A dress code is being imposed upon its employees through the rollout of 'Operation Dress Code.'

18 April 2018 8:53 AM GMT

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.

ITR-1 ready for e-filing: Taxmen

All the seven ITR forms are to be filed electronically except for some category of taxpayers.

18 April 2018 1:46 AM GMT

The government is preparing an action plan to recover revenues from high networth defaulters like Nirav Modi and Vijay Mallya who escaped the law and slipped out of the country.

Govt preparing action plan to recover revenues from likes of Mallya

CBDT has formed a committee to study these cases and prepare an action plan.

6 April 2018 7:10 AM GMT

Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

Central Board of Direct Taxes amends Section 16 of Income Tax Act

The pension received by a taxpayer from his former employer is taxable under the head 'Salaries'.

5 April 2018 9:07 AM GMT

The due date for filing of Income-Tax returns for assessment year 2018-19 is 31.07.2018 for certain categories of taxpayers.

New deadline to file tax returns

The law of levying late filing fees under was introduced in the Union Budget 2017 and became effective for FY18.

27 July 2018 1:18 AM GMT

The latest order said the deadline for the PAN-Aadhaar linking for filing I-T returns was being extended after consideration of the matter. (Photo: AFP | Representational)

Deadline for linking PAN to Aadhaar extended till March 2019, says...

This is the fifth time the government has extended the deadline for individuals to link their PAN to their biometric ID...

1 July 2018 2:39 AM GMT

Investors who have received bonus shares from hundreds of companies over the past few years have been subject to the higher tax outgo.

Tax employee unions irked by PM Modi's switch to faceless assessment:...

The scheme is being implemented in a hurry without considering the concerns of the majority of the stakeholders, said...

15 Oct 2019 6:34 AM GMT