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Normally, the deadline to file your income tax returns is July 31 every year. This year, as it often does, the government extended the deadline to August 31.

IT e-returns witnesses rapid growth than the taxpayer base

The growth track in direct tax collected approximately echoes the growth in influential taxpayer base, rather than the...

25 Feb 2019 1:07 PM IST

The Income-Tax department, in coordination with their foreign counterparts, is investigating offshore bank deposits and purchase of assets by thousands of Indians .

Income tax returns filings rose over 37 percent in April-January

Between April to January period of the last two financial year, the growth was more subdued at 17 percent and 20...

6 Feb 2019 11:09 AM IST

The railways miniister Piyush Goyal said that frequency of the Express train would be increased in the upcoming days.

Investment in 17 entities under shipping ministry hiked to Rs 5,778 cr...

The government had proposed an investment of Rs 5,079.80 crore in the Budget for 2018-19.

3 Feb 2019 6:35 PM IST

...former French President, Hollande, is countering statement made against him with regard to a conflict of interest in his dealing with the Reliance Defence, Finance Minister Arun Jaitley wrote. (Photo: Twitter | @ANI)

Income tax rebate a logical extension of steps taken by govt: Jaitley

Piyush Goyal on Friday announced an income tax rebate on earnings of up to Rs 5 lakh.

2 Feb 2019 11:09 AM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

For every rupee in govt kitty, 70 paise comes from direct, indirect...

The collection from GST has been pegged at 21 paise as a percentage of every rupee earned.

1 Feb 2019 3:51 PM IST

The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

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

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

1 Feb 2019 1:43 PM IST

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.

Direct tax collection falls short, CBDT raises alarm

CBDT frames policy for the I-T dept and is also its controlling authority that functions from the North Block in the...

28 March 2019 10:56 AM IST

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.

Net direct tax collection crosses Rs 10 lakh crore mark

Tax collection during April-January of this fiscal stood at Rs 7.89 lakh crore as against Rs 12 lakh crore targeted for...

19 March 2019 1:59 PM IST

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

Govt banking on advance tax collection to meet direct tax target of Rs...

Government had earlier estimated Rs 11.5 lakh crore mop-up from direct tax collection.

15 March 2019 3:02 PM IST

Govt approves Adani Power's Rs 14,000-cr J'khand SEZ project

The project was approved by highest decision making body on SEZ - Board of Approval - chaired by the commerce secretary.

3 March 2019 10:47 AM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

Direct tax mop-up may fall short of Rs 50,000 cr in FY'19, says...

The shortfall in direct tax mop-up coupled with lower GST realisation may have implications on fiscal deficit.

9 April 2019 5:54 PM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Tax force on direct taxes gets more time to submit report

The government has allowed the task force to submit its report by 16th of August 2019.

1 Aug 2019 10:56 AM IST