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Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

These are benefits of early filing of income tax returns

Your application for housing or educational loan or registration of immovable property gets faster clearance.

10 April 2017 2:27 PM IST

1,000 shell firms which indulged in bogus transactions worth Rs 13,300 crore in the three financial years were identified by the revenue department.

Raids helped detect Rs 1.37 lakh crore in three years

The amount involved in non-genuine transactions of such beneficiaries was more than Rs 13,300 crore.

8 April 2017 1:56 AM IST

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

Banks can obtain PAN from a/c holders till June 30

Tax department says rule 114B lists various transactions for which quoting PAN is mandatory.

7 April 2017 2:57 PM IST

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

File tax returns, apply for PAN using mobile app soon

I-T dept also working on a project to issue PAN within minutes by way of e-KYC authentication using Aadhaar.

15 Feb 2017 3:49 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.

I-T dept to issue 'non-statutory' letters in case of no reply

So far, it has received replies from over 7 lakh people who have accepted making suspicious deposits.

17 Feb 2017 3:22 PM IST

Switzerlands tax department issued notices to them last week to reply within 30 days to appeal the decision about providing administrative assistance in information requests from India.

60,000 'black money hoarders' under I-T scanner

CBDT has already detected undisclosed income over Rs 9,334 crore from Nov 9, 2016 to Feb 28 this year.

14 April 2017 10:58 AM IST

The move is aimed at collecting more property tax for fiscal 2017, which ends March 31.

Submit proof for your HRA exemption claim: I-T dept

I-T dept swings into action after subtantial rise in number of fake rent receipts employers are getting.

11 April 2017 2:38 PM IST

Under the PMGKY after payment of tax, 25 per cent of the unaccounted money will have to be mandatorily parked with the government for 4 years as non-interest bearing deposit.

ClearTax launches tech platform for GST

GST Suvidha Provider will be adept to handle over 1 bn invoices, to be generated after GST rollout.

5 April 2017 4:37 PM IST

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

Govt amends I-T rules, makes Aadhaar-PAN linking must from July 1

There are over 25 crore PAN card holders in the country while Aadhaar has been issued to 111 crore people.

28 Jun 2017 10:59 AM 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

Saurabh Bharadwaj

Agency story fictitious', says AAP

When Mr Jain told the I-T department he wanted to confront the four persons, it allowed him to talk to one Babloo.

20 Jun 2017 3:26 AM IST

Axis Bank MD and CEO Shikha Sharma

Axis Bank upset with arrests

I-T department had last week conducted a raid at an Axis Bank branch in Noida and unearthed Rs 60 crore from the...

19 Dec 2016 1:23 AM IST