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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.

India

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 7:39 PM IST

Ramesh, who is in Delhi, said, It is a clear-cut case of political vendetta. In fact, The Prime Minister himself warned us right inside Parliament about consequences since we have been fighting for the states rights. The I-T raids are a result of the warning. (Photo: File)

India

I-T raids continue overnight at Andhra TDP MLA CM Ramesh's homes,...

Ramesh was among the lawmakers who protested and escalated their demand for the special status category to Andhra...

13 Oct 2018 12:52 PM IST

Union Minister Arun Jaitley said that Congress had no real issue and was hence resorting to manufacturing. (Photo: File)

Business

Number of direct taxpayers may double to 7.6 cr during 5 yrs: Jaitley

The number of direct taxpayers was 3.8 crore when the Modi-led government took office in May 2014.

12 Oct 2018 12:35 PM IST

India

I-T dept searches premises of media baron Raghav Bahl

Bahl is the founder of the Quint news portal and the Network18 group and is a known media entrepreneur.

11 Oct 2018 10:52 AM IST

Delhi Transport minister Kailash Gahlots south Delhi residence and 15 other locations have been raided by the income tax department on Wednesday morning, officials said. (Photo: File | ANI)

India

I-T raids at 16 premises linked to Delhi minister Kailash Gahlot

Alongwith Delhi, Gahlot's premises in Gurgaon are also being searched by the income tax department.

10 Oct 2018 10:58 AM IST

Walmart will invest Rs 900 crore to open 15 outlets catering to wholesalers in Maharashtra.

Business

Walmart submits details of tax deducted from Flipkart investors

Walmart on September 7 paid Rs 7,439 crore tax on payments it made to buy out shares of 10 major shareholders of...

4 Oct 2018 8:22 AM IST

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

Business

PAN: Father's name not mandatory

Father's name in PAN application forms will not be mandatory in cases where mother of the applicant is a single parent.

21 Nov 2018 10:14 AM IST

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.

Business

Crypto-traders get tax notices

But it has not so far imposed curbs on an industry estimated to be adding 2 lakh users in India every month.

20 Jan 2018 1:15 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.

Business

Direct tax mop-up jumps 19 pc to Rs 6.89 lakh cr this fiscal

Collections till January 15, 2018 represent over 70 pc of Rs 9.8 lakh crore revenue target from direct taxes.

17 Jan 2018 5:32 PM IST

$The Income Tax Department will soon issue notices to those who have deposited \suspicious\ amounts of money in banks post-demonetisation and have not responded to taxmans preliminary communication. (Photo: PTI)$ India

Delhi: I-T department seizes Rs 85 cr in cash, bullion from illegal...

Assets worth more than Rs 61 crore were seized by the department over the week from multiple lockers located in the...

13 Jan 2018 3:16 PM IST

Income-tax sources said more than Rs 5.5 crore unaccounted cash was seized during the raids, besides property documents and jewellery worth over Rs 89 crore.

Business

I-T dept attaches benami properties worth Rs 3,500 crore

Benami Act defines a benami transaction as a transaction where a property is held by or transferred to a person.

11 Jan 2018 1:37 PM IST

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

Business

I-T collection up 13 pc in Bengal and Sikkim in April-January

Target for 2017-18 is Rs 41,891 crore and the department has been able to collect 69 per cent of the target till now.

11 Jan 2018 12:44 PM IST