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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.

Directors, investors in unlisted cos cannot file Income Tax returns...

This aimed at tightening the noose on unlisted companies appointing dummy directors and use shell companies for money...

5 April 2019 8:13 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.

Income Tax return forms for AY 2019-20 notified

Individuals, firms and companies have to file returns for the income earned in 2018-19 during the course of current...

5 April 2019 3:46 PM IST

The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

I-T Returns form simplified: Things you should know

Presently, salaried class and individual taxpayers fill SAHAJ or ITR-1 for filing their tax returns.

31 March 2017 5:03 PM IST

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

E-filing for two income tax returns launched by I-T dept

Two ITRs that are now available for filing on e-portal are ITR-1 'Sahaj' and ITR-4 'Sugam'.

1 April 2017 2:41 PM IST