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Aug 09, 2018
Only 0.35% of I-T returns filed last year to be scrutinised, says Income Tax DepartmentScrutiny of I-T returns has been an issue of grievance for many assessees. Earlier about 1 percent of the income tax returns filed were picked up for scrutiny. This has now been brought down to 0.35 percent.
Jul 24, 2018
Filing ITR: You could hire a CA, opt for services of TRP, buy private software or do-it-yourselfFiling income tax return as said in the earlier pieces is a fairly simple affair but if one has avoided tax wittingly or unwittingly by investing in the names of near and dear ones, it is better to call for the services of experts
Jul 23, 2018
Income Tax Returns: CBDT has simplified process, but it could be demanding exercise for naive tax avoidersYou can proactively and immediately, on the heels of filing the original return, file a revised return for which there is a provision in the income tax department’s e-filing website itself.
Jul 20, 2018
Income Tax Return filing: Why the last fortnight of July would strain the ITR server like never beforeThings have changed tremendously from the assessment year 2018-19 onwards insofar as the penalty regime for late filing of return is concerned.
Jul 04, 2018
Income Tax Department says refunds worth Rs 70,000 cr issued, 99% claims processedIncome Tax refunds worth over Rs 70,000 crore have been issued to the taxpayers and nearly all refund claims pending as on June-end has been processed, the Central Board of Direct Taxes (CBDT) said on Wednesday
Jul 01, 2018
CBDT extends PAN-Aadhaar linking deadline for fifth time, last day pushed to 31 March next yearThe CBDT on Saturday extended the deadline for the PAN-Aadhaar linking to 31 March next year.
Jun 30, 2018
As PAN-Aadhaar linking deadline ends today, here's how to do it online or through SMSThe deadline to link PAN with Aadhaar card ends on Saturday and the government has not announced any further extension until now.
Jun 29, 2018
Arun Jaitley says it is wrong to assume all accounts in Swiss banks hold tax evaded money: Full textSwitzerland has taken significant efforts to get out of the image of being a tax haven and a non-compliant State, Jaitley said
Jun 26, 2018
Government crackdown on benami properties is welcome but who will chase the politicians?Businessmen, industrialists are easy targets but politicians, while being easy to malign, are difficult to proceed against
Jun 21, 2018
Panama papers: Multi agency group looking into fresh revelations, says finance ministryThe finance ministry on Thursday said the fresh revelations under the 'Panama Paper Leaks' are being looked into by the Multi Agency Group (MAG), which includes the tax department and the Reserve Bank