I T Returns

Income Tax department to open additional receipt counters, keep offices open on Thursday, Friday, Saturday

As the due date for filing income tax returns comes closer, the Income Tax department will keep its offices across the county open

CBI conducts searches in Delhi, recovers property documents of about Rs 2 crore linked to Delhi minister Satyendar Jain

The CBI has recovered property documents, bank deposit slips of about Rs 2 crore allegedly linked to Delhi minister Satyendar Jain, and companies where he was the director, during searches at the residences of Delhi Dental Council Registrar, the agency sources said.

Aadhaar-PAN linking deadline relaxed till 31 March; govt says move will help taxpayers to complete the process

Aadhaar-PAN linking deadline has been extended in view of certain difficulties taxpayers faced, govt says

Black money battle: Income tax notices slapped on 1.16 lakh individuals for deposit over Rs 25 lakh

According to the official data, 17.73 lakh suspicious cases involving Rs 3.68 lakh crore have been identified by income tax dept in 23.22 lakh bank accounts post demonetisation

Income tax returns filing for 2016-17 grows 25%, govt claims it is demonetisation impact

The growth in ITRs filed by individuals is 25.3 percent with over 2.79 crore returns having been received up to 5 August as against over 2.22 crore returns filed in the corresponding period last fiscal.

CBDT forms task force for a unified income tax assessment system

CBDT has formed a 13-member task force to chart the road map for its proposal of a jurisdiction-free income tax assessment system and e-scrutiny of taxpayers

24 percent of MLAs and MPs claim exemption from paying income tax

As many as 1,141 (24 percent) MPs and MLAs claimed exemption from income tax or have no income at all.

Budget may make quoting Aadhaar number compulsory for filing ITRs: Report

The government may amend the Income Tax Act, 1961, in the Union Budget 2017

BJP, Congress, other parties thrive on black money, Centre's accountability promise be damned

But then BJP is not the only party that thrives on black money. Congress had made cash transactions, the life-blood of its party organisation.

Income tax returns filing date extended to 5 Aug; for Jammu and Kashmir it's 31 Aug

The last date for filing income-tax returns has been extended to 5 August