Income Tax Return for AY 2020-21: Steps and documents needed to e-file your ITR
ITR 2020-2021 | The last date to file income tax return (ITR) for assessment year (AY) 2020-21 has been extended till 30 November.
Donald Trump's taxes show chronic losses and many years of income tax avoidance
One Trump enterprise that has been regularly profitable and is a persistent source of concern about ethical conflicts and national security lapses, is the Mar-a-Lago club
Faceless assessment and appeal, taxpayer charter: Decoding Narendra Modi's new reforms
Under faceless assessment, a central computer picks up tax returns for scrutiny based on risk parameters and mismatch and then allots them randomly to a team of officers.
Donald Trump cannot deny or block release of his financial records, rules US Supreme Court
The court’s decision was a major statement on the scope and limits of presidential power in the US, one that will take its place with landmark rulings
Income Tax Department extends deadline for filing IT returns for FY 2019-20 to 30 November
Earlier, the return on income earned between 1 April, 2019, and 31 March, 2020, was due by 31 July
Income Tax Department notifies minimum fees for managers of India-based offshore funds
The income tax department has notified the minimum fee to be received by India-based fund managers of an overseas fund
Income Tax Department issues refunds of Rs 26,242 cr since April to 16.84 lakh taxpayers; move to ease liquidity
The tax department on Friday said it has issued I-T refunds of Rs 26,242 crore to 16.84 lakh taxpayers since April as part of efforts to hasten refund process for making liquidity available with people and firms to deal with COVID-19 crisis
Nirmala Sitharaman says Centre has no more announcements to make; rules out any cut in income tax rates
Nirmala Sitharaman, who had over the last week announced an economic package to help revive the economy, said how the coronavirus and the lockdown has hurt revenues is yet to be completely assessed.
UltraTech Cement Q4 net profit at Rs 3,239 cr on gains from reversal of income tax; net sales down 13% to Rs 10,745 cr
Aditya Birla Group firm UltraTech Cement on Wednesday reported a consolidated net profit of Rs 3,239.39 crore for March quarter 2019-20, helped by gains from the reversal of the Income Tax
Supreme Court asks Income Tax department to refund Rs 733 cr to Vodafone Idea within four weeks
The Supreme Court Wednesday granted partial relief to Vodafone Idea Ltd by asking the Income Tax department to refund Rs 733 crore to the telecom firm within four weeks, for the assessment year 2014-15
Coronavirus Outbreak: CBDT third-time defers GST, GAAR reporting in Income-Tax audit report till March 2021
The Income Tax Department on Monday deferred for the third time the requirement for companies to include in their I-T audit report the details of the Goods and Services Tax (GST) and GAAR
Govt freezes DA, DR for 1.1 cr central govt employees, pensioners: Here's all you need to know about Dearness Allowance
Dearness Allowance is paid by the government to its employees as well as a pensioner to offset the impact of inflation
Income Tax Department sends e-mails to 1.72 lakh assessees over outstanding tax dues
The income tax department has sent e-mails to 1.72 lakh assessees, including start-ups, companies and individuals, who have outstanding tax demands as well as tax refunds asking them to provide as update on the payment
CBDT to revise income tax return forms to help taxpayers avail benefits of timeline extension due to COVID-19
The CBDT said that it has initiated necessary changes in the ITR forms so that taxpayers could take benefits of their transactions carried out during 1 April 2020 to 30 June 2020.
I-T refunds worth Rs 4,250 cr issued in a week; to be credited in 5-7 days in taxpayer bank account: CBDT
The Income Tax department has issued over 10.2 lakh refunds worth Rs 4,250 crore within a week, the Central Board of Direct Taxes (CBDT) said on Wednesday
Pending income tax refunds up to Rs 5 lakh to be released immediately, says govt; move to benefit 14 lakh taxpayers
In an attempt to provide some relief to taxpayers, the Ministry of Finance on Wednesday decided to release all pending Income Tax refunds up to Rs 5 lakh with immediate effect
ClearTax launches ‘Power of 21’, e-learning course on GST, direct taxes
In the wake of coronavirus lockdown, Cleartax, a Fintech Saas company, has launched a new e-learning course ‘Power of 21’. The course is designed to help CAs, SMEs, and tax professionals dive into the basics of GST and direct taxes and brush up their tax compliance skills
Income Tax Department asks taxpayers to guard against possible breach of their personal e-filing account
The Income-Tax Department has asked taxpayers to guard against possible breach of their personal e-filing account and report such an instance to the police cybersecurity wing
Coronavirus Outbreak: Govt extends validity of lower withholding tax orders by three months till 30 June
The Finance Ministry on Tuesday extended the validity of all lower withholding tax orders by three months till 30 June in view of hardships caused due to COVID-19 pandemic