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Latest News on Income Tax Return
Showing of 0 - 10 from 23 results
Income Tax Return - Total results - 23
Oct 03, 2019
Companies opting for new lower corporate tax rate can't claim MAT credit, other deductions: CBDTThe Central Board of Direct Taxes (CBDT), in a clarification, said companies will be allowed to utilise such credits only against regular taxes under the old regime
Sep 27, 2019
CBDT extends Income Tax Returns filing deadline for audit cases by a month to 31 OctoberThe CBDT on Thursday extended the 30 September deadline by a month for filing of income tax returns (ITRs) for special cases requiring audit reports
Jul 23, 2019
Govt targets adding 1.3 cr new income tax return filers this fiscal against 1.1 cr last yearThe government has set a target of adding 1.3 crore income tax filers in the current financial year against 1.1 crore new filers last year, Parliament was informed on Monday
Jul 17, 2019
Over 1.46 cr Income Tax Returns filed so far; 90.8 lakh taxpayers file ITR-1: Revenue departmentOver 1.46 crore income tax returns have been filed so far, of which 90.8 lakh have been filed by individuals with total income up to Rs 50 lakh
Jun 26, 2019
ITR2 filing too complex and replete with avoidable details; Income Tax Department can use information from employers insteadITR2’s information appetite is gargantuan and voracious. One can imagine the plight of the filers uninitiated in the nuances of the income tax law
Jun 10, 2019
Is I-T Department planning to tax interest earned on income tax refund as part of reforms?Interest on income tax refund arises principally because of the excess of advance tax and tax deducted at source (TDS) over the actual tax liability.
Jan 16, 2019
Cabinet clears next gen income tax filing system; Infosys selected to implement Rs 4,242-cr projectIT major Infosys has been selected to implement the next generation system for processing income tax return filings, with the Union Cabinet sanctioning an estimated Rs 4,241.97 crore for the project
Dec 05, 2018
I-T department working on pre-filled income tax return forms, says CBDT chairman Sushil ChandraIncome tax payers will soon get pre-filled ITR forms that will make the process of filing returns easier, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra has said.
Dec 04, 2018
CBDT chief says I-T return filing up 50% this year; expresses confidence to meet direct tax collection targetDemonetisation has been very good for increasing the tax base of the country due to which the I-T return filings increased to 6.08 crore, a 50 percent rise, he said.
Aug 29, 2018
Due date of filing income tax return for Kerala extended to 15 September: CBDTThe due date for filing income tax return for assessees in Kerala has been extended by 15 days to 15 September following devastating floods which have affected life in the state, the CBDT said on Tuesday.