ITR 2019-20: Govt extends deadline till 10 Jan; individuals, firms requiring audit can file income tax return by 15 Feb
The govt has also extended the due date for filing declaration under the direct tax dispute resolution scheme Vivad Se Vishwas by a month till 31 January while the deadline for filing GST annual return for FY2019-20 has been extended by two months till 28 February, 2021
Before e-verifying returns, taxpayers must have permanent account number (PAN), assessment year for which the ITR has been filed, acknowledgment number and electronic verification code
ITR 2019-20 filing last date till 31 December: Here's the list of documents and steps to file income tax returns online
With the ITR filing last date approaching closer, taxpayers, who are yet to file returns, should do it as early as possible to avoid any last-minute rush or error.
Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain
There is plenty to celebrate for MSMEs and other entities covered under Nirmala Sitharaman's first package of details to flesh out Prime Minister Narendra Modi's Rs 20-lakh-crore stimulus
First Night trial of surface-to-surface medium-range missile Agni-II conducted successfully: Nuclear-capable missile launched off Odisha coast
India, on Saturday, successfully conducted the first night trial of 'Agni-II', its versatile surface-to-surface medium range nuclear capable missile from Dr Abdul Kalam Island off the Odisha coast, defence sources said. 'Agni-II' is part of the Agni series of missiles which includes Agni-I with a 700 km range, Agni-III with a 3,000 km range, Agni-IV and Agni-V both having long range capabilities
The 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
The CBDT on Thursday extended the 30 September deadline by a month for filing of income tax returns (ITRs) for special cases requiring audit reports
About 4 lakh income tax payers to be scrutinised under new faceless assessment system; over 1 lakh served notices
Early this month, Finance Minister Nirmala Sithamraman had said that the I-T Department would encourage faceless tax assessment in order to keep the assesses away from harassment.
ITR Filing 2019: Over 5.65 cr income tax returns filed as deadline ended on 31 August; records 4% rise from previous year
Nearly 50 lakh people filed their tax returns online on 31 August, the last date for ITR filing and the peak filing rate per second was at 196 ITRs per second
Individuals, including salaried taxpayers, and entities—who do not need to get their accounts audited—were required to file their income tax returns for fiscal 2018-19 (Assessment Year 2019-20) by 31 July 2019.
Over 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
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.
A US-based India-centric business advocacy and the strategic group have sought establishing an India Trade Representative under the Prime Minister's Office for all international trade negotiations to be handled by one office with a focused approach
Did 2018-19 income tax e-filings drop by 1% or jump 19%? Answer depends on which data you are looking at
Kotak researchers, in the 30 April report, cited the income tax e-filings figures on the department website which showed a decline in FY 2018-19 to 6.68 crore from 6.74 crore in the previous fiscal (2017-18).
Tax officials to scrutinise mismatch between ITR, service tax returns for 2015-16 and 2016-17 fiscals
The mismatch in ITR and service tax returns has come to notice in respect of PANs that are either not at all registered under service tax or PANs which are registered but did not file service tax returns.
The Income Tax department has notified I-T return forms for individuals and companies for the assessment year 2019-20
This is the sixth time the government has extended the deadline for individuals to link their Permanent Account Number (PAN) to Aadhaar
Income Tax Department responsible for loss of Rs 6,000 cr in real estate taxes after error in assessment, reveals CAG report
CAG has exposed the chinks in the armour of the Income Tax Department revealing that the department has lost Rs 6,093.71 crore as tax revenue from the real estate sector due to errors
People carried out high value transactions to get 21 days to file IT returns, submit response; no response to invite action: CBDT
In cases where no return is filed or no response is received for assessment year (AY) 2018-19 within the stipulated time, the department would consider initiating proceedings under the Income Tax Act 1961.
IT 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