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Apr 08, 2019
Tax officials to scrutinise mismatch between ITR, service tax returns for 2015-16 and 2016-17 fiscalsThe 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.
Apr 05, 2019
Income Tax dept notifies ITR forms for individuals and companies for the assessment year 2019-20The Income Tax department has notified I-T return forms for individuals and companies for the assessment year 2019-20
Apr 01, 2019
Government extends deadline for linking PAN with Aadhaar by six months till 30 SeptemberThis is the sixth time the government has extended the deadline for individuals to link their Permanent Account Number (PAN) to Aadhaar
Feb 12, 2019
Income Tax Department responsible for loss of Rs 6,000 cr in real estate taxes after error in assessment, reveals CAG reportCAG 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
Jan 22, 2019
People carried out high value transactions to get 21 days to file IT returns, submit response; no response to invite action: CBDTIn 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.
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 31, 2018
Haven’t yet filed Income Tax Returns? Last day today; hurry up and save late fee of Rs 5,000Income Tax Returns will not be accepted unless you have paid the late filing fee.
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.
Oct 09, 2018
CBDT extends deadline for filing ITR, audit report till 31 OctoberThis is the second extension granted by the Central Board of Direct Taxes (CBDT) for return filing by those assessees whose books of accounts have to be audited.
Aug 31, 2018
Extended IT returns filing deadline ends at midnight on 31 August; belated returns to attract a fine of up to Rs 10,000Over five crore income-tax returns were filed till 30 August and 20 lakh returns were filed on 30 August.