Itrs

CBDT extends Income Tax Returns filing deadline for audit cases by a month to 31 October

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

Income Tax dept issues Rs 64,700-cr refund between 1 April - 18 June, 2019: Nirmala Sitharaman

The Income Tax department has issued Rs 64,700 crore worth refunds in the current fiscal, and for full 2018-19 fiscal the amount released was over Rs 1.61 lakh crore, Finance Minister Nirmala Sitharaman said on Monday

Income Tax dept revises Form 16 issued by employers to check tax avoidance

The Income Tax department has revised Form 16 by adding various details, including income from house property and remuneration received from other employers, thereby making it more comprehensive to help check tax avoidance

Suspicious income tax refund claims under scanner as numbers rise; I-T returns filings up 37% till January: Govt

Minister of State for Finance Shiv Pratap Shukla in a written reply to a question in Rajya Sabha said there has been an increase in detection of suspicious income tax refund claims.

Govt extends deadline till 15 October for filing ITR, audit report for financial year 2017-18

The Central Board of Direct Taxes (CBDT) had received representations from stakeholders seeking extension of the last date for filing of returns by taxpayers whose accounts have to be audited.

Over two lakh non-filers filed IT returns in FY 2017-18, paid Rs 6,416 crore tax to the exchequer

Minister of State for Finance Shiv Pratap Shukla said sustained non-intrusive campaign the last fiscal led to 18 percent jump in direct tax collection to Rs 10.03 lakh crore

Income Tax Department's warning to the salaried against bogus refund claims smacks of inept assessment

Pleading and issuing warnings smack of ineptness, an ineptness in making a proper assessment of refund claims filed through income tax returns (ITRs).

I-T warns salaried class against filing wrong ITRs, says violators' employers will be informed

The Income Tax Department on Wednesday cautioned salaried class taxpayers against using illegal means like under-reporting of income or "inflating" deductions while filing their returns, stating violators will be prosecuted

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.