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  Crackdown on corruption! Govt's big move against tax evasion, benami property. How to file complaint

  January 13, 2021 17:28 IST

  The Central Board of Direct Taxes (CBDT) has launched an automated dedicated e-portal on the e-filing website of the department to receive and process complaints of tax evasion, foreign undisclosed assets as well as grievances regarding benami properties.

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  CBDT rejects further extension of I-T returns due date, says pay penalty if not filed ITR

  January 12, 2021 12:58 IST

  The income tax department had received several representations to further extend dates for filing returns as disruptions caused pandemic had continued to create problems for various taxpayers.

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  Income tax calendar 2021: Important dates and deadlines you should know

  January 04, 2021 14:10 IST

  The Income Tax department extended the income tax filing dates for the thrid time. Individuals who do not have to file tax audit reports and were to file their income tax returns for FY20 by 31 December got time till January 10.

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  Income Tax Returns: Over 4.15 crore ITRs for fiscal 2019-20 filed till Dec 26

  December 27, 2020 18:22 IST

  As the deadline to file ITR by individuals nears, the tax department also urged people to file their ITR for assessment year (AY) 2020-21 early to avoid last minute rush.

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  ITR Filing: Finance Ministry notifies extended deadline for FY19-20 income tax return filing

  October 30, 2020 18:18 IST

  ITR Filing: The Finance Ministry has notified the extended due date for Income Tax Return (ITR) filing by individual taxpayers for FY 2019-20.

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  I-T refunds of Rs 1.26 lakh cr issued to 39.14 lakh taxpayers till Oct 27

  October 28, 2020 20:04 IST

  The Income Tax department has issued refunds worth over Rs 1.26 lakh crore to over 39 lakh taxpayers this fiscal so far.

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  ITR Filing FY19-20: Income tax return filing deadline extended till Dec 31

  October 24, 2020 16:43 IST

  ITR Filing: The last date for Income Tax Return (ITR) filing by individual taxpayers for FY 2019-20 has been extended by a month by the Income Tax Department. All Income Tax Returns can now be filed latest by December 31, 2020.

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  Income Tax Filing FY19-20: I-T department extends ITR filing deadline till Nov 30

  September 30, 2020 18:02 IST

  ITR Filing: The last date for Income Tax Return (ITR) filing for 2019-20 has been extended by two months till November 30 by the Income Tax Department on Wednesday.

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  I-T Dept issues guidelines for applicability of TCS provision with effect from Oct 1 

  September 29, 2020 22:40 IST

  The Income Tax Department on Tuesday issued guidelines for applicability of TCS provision which requires an e-commerce operator to deduct 1 per cent tax on the sale of goods and services with effect from October 1.

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  Businesses with annual turnover of up to Rs 40 lakh are now exempted from GST: Finance Ministry

  August 25, 2020 15:44 IST

  The Ministry of Finance on Monday said that businesses with an annual turnover of up to Rs 40 lakhs are exempt from GST and those with a turnover up to Rs 1.5 crore can opt for the Composition Scheme and pay only one per cent tax.  

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  Taxpayers not required to disclose high-value transactions in ITR

  August 17, 2020 17:49 IST

  Only third parties would report high-value transactions to the I-T department as per the Income Tax Act. Such information would be used to identify people who are not paying up due taxes, and not for examining affairs of honest taxpayers.

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  Tax Reforms: How the middle-class taxpayers can benefit from new system

  August 15, 2020 12:49 IST

  Prime Minister Narendra Modi last Thursday unveiled faceless tax assessment and appeals to reduce the scope for corruption and overreach by officials, signalling a major reform in the income tax system in the country. Here's an expert view on how the new tax reforms will help the middle-class.

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  PAN-Aadhaar card linking: Here's how you can link them online, via SMS

  August 14, 2020 21:37 IST

  PAN-Aadhaar card linking: Around 18 crore permanent account numbers (PANs) cards are not linked to Aadhaar card, suggested a report by the government. 

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  ITR Filing: 5 Common Mistakes That Can Draw Income Tax Notice

  August 01, 2020 9:35 IST

  The Central Board of Direct Taxes(CBDT) has again extended the deadline for filing of Income Tax Return FY 2018-2019.This no doubt has given some relaxation for taxpayers to file ITR. However, at times it may happen that we make a mistake while filing our ITR at the last minute. Here are common mistakes you should avoid while filing for your Income Tax Returns.

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  FY'19 income tax return filing deadline extended till September 30

  July 29, 2020 23:54 IST

  The government on Wednesday extended the deadline for filing income tax returns for 2018-19 fiscal by two months till September 30.

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  Income Tax Return: New and improved Form 26AS from this year. Check details

  July 19, 2020 11:57 IST

  CBDT on Saturday informed that from this Assessment Year (2020-20201), taxpayers will see an improved Form 26AS which would carry some additional details on taxpayers' financial transactions as specified Statement of Financial Transactions (SFTs) in various categories.

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  ITR: How to claim tax deduction benefit on health insurance under section 80D

  July 14, 2020 13:28 IST

  Medical emergency is something which can occur anytime, anywhere and to anyone without giving a warning sign. So, experts suggest taking health insurance is the best option to secure yourself from any future emergencies. Taking health insurance also provides tax benefits as one can get tax deductions while under section 80D.

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  ITR Filing FY 19-20: Key dates and things to remember

  July 08, 2020 22:18 IST

  ITR Filing: The last date for Income Tax Return (ITR) filing for AY 2020-21 has been extended by the Income Tax Department. It will be applicable for filing of ITR for the financial year 2019-20. Here're the important things you need to know about Income Tax Return filing.

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  Income Tax Department amends TDS form, makes it more comprehensive

  July 05, 2020 17:17 IST

  The income tax department has amended the TDS form, making it more comprehensive and mandating deductors to state reasons for non-deduction of tax.

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  Income Tax Department extends ITR filing deadline for FY 2019-20 to November 30

  July 04, 2020 12:31 IST

  Understanding & keeping in mind the times that we are in, we have further extended deadlines. Now, filing of ITR for FY 2019-20 is extended to 30th Nov, 2020, the Income Tax Department said on Saturday.

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  ITR: CBDT issues Income Tax Return forms 1 to 7 for FY 2019-20. Details here

  May 31, 2020 10:33 IST

  ITR for AY 2020-21: The Central Board of Direct Taxes (CBDT) has today notified Income Tax Return forms 1 to 7 for the Financial Year 2019-20 (Assessment Year 2020-21). The new notification announces rule changes in the Income Tax Rules 2020.

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  Economic package likely to include tax-paying middle class

  May 13, 2020 11:06 IST

  The Rs 20 lakh crore package announced by Prime Minister Narendra Modi may have something for the tax-paying middle class as well, Finance Minister Nirmala Sitharaman indicated in her tweet.