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  Income Tax Department releases 2020 calendar that mentions tax paying deadlines

  Business | January 04, 2020 19:59 IST

  I-T Department has now made things easier for taxpayers. The department has the released Year 2020 calendar that mentions all important dates including Income Tax deadlines.

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  PAN-Aadhaar linking deadline: PAN card may become 'inoperative' from Jan 2020. Check details

  Business | December 30, 2019 13:43 IST

  PAN-Aadhaar linking deadline: Your PAN card will be treated as 'inoperative' if you fail to link it with your Aadhaar card by 31 December 2019. The income tax department extended the Aadhaar-PAN linking deadline seven times. The Central Board of Direct Taxes (CBDT) in September extended the deadline from September 30 to December 31, 2019.

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  Mandatory to link PAN-Aadhaar by Dec 31: Income Tax department

  Business | December 15, 2019 17:43 IST

  It is mandatory to link your PAN with Aadhaar, according to the public message issued a fortnight before the deadline ends.

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  I-T department issues tax refunds of Rs 1.57 lakh crore till November

  Business | December 13, 2019 16:39 IST

  At a press conference called to disclose impact of steps taken to boost consumption in the economy so as to uplift growth from a six-year low, Pandey said tax refund cases have gone up by 17 per cent to 2.16 crore.

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  Income Tax department issues 2.10 crore tax refunds till November; Rs 1.46 lakh crore refunded

  Business | December 03, 2019 20:34 IST

  The Centralised Processing Centre (CPC) processed 4.70 crore tax returns between April 2019 and November 28 (almost eight months of current 2019-20 year) as opposed to 3.91 crore returns being processed in the same period a year back, they said.

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  Attention Aadhaar card holders! You may have to pay Rs 10,000 fine for making this mistake

  Business | November 13, 2019 14:27 IST

  Aadhaar cardholders there's an important update in the rules. Providing the wrong 12-digit biometric id number can attract a fine of Rs 10, 000. Hence, individuals need to be careful while quoting Aadhaar card numbers.

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  Rousing welcome to Congress leader Shivakumar in Karnataka

  India | October 26, 2019 18:25 IST

  Shivakumar was released from Tihar Jail after 50 days on Thursday on a conditional bail, granted by the Delhi High Court. He was in custody in connection with a case under the Prevention Money Laundering Act (PMLA) 2002, filed on a complaint by the Income-Tax Department, which had seized Rs 8.6 crore cash from his flat in New Delhi in August 2017.

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  Share secret info on overseas black money after permission'

  Business | September 19, 2019 17:13 IST

  It has also asked the taxman to guard against unauthorised disclosure of such information as it is a "serious matter".

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  Missed filing ITR? Here's what you MUST do

  Business | September 02, 2019 13:47 IST

  ITR Filing Deadline: August 31 was the last date to file income tax return. On the deadline day, the Income Tax department witnessed a record number of ITR (Income Tax Returns) filed. In a single day, a record number of more than 49 lakh ITRs filed. A record number of 49,29,121 ITRs were filed on August 31.

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  Deadline of filing ITRs not extended; do it by August 31: I-T department

  Business | August 30, 2019 20:23 IST

  On July 23, the government had extended the due date for filing income tax returns by individuals for the financial year 2018-19 by a month till August 31. The earlier deadline was July 31.

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  Government extends CBDT Chairman Mody's tenure by 1 year

  India | August 29, 2019 16:17 IST

  A 1982-batch Indian Revenue Service (Income Tax cadre) officer, Mody took over as the Central Board of Direct Taxes (CBDT) chief in February.  

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  Filing ITR online? Income Tax issues alert about this fraud; says, DON'T do this

  Business | August 22, 2019 13:35 IST

  ITR Filing 2019 Deadline: August 31 is the last day for filing Income Tax Return (ITR) for the Assessment Year 2019-20 (the Financial Year 2018-19). If you are a taxpayer and are or will file your income tax return then here is an important advisory issued by the Income Tax department.

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  Rs 700 crore undisclosed income unearthed in IT raids in Tamil Nadu

  Business | August 11, 2019 13:28 IST

  The Income Tax Department has conducted a search and seizure operation in Tamil Nadu and detected an undisclosed income of Rs 700 crore, according to an official statement.

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  Income Tax Department attaches Rs 254 crore benami equity shares of Kamal Nath's nephew Ratul Puri

  India | July 30, 2019 11:31 IST

  The Income Tax Department on Tuesday attached benami equity shares worth Rs 254 crore belonging to Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath.

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  Income Tax Return: Step-by-step guide to file ITR online before last date

  Fyi | July 16, 2019 14:36 IST

  ITR Filing: To file an income tax return (ITR) for the assessment year 2019-20 for FY 2018-19, July 31 is the last date. Individuals can file ITR online through income tax's e-filing ITR website. Here is a step-by-step guide on how to file ITR online – Part A and Part B.

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  ITR filing: File Income Tax return before last date and avoid these consequences

  Business | July 15, 2019 21:49 IST

  July 31 is the last day for filing Income Tax Return (ITR) for the assessment year 2019-20 (the financial year 2018-19). This year, certain sections of ITR forms will be pre-filled as notified by the Income Tax Department. If you have not filed your ITR this year, do it before the deadline or you will have to face these consequences.

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  CBDT directs I-T dept to share assets, accounts info of loan defaulters with banks

  Business | June 26, 2019 15:00 IST

  The CBDT has directed the Income-Tax Department to share in "public interest" details of assets and accounts of all such loan defaulters against whom a public sector bank has made a plea to it. 

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  IT Dept issues notices in 380 cases of undisclosed foreign assets of Rs 12,260 cr

  India | June 24, 2019 23:16 IST

  In a written reply to a question in the Lok Sabha, Nirmala Sitharaman said prosecution has been launched in 68 cases.

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  I-T department issued Rs 64,700 crore refund between Apr 1-Jun 18, 2019: Nirmala Sitharaman

  Business | June 24, 2019 14:38 IST

  In a written reply to a question in the Lok Sabha, she said over 6.49 crore electronic returns were submitted for the assessment year 2018-19 (financial year 2017-18), up 18.65 per cent from over 5.47 crore in the assessment year 2017-18.  

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  New compounding rules make it difficult for tax evaders to get away

  Business | June 15, 2019 19:19 IST

  The new guidelines will kick in from June 17, 2019, and apply to all cases for compounding received on or after this date.