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  Over 6 crore Income Tax Returns filed for 2022-23 fiscal: Government data

  Business | July 30, 2023 20:53 IST

  Income Tax Return: The number of ITRs filed has exceeded the number of returns filed last year till July 31, according to government data.

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  July 31 is last day to file Income Tax Returns: Here's the easy ITR filing process

  Technology | July 30, 2023 17:28 IST

  Filing the Income Tax Return (ITR) on time is crucial to avoid penalties under Section 234F of the Income Tax Act, 1961. If someone forgets to file the ITR, they may attract a penalty of Rs 5,000 when filing a belated ITR.

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  Do minors have to file separate Income Tax Returns? Check details here

  Business | July 28, 2023 15:05 IST

  A minor can have two sorts of income: earned and unearned; in both circumstances, ITR should be recorded, observing specific guidelines applicable to earning minors.

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  Rule changes, deadlines, price of commodities to watch out for from August 1. Check details

  Business | July 27, 2023 22:22 IST

  From August 1, 2023, various changes linked to GST, payments system, bank transactions will come into effect that will directly impact the common man.

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  What are the penalties under Income Tax Act? Check details

  July 26, 2023 14:13 IST

  A penalty of Rs 5,000 if the refund is completed after the due date specified in section 139(1). However, if the total amount received does not exceed 5 lakhs, the penalty will be Rs 1,000.

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  Here's how to use PhonePe for Income Tax payment

  Technology | July 25, 2023 7:34 IST

  Once the payment is made, taxpayers will be able to access the generated Challan Identification Number (CIN) and other related information through the Challan Receipt. The payment status will also be updated as "PAID" under the "Payment History" tab.

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  ITR filing: Check these advantages that you can get from filing income tax returns before deadline

  July 21, 2023 13:02 IST

  The majority of people frequently view the process of filing income tax returns as time-consuming and cumbersome. That is the motivation behind why many choose to skip documenting returns.

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  How to update bank account and other details post ITR filing: A step-by-step guide

  July 20, 2023 13:00 IST

  ITR filing: Fortunately the tax department gives a choice to alter/change the bank and individual subtleties after filing the tax returns, that implies these mistakes can be amended.

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  File ITR at earliest as govt not contemplating extension of July 31 deadline: Revenue secretary

  Business | July 16, 2023 16:18 IST

  About 5.83 crore income tax returns were filed as on July 31 last year, the last day for filing returns for the assessment year 2022-23.

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  ITR filing: How to file income tax return without Form 16? KNOW HERE

  July 13, 2023 15:48 IST

  Form 16 is a record of Tax Deduction at Source (TDS), and it conveys the subtleties of complete expenses paid in a monetary year by a salaried citizen. The TDS certificate that an employer issues at the conclusion of a financial year is known as Form 16.

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  Karnataka: Income Tax dept seizes Rs 1 cr hidden in tree located in Cong leader's candidate's house

  Elections | May 03, 2023 19:43 IST

  Karnataka Elections 2023: According to sources, the money was seized from a tree located inside the residential compound of K. Subramanya Rai, the brother of Ashok Kumar Rai, who is contesting from the Puttur Assembly constituency on a Congress ticket.

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  Income Tax dept raids producer Vinod Bhanushali, other production houses in Mumbai

  Maharashtra | April 19, 2023 23:58 IST

  The Income Tax department on Wednesday conducted raids at producer Vinod Bhanushali's office and some other Bollywood production houses over allegations of tax evasion.

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  How to check your PAN-Aadhaar link status online: A step-by-step guide

  Business | April 12, 2023 14:00 IST

  The Income Tax Department recently took to Twitter to remind taxpayers about the approaching deadline for linking PAN and Aadhaar. All PAN card holders who do not belong to the exempt category are required to link their PAN with Aadhaar by March 31, 2023, as per the IT Act of 1961.

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  Calculate your income tax under new regime in the IT calculator: Check how to use it

  March 05, 2023 10:51 IST

  New Income Tax Regime, IT Calculator: Tax department has stated that a dedicated tax calculator is available on the website of Income tax to compare the old and new tax regimes for individuals and for everyone as per Section 115 BAC.

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  Tejashwi Yadav slams Centre over BBC I-T survey, says 'BJP wants to make India a country of Godse'

  India | February 18, 2023 11:25 IST

  BBC Income Tax survey: The I-T officials surveyed the UK-based broadcaster's offices over a charge of deliberate non-compliance with Indian laws, including transfer pricing rules and the diversion of profits illegally.

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  BBC 'survey': Income Tax dept claims 'income, profits not commensurate with operations in India'

  India | February 18, 2023 0:02 IST

  The raid which has been touted as a "survey" by the sleuths, claimed that the I-T department gathered evidence pertaining to the operation of the organisation which indicates that "tax has not been paid on certain remittances".

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  I-T marathon surveys at BBC Delhi, Mumbai offices end after 3 days of straight operation

  India | February 17, 2023 8:47 IST

  I-T marathon surveys at BBC Delhi and Mumbai offices came to end after 3 days of straight operation. It is expected that the IT department will issue detailed statements after one or two days.

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  Here is how new ITR forms are different from old ones - all you need to know

  February 16, 2023 18:21 IST

  This year, the CBDT has released tax return forms for the Fiscal Year 2022-23 well in advance. The change will assist taxpayers in being well-prepared for reporting requirements on tax return forms.

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  Here’s why residents of THIS Indian state do not have to pay income tax

  February 16, 2023 13:37 IST

  Sikkim, a small state in northeastern India, is exempted from paying income tax under its own tax laws, which were established in 1948, making it unique in the country.

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  Income Tax department's survey at BBC offices enters 3rd day | What we know so far

  India | February 16, 2023 12:48 IST

  The Income Tax department's survey at BBC offices triggered massive outrage as Opposition parties targeted the government calling the move as a dictatorship.