Income Tax
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File ITR at earliest as govt not contemplating extension of July 31 deadline: Revenue secretary
Business | Jul 16, 2023, 04:18 PM ISTAbout 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
Income Tax | Jul 13, 2023, 03:48 PM ISTForm 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, 07:43 PM ISTKarnataka 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 | Apr 19, 2023, 11:58 PM ISTThe 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 | Apr 12, 2023, 02:00 PM ISTThe 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
Income Tax | Mar 05, 2023, 10:51 AM ISTNew 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 | Feb 18, 2023, 11:25 AM ISTBBC 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 | Feb 18, 2023, 12:02 AM ISTThe 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 | Feb 17, 2023, 08:47 AM ISTI-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
Income Tax | Feb 16, 2023, 06:21 PM ISTThis 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
Income Tax | Feb 16, 2023, 01:37 PM ISTSikkim, 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 | Feb 16, 2023, 12:48 PM ISTThe Income Tax department's survey at BBC offices triggered massive outrage as Opposition parties targeted the government calling the move as a dictatorship.
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IT Raid In BBC Office: Raid of Income Tax on BBC created ruckus in the opposition?
News | Feb 15, 2023, 07:18 PM ISTThe Income Tax Department raided the offices of BBC in Delhi and Mumbai on Tuesday amidst the ongoing controversy over BBC's documentary 'India: The Modi Question'. After which this matter caught fire.
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IT Raid On BBC: What was found in the Income Tax Department's raid on BBC's office?
News | Feb 15, 2023, 07:16 PM ISTThe Income Tax raided the BBC's Delhi and Mumbai offices amid the ongoing controversy over the BBC documentary 'India: The Modi Question' released last month. However, it is not yet clear what the Income Tax Department has found during the investigation?
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CBDT issues Income Tax return forms for the fiscal year 2022-23
Personal Finance | Feb 15, 2023, 03:11 PM ISTThe Central Board of Direct Taxes (CBDT) issued Income Tax return forms for individuals, Hindu Undivided Families, businesses, and others for the fiscal year 2022-23, earlier than last year, providing ample time to prepare their returns.
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Amid documentary row, IT raids BBC offices in Delhi and Mumbai
News | Feb 14, 2023, 03:14 PM ISTThe Delhi office of British Broadcasting Corporation (BBC) which is in the HT House building on KG Marg was on Tuesday searched by the Income Tax department.
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Budget 2023: Govt increases income tax rebate to Rs 7 lakh per annum | 5 major announcements
Budget | Feb 01, 2023, 05:53 PM ISTBudget 2023: In a big relief for the common man, the Modi government on Wednesday made five major announcements in the personal income tax space including increasing rebate up to Rs 7 lakh per annum.
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How to get maximum tax benefits in FY 22-23 by investing in insurance: Tips
Income Tax | Jan 30, 2023, 02:42 PM ISTSaving in insurance should not be limited to saving taxes, but consumers should understand that insurance is a safety net that can protect them in planned and unplanned circumstances
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Budget 2023: Will FM Sitharaman revise the long-term pending income tax exemptions limit?
Budget | Jan 26, 2023, 10:03 AM ISTBudget 2023: People across industries are expecting changes in the tax regime as the Finance Minister Nirmala Sitharaman would be presenting the upcoming union budget before parliament on February 1.
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Income Tax Return Filing: How to file ITR - step-by-step guide
Income Tax | Jan 20, 2023, 12:44 PM ISTIf a resident's annual total income exceeds the basic exemption limit, an ITR must be filed in accordance with income tax laws.