Income Tax
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Kapil Sibal takes a jibe at CBI, says 'agency is uncaged parrot whose plumes are saffron'
India | August 20, 2022 11:53 ISTThe former minister's comment came after CBI conducted a raid at Delhi Deputy Chief Minister Manish Sisodia's residence on Friday in connection with the alleged scam in the recently withdrawn excise policy of the Aam Aadmi Party government.
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Uttar Pradesh: Income Tax Department conducts searches, over Rs 15 crore cash seized
India | August 13, 2022 7:13 ISTUttar Pradesh news: The search operation was launched on August 3 which covered around 30 premises in Jhansi, Delhi, Lucknow, Kanpur and Goa.
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Maharashtra: I-T dept seizes Rs 58 crore cash; 32 kg gold during Jalna raid; took 13 hours to count
India | August 11, 2022 11:48 ISTJalna raids: The raids were conducted between August 1 to August 8 at the residential and official premises linked to business groups dealing in steel, clothing, and real estate.
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ITR filing: Income Tax department announces big change in verification timeline | Details
Business | August 02, 2022 12:31 ISTITR filing: Those who wish to send the ITR-V in a hard copy can send it through the usual address through "speed post only" to Centralised Processing Centre, Income Tax Department, Bengaluru-560500, Karnataka.
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ITR filing deadline missed? What you can do now
India | August 01, 2022 16:50 ISTITR filing deadline: The deadline for filing I-T returns by those taxpayers who do not have to get their accounts audited for the fiscal that ended on March 31, 2022 was Sunday (July 31, 2022).
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Income tax return filing due date today, will government extend deadline?
Business | August 01, 2022 13:39 ISTIncome Tax return filing deadline: The department issued a public message through its official Twitter handle asking taxpayers, largely individuals and salaried class, to file their returns within the due date of July 31.
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Income Tax Returns trends as deadline for filing approaches; users raise several issues & troll CAs
Trending | July 31, 2022 10:58 ISTIncome Tax Returns: According to the official portal, only 40 per cent returns have been filled till, July 27. As people try to file their returns, they have pointed out glitches in the official portal.
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Income Tax Return deadline tomorrow: Know the fine you have to pay if you miss filing it
July 30, 2022 12:22 ISTIncome Tax Return deadline: Not just a late fee, but the missing deadline will also have some other financial consequences. Apart from the late fee charges missing deadlines have several other implications. If you miss the deadline you will be required to pay interest on the late payment of taxes.
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No plan to extend deadline for filing income tax returns: Government
Business | July 22, 2022 21:04 ISTThe Income Tax Department has prescribed 7 types of ITR forms, whose applicability will depend on the nature and amount of income and the type of taxpayer.
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Popular tax saving instruments for risk-averse individuals
July 08, 2022 19:58 ISTAs per the Income Tax Act, 1961, an individual is entitled to a deduction of Rs 1.50 lakh per annum under Section 80C.
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Buyer to deduct TDS on peer-to-peer virtual digital assets transactions, says CBDT
Business | June 29, 2022 11:11 IST"Thus, in a peer-to-peer (ie buyer to the seller without going through an Exchange) transaction, the buyer (ie person paying the consideration) is required to deduct tax under section 194S of the Act," the CBDT said.
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I-T portal marred with another glitch on first anniversary; Infosys asked to fix issue
June 07, 2022 15:38 ISTInfosys has confirmed the glitch on the e-filing portal and assured resolving the issue on priority.
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Govt notifies form for filing updated ITRs
Business | May 01, 2022 13:16 ISTThe new form (ITR-U) will be available to taxpayers for filing updated income tax returns for 2019-20 and 2020-21 fiscals.
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Income Tax raids on real estate giant Hiranandani Group in Mumbai, other cities
India | March 22, 2022 16:23 ISTI-T's raids are underway at properties linked to Hiranandani Group in Mumbai, Chennai and Bengaluru.
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I-T dept raids former NSE MD Chitra Ramkrishna
Business | February 17, 2022 15:08 ISTChitra Ramkrishna is in the news after a recent Sebi order said she was steered by a yogi, dwelling in the Himalayan ranges, in the appointment of Anand Subramanian as the exchange's group operating officer and advisor to the managing director (MD).
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Budget 2022: Businesses welcome Modi govt's futuristic vision, digital-first India
Business | February 03, 2022 15:48 ISTIntroduction of digital currency, investments in the construction of roads, railways, airports, ports, 400 new Vande Bharat trains, rural housing, and no change in income-tax slabs were among key announcements. Let's take a look at what different businesses have to say post-budget announcement.
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Budget 2022: What common man needs to know | Top points
Business | February 02, 2022 8:20 ISTFinance Minister Nirmala Sitharaman presented Budget 2022 on Tuesday announcing that digital currency, 5G services will be launched by next year, new Vande Bharat trains but no change in tax slabs. Let's take a look at what a common man needs to know about Modi government's budget.
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Budget 2022: Why didn't government change personal income tax rates? FM Sitharaman answers
Business | February 01, 2022 18:52 ISTThe basic personal tax exemption limit in the personal income tax was last revised in 2014. Notably, personal income tax is one of the most keenly awaited announcements in the Budget every year.
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Budget 2022: Income tax slabs unchanged
Business | February 01, 2022 13:52 ISTAhead of the Budget, taxpayers were expecting the announcement of changes in Income Tax slabs and rates.
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Centre extends deadline for filing Income Tax returns to March 15
Business | January 11, 2022 19:10 ISTThe decision comes as people have been facing difficulties in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961
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