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

  Income Tax | 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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  Income Tax Returns: Over 5.27 crore ITRs filed for fiscal 2019-20 till Jan 7

  Business | January 08, 2021 22:20 IST

  More than 5.27 crore income tax returns (ITRs) for fiscal year 2019-20 have been filed till January 7, the Income Tax Department said on Friday. 

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

  Income Tax | 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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  Due date for filing income tax returns extended. Check details

  Business | December 30, 2020 23:03 IST

  In view of the continued challenges faced by taxpayers in meeting statutory compliances due to the outbreak of COVID-19, the government on Wednesday further extends the dates for various compliances.

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  Income Tax Returns: Over 4.54 crore ITRs filed for fiscal 2019-20 till Dec 29

  Business | December 30, 2020 15:55 IST

   At the close of deadline for filing ITRs without payment of late fees for fiscal 2018-19 (assessment year (AY) 2019-20), over 5.65 crore returns were filed by taxpayers.

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

  Income Tax | 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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  Karnataka Congress chief DK Shivakumar summoned by CBI in disproportionate assets case

  India | November 24, 2020 17:00 IST

  Karnataka Congress chief DK Shivakumar has been summoned by the Central Bureau of Investigation on November 25, 2020 in connection with the CBI raid that took place at his residence on October 5.

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  Tax relief! Govt announces relaxations for home buyers, developers - Check details

  Business | November 12, 2020 14:56 IST

  Union Finance Minister Nirmala Sitharaman on Thursday announced income tax relaxations to allow sale of primary residential units of up to Rs 2 crore value below the circle rate. So far, only 10 per cent difference between the circle rate and the agreement value was allowed.

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  India among select nations which recognise taxpayers: PM Modi

  Business | November 11, 2020 18:37 IST

  PM Modi on Wednesday inaugurated the state-of-the-art-office cum residential complex of Income Tax appellate Tribunal-ITAT in Cuttack, Odisha. Addressing the event via video conferencing, PM Modi said, "India among select nations which recognise taxpayers' rights and responsibilities; step towards creating trust in tax system."

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

  Income Tax | 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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  LTC cash voucher scheme: Private sector employees, non-central govt staff eligible for I-T exemption

  Business | October 30, 2020 10:39 IST

  The conditions listed out by the CBDT for availing the tax exemption under the LTC cash voucher scheme require the employee to spend a sum equal to three times of the value of the deemed LTC fare.

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

  Income Tax | 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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  I-T raids hawala operatives across Delhi, Goa, other states

  India | October 27, 2020 12:47 IST

  The Income Tax Department has recovered cash and jewellery worth about Rs 5.26 crore after it carried out multi-city raids against hawala operators and individuals who prepare fake bills, the CBDT said on Tuesday. 

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

  Income Tax | 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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  Bihar polls: I-T notice to Congress after money recovered from parked vehicle outside Patna office

  Business | October 22, 2020 23:42 IST

  A team of Income Tax officials on Thursday issued a notice to Congress after money was recovered from a vehicle parked outside its Patna office. One person detained outside the campus of the office after Rs 8.5 Lakh was recovered from him.

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

  Income Tax | 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 

  Income Tax | 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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  CBDT launches faceless income tax appeals

  Business | September 25, 2020 18:05 IST

  The Central Board of Direct Taxes (CBDT) on Friday launched the Centre's much-publicised reform measure of faceless income tax appeals. 

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  NCP Chief Sharad Pawar gets Income Tax notice over poll affidavits

  India | September 22, 2020 16:27 IST

  NCP chief Sharad Pawar on Tuesday said the Income Tax department has served him a notice in connection with his poll affidavits submitted to the Election Commission.

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  Madras HC notice to A.R. Rahman in IT case

  Entertainment | September 12, 2020 13:15 IST

  The Madras High Court has ordered a notice to composer A R Rahman on an appeal made by the Principal Commissioner of Income Tax against the decision of the Income Tax Appellate Tribunal (ITAT) that went in favour of the music composer.