income-tax

Govt rejects demand for further extending date of filing returns beyond Feb 15

Govt rejects demand for further extending date of filing returns beyond Feb 15

In case of return for tax audit cases, the date was extended to February 15, from the earlier January 31. It was for the third time the t...Read More

ITR Deadline: Due date is almost here, I-T Department reminds taxpayers

ITR Deadline: Due date is almost here, I-T Department reminds taxpayers

The extended due date to file ITR for individuals ends on January 10,2021

Robert Vadra questioned for the second day in benami assets case

Robert Vadra questioned for the second day in benami assets case

Vadra is being questioned by a team of five officials over the alleged illegal properties bought using the kickbacks received by Sanjay B...Read More

India's tax pie gets altered because of pandemic; share of direct taxes drops

India's tax pie gets altered because of pandemic; share of direct taxes drops

The share of indirect taxes, which mainly comprise of levy on goods and services as well as import duty, has risen while that of direct t...Read More

Amid reports of I-T probe, Diljit Dosanjh shares 'Certificate of Appreciation' from Income Tax Dept

Amid reports of I-T probe, Diljit Dosanjh shares 'Certificate of Appreciation' from Income Tax Dept

The complaint accused Diljit of illegally receiving funding from UK and Canada.

Budget 2021: What do senior citizens expect from Nirmala Sitharaman?

Budget 2021: What do senior citizens expect from Nirmala Sitharaman?

Hit by the pandemic, this year’s budget will be keenly observed by the senior citizens who are expecting rise in the Income Tax (I-T) exe...Read More

Over 4.84 crore ITRs filed till Dec 31, says Income Tax dept

Over 4.84 crore ITRs filed till Dec 31, says Income Tax dept

Giving a breather to the tax payers who were under tremendous pressure to meet the December 31, 2020 deadline to file their returns, the ...Read More

CBIC extends deadline for filing GST Annual Returns

CBIC extends deadline for filing GST Annual Returns

The extension of the deadline is expected to allow more time to businesses and tax practitioners to overcome the challenges in filling re...Read More

ITR filing extension: All you need to know for individuals, companies, GST and 'Vivad se Vishwas' Scheme

ITR filing extension: All you need to know for individuals, companies, GST and 'Vivad se Vishwas' Scheme

The government has been receiving several representations on the need to extend the deadline, on account of obstruction to business due t...Read More

ITR Filing: Extension of due date till Jan 10 fails to cheer taxpayers

ITR Filing: Extension of due date till Jan 10 fails to cheer taxpayers

Considering it as the shortest extension ever, professionals are of the view that these 10 days of extension of due date won’t be enough ...Read More

Amid pleas, Finance Ministry silent on extension of ITR deadline

Amid pleas, Finance Ministry silent on extension of ITR deadline

On the other hand, the government seems to have join the Income tax department in reminding the tax payers to meet the dead line to file ...Read More

Don't wait, File your ITR for AY 2020-21 today, reminds income tax department

Don't wait, File your ITR for AY 2020-21 today, reminds income tax department

Around 4.37 crore income tax returns for fiscal 2019-20 (Assessment Year 2020-21) have been filed till December 28, the Income tax depart...Read More

41% small businesses say impossible to file ITR by Dec 31: Survey

41% small businesses say impossible to file ITR by Dec 31: Survey

Small businesses have had a highly challenging 2020 due to the Covid-19 pandemic and the lock downs. It was only after September when the...Read More

ITR Deadline: Not able to meet Dec 31 due date for Income Tax Return? Here is what you should know

ITR Deadline: Not able to meet Dec 31 due date for Income Tax Return? Here is what you should know

If you file your return after the deadline that is on or after January 1, 2021, then you would have to pay a late fee of up to Rs 10,000....Read More

ITR filing: All you need to know about Income Tax dept's ‘Jhatpat Processing’

ITR filing: All you need to know about Income Tax dept's ‘Jhatpat Processing’

The ‘Jhatpat Processing’ feature will help individuals in filing tax returns quickly in a seamless manner.

Madhya Pradesh: CBDT report lands Congress, BJP in a spot

Madhya Pradesh: CBDT report lands Congress, BJP in a spot

After the revelations following the income tax raids during the Lok Sabha election in Madhya Pradesh, both the BJP and Congress have land...Read More

Maharashtra: Income Tax inspector held in Kolhapur for bribery

Maharashtra: Income Tax inspector held in Kolhapur for bribery

An Income Tax Inspector in Kolhapur was arrested by the Maharashtra Anti Corruption Bureau for allegedly demanding a bribe of Rs 10 lakh ...Read More

Indicating recovery, cos pay 49% more advance tax in Q3: CBDT source

Indicating recovery, cos pay 49% more advance tax in Q3: CBDT source

The higher growth is primarily due to the low base last fiscal year when the government had slashed corporation tax rates to a record low...Read More

‘Vivad se Vishwas’: 525 applications filed in Indore Zone of Income Tax

‘Vivad se Vishwas’: 525 applications filed in Indore Zone of Income Tax

Rakesh Kumar Paliwal, Principal Chief Commissioner of Income Tax (PCC I-T) of MP-Chattisgarh, disclosed this on Monday.

Former Chief Minister Prithviraj Chavan gets IT notice, slams BJP

Former Chief Minister Prithviraj Chavan gets IT notice, slams BJP

After Nationalist Congress Party (NCP) supremo Sharad Pawar, former chief minister and veteran Congress leader Prithviraj Chavan has rece...Read More

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