income-tax department

Unaccounted Rs1,000-crore unearthed in Tamil Nadu

Unaccounted Rs1,000-crore unearthed in Tamil Nadu

ChennaiIn simultaneous searches on a private firm in the information technology infrastructure sector at 5 locations in Chennai and Madur...Read More

Income Tax Department raids at  advertisement company in Bhopal and Raipur

Income Tax Department raids at advertisement company in Bhopal and Raipur

Income tax department has conducted raids on offices of an advertisement company at several locations in Bhopal and Raipur on Friday. The...Read More

News you can use: As ITR filing deadline nears, here are key changes in ITR-1 and ITR 2 form you need to know

News you can use: As ITR filing deadline nears, here are key changes in ITR-1 and ITR 2 form you need to know

The Income Tax Department had notified new income tax return (ITR) Forms (ITR-1 to ITR-7) for FY 2019-20 (01 April 2019 to 31 March 2020)...Read More

To be vetted: Income-tax raids in Poll-Bound Bihar

To be vetted: Income-tax raids in Poll-Bound Bihar

Just as Bihar got into the poll gear, the Income-Tax Department kicked off raids on a person in the business of mining and hotel industry...Read More

I-T refunds worth Rs 1.18 lakh cr issued to 33.54 lakh taxpayers till Sep 29

I-T refunds worth Rs 1.18 lakh cr issued to 33.54 lakh taxpayers till Sep 29

The Income Tax department on Wednesday said it has issued refunds worth over Rs 1.18 lakh crore to over 33 lakh taxpayers in 6 months til...Read More

Deadline for filing IT returns for AY 2019-20 now Nov 30

Deadline for filing IT returns for AY 2019-20 now Nov 30

In a major relief for taxpayers, the Centre on Wednesday announced extension of the due date for filing income tax returns for assessment...Read More

NCP chief Sharad Pawar gets Income Tax notice over poll affidavits

NCP chief Sharad Pawar gets Income Tax notice over poll affidavits

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

IT dept might defunct over 180 million PANs if not linked with Aadhaar before March 31

IT dept might defunct over 180 million PANs if not linked with Aadhaar before March 31

The Income Tax (IT) department has decided to take action against those who have not yet linked their permanent account numbers (PAN) to ...Read More

With an aim to bring transparency in tax systems, PM Modi to launch Transparent Taxation platform

With an aim to bring transparency in tax systems, PM Modi to launch Transparent Taxation platform

Mumbai: Prime Minister Narendra Modi today (Thursday) at 11 am will launch the platform for “Transparent Taxation - Honoring The Honest” ...Read More

CBDT extends income tax return filing deadline till September 30

CBDT extends income tax return filing deadline till September 30

The government on Wednesday extended the deadline for filing income tax returns for 2018-19 fiscal by two months till September 30. "In v...Read More

Income Tax Returns Filing: All you need to know about eligibility of filing ITR for FY 2019-20

Income Tax Returns Filing: All you need to know about eligibility of filing ITR for FY 2019-20

The Income Tax Department has announced a further extension to the deadline for filing income tax return (ITR) for the financial year (FY...Read More

I-T dept to share PAN, bank account data with 10 probe, intel agencies under NATGRID

I-T dept to share PAN, bank account data with 10 probe, intel agencies under NATGRID

New Delhi: The Income Tax Department will share PAN and bank account details of any entity with 10 investigative and intelligence agencie...Read More

Form 26AS to have details of high-value financial transactions - How will it benefit taxpayers

Form 26AS to have details of high-value financial transactions - How will it benefit taxpayers

New Delhi: The Income Tax Department on Saturday said the new Form 26AS would have additional details of taxpayers' high-value financial ...Read More

IT dept introduces new TDS rules; here's how much tax will be deducted on cash withdrawals from bank

IT dept introduces new TDS rules; here's how much tax will be deducted on cash withdrawals from bank

In order to discourage cash transactions and increase tax compliance, the income tax department has amended TDS rules.In the 2019-20 budg...Read More

TDS, TCS rates reduced by 25%: Here's a revised list of rates issued by Income Tax department

TDS, TCS rates reduced by 25%: Here's a revised list of rates issued by Income Tax department

Tax deducted on payment of dividend, insurance policy, rent, professional fee and on the acquisition of immovable property has been cut b...Read More

'Young' IRS officer left red-faced after Fin Min disowns Income Tax recommendations - the story so far

'Young' IRS officer left red-faced after Fin Min disowns Income Tax recommendations - the story so far

Amid the coronavirus outbreak, we are all aware that the several businesses have been severely hit with many even shutting down. And not ...Read More

From PAN-Aadhaar link to tax saving investment: Here are financial deadlines in March 2020 you ought to know

From PAN-Aadhaar link to tax saving investment: Here are financial deadlines in March 2020 you ought to know

If you do not meet the deadlines you may have to shell out enormous amount of penalties

Mumbai: Income Tax department prepares list of PSUs to resolve settlement dispute under Vivad se Vishwas Scheme

Mumbai: Income Tax department prepares list of PSUs to resolve settlement dispute under Vivad se Vishwas Scheme

Sources also said that in case of CPSUs, the income tax department had calculated tax demands that went up to Rs 1.57 lakh crore

Not linked Aadhaar-PAN card yet? You may have to pay Rs 10,000 as a penalty: Know more

Not linked Aadhaar-PAN card yet? You may have to pay Rs 10,000 as a penalty: Know more

The deadline to link your Aadhaar and PAN card is on March 31

Dharma, Balaji Telefilms and other production houses come under Income Tax scanner

Dharma, Balaji Telefilms and other production houses come under Income Tax scanner

Big Production houses including Balaji Telefilms, Dharma Productions, Maddock and others have come under the Income Tax Department scanne...Read More

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