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Latest Articles in income tax

5.42 Crore ITRs Filed Till August, Up By 71 Per Cent, Presumptive Tax Filers Jump 8-Fold

The total ITRs e-filed upto August, 2018 increases from 3.17 crore to 5.42 crore, up 70.86 per cent. Presumptive tax filings increase on account of rise in e-filings by salaried individuals.

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Messages Luring People With Fake Promises Of IT Refunds Prowling, Alert issued

Recently, some people wrote on social media platforms that they had received messages in the name of the Income Tax Department saying their refunds have been approved

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Add 1.25-crore Fresh Tax Filers This Year: CBDT To I-T dept

A new income tax filer is defined as a person who is not included in the tax filing base at the beginning of the year, but who files the return during the year

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IT Dept Cautions TDS Deductors Against Quarterly Filing Default

The Central Board of Direct Taxes (CBDT), that frames policy for the department, issued an advertisement in leading national dailies in this context

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Income Tax Department Freezes Certain Cognizant Bank Accounts

Cognizant failed to pay the tax of more than 25 billion rupees ($385 million) in the 2016-17 financial year, the Hindu newspaper reported, citing officials from the tax department

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Major Tax Changes That Will Be Effective From 1 April

Indian Finance Minister Arun Jaitley has presented the Union Budget 2018 at the Parliament on 1 February 2018. BW Businessworld presents to you some of the key tax changes that will come into effect

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Kolkata Among Top Eight Cities In IT Revenue Collection: Jha

The mega healthcare plan announced in the Budget to provide 10-crore poor families with insurance cover against hospitalisation will cost up to Rs 12,000 crore annually and is likely to be launched on August 15 or October 2, officials said today.

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Do Not Donate Over Rs 2000 In Cash To Political Parties: I-T dept

In a bid to clean up election funding, the government early this year had notified 'electoral bonds' that can be bought from specified branches of the SBI and used to donate money to political parties

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Deadline For Linking Of Aadhaar With Various Services Extended

The apex court said the Constitution Bench would commence final hearing from January 17 on the petition challenging the Aadhaar scheme itself

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Flat Income Tax System Undesirable: Industry, Trade Officials

The current income tax slabs in India compare favourably with most democracies where the government is expected to invest in social welfare and infrastructure

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Taxmen Raid Jaya TV, Associates, Over Suspected Tax Evasion

Jaya TV also reported the searches by tax sleuths in its premises and at Jazz cinemas. The searches were being conducted by more than 10 groups since morning, said sources

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Govt Extends Deadline For Return Filing Of Audit Reports To Nov 7

This is the second extension given to them after the first deadline expired on September 30 and it was extended till October 31

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I-T Dept Launches 'Online Chat' To Answer Taxpayers Queries

A team of experts from the department and independent tax practitioners has been deputed to answer the general queries of a taxpayer. This first-time initiative is aimed to enhance taxpayer services in the country

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Slew Of Measures Taken To Better Tax Administration: Jaitley

Jaitley said that net direct tax collections up to September 18, 2017 in the current financial year rose to Rs 3.7 lakh crore, showing a growth of 15.7 per cent.

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I-T Dept Fastens Belt To Add 1.25 Cr New Tax Filers This Year

The plan to widen the tax base in the country was also discussed and finalised during the recently concluded 'Rajswa Gyansangam

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