Finance Minister Nirmala Sitharaman on Tuesday urged income tax (I-T) officials to follow the three ‘Rs’ — Returns, Refund and Redressal — to make the system more efficient and people-friendly. New Delhi, Sep 27 (IANS) Finance Minister Nirmala Sitharaman on Tuesday
TAX RELIEF TO PERSONS WITH DISABILITY TAX DEDUCTION LIMIT ON EMPLOYER’S CONTRIBUTION TO NPS ACCOUNT OF STATE GOVERNMENT EMPLOYEES INCREASED TO 14% FROM 10% INCOME FROM VIRTUAL DIGITAL ASSETS TRANSACTIONS TO BE TAXED AT 30% NEW STEPS TO AVOID REPEAT
New Delhi, Jan 1 (IANS) The announcement by Revenue Secretary Tarun Bajaj on the last day of 2021 seems to have worked, as 46.11 lakh Income Tax Returns (ITRs) were filed on December 31, 2021, taking the overall total to 5.89
New Delhi, Dec 18 (IANS) Accelerated economic recovery, as well as easing Covid restrictions, have lifted the Centre’s net direct tax collections for FY22 (till December 16) by over 60 per cent on a year-on-year basis. According to the Ministry of
Srinagar, Nov 23 (IANS) The Income Tax Department’s new Office-cum-Residential complex — The Chinars, here, was inaugurated on Monday by Finance Minister Nirmala Sitharaman in the presence of Jammu and Kashmir Lt. Governor Manoj Sinha. Dedicating the project to the people
New Delhi, Oct 14 (IANS) The e-filing portal of the Income Tax Department has marked receipt of more than 2 crore Income Tax returns as on 13th October 2021, a government statement released on Thursday said. The new portal was launched
New Delhi, Sep 12 The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 70,120 crore to more than 26 lakh taxpayers so far in the current financial year. In a tweet on Sunday, the Income Tax
New Delhi, Aug 23 (IANS) The income tax e-filing portal is now live after remaining unavailable for around two days. Infosys, the developer of the portal, informed about the development through a tweet. The tweet came after the Finance Ministry summoned
New Delhi, Aug 12 The Income Tax Department will refund excess amount of interest and late fee paid by taxpayers during the return filing for FY21. In a tweet, the department said that the income tax return filing software was
New Delhi, Aug 7 The Income Tax Department has further strengthened its Faceless Scheme by extending grievance registering facility to taxpayers without any physical touch points. The department has now created dedicated e-mail ids for registering grievances in respect of
New Delhi, July 25 The Income Tax (I-T) Department has conducted a pan-India search operation on a prominent business group, which is involved in businesses in various sectors, including media, power, textiles and real estate, with a group turnover of
Hyderabad, July 10 The Income Tax Department’s searches at properties owned by Andhra Pradesh MP Alla Ayodhya Ramireddy’s family-owned Ramky Group in Hyderabad three days ago have revealed a Rs 1,200 crore artificial loss. The raids conducted on July 6
New Delhi, June 5 (IANS) The Income Tax Department is launching its new e-filing portal on June 7. The new e-filing portal www.incometax.gov.in is aimed at providing taxpayer convenience and a modern, seamless experience to taxpayers. The new taxpayer-friendly portal has
New Delhi, June 5 The Income Tax Department is launching its new e-filing portal on June 7. The new e-filing portal www.incometax.gov.in is aimed at providing taxpayer convenience and a modern, seamless experience to taxpayers. The new taxpayer-friendly portal has been
New Delhi, May 20 The Income Tax Department will launch its new e-filing portal www.incometax.gov.in on June 7. The new e-filing portal is aimed at providing taxpayer convenience and a modern, seamless experience to taxpayers, ministry of finance said in
New Delhi, May 20 The Income Tax Department will launch a new income tax filing portal on June 7. Therefore, the existing portal will remain suspended for 6 days from June 1 to June 6,” said a circular by the
New Delhi, March 31 In a relief for taxpayers, the Centre has again extended the deadline for linking of Aadhaar number with the Permanent Account Number (PAN) till June 30 this year. The previous deadline ended on Wednesday, March 31.
New Delhi, Feb 17 (IANS) The Central Board of Direct Taxes (CBDT) has so far issued over Rs 1,93,455 crore in refunds to over 1.90 crore taxpayers from April 1 till February 15, the Income Tax department said on Wednesday. As
New Delhi, Jan 11 Middle class tax payers may get a lot to cheer about the Budget proposals to be presented by Finance Minister Nirmala Sitharaman next month. Sources said that the Budget 2020-21 may take the sops announced earlier
New Delhi, Dec 28 The Income Tax Department has said that over 4.2 crore income tax returns (ITR) have been filed so far for the assessment year (AY) 2020-21. A tweet by the IT Department said that as of December
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