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
New Delhi, Dec 26 The Income Tax Department on Friday said that over four crore income tax returns (ITR) have been filed for the assessment year (AY) 2020-2021. An IT Department tweet said that as of December 24, nearly 3.98
New Delhi, Oct 31 The Income Tax Department has issued tax refunds of about Rs 1,27,000 crore that have been sent to the bank accounts of individuals and businesses so far in this financial year, Finance Secretary Ajay Bhushan Pandey
New Delhi, Oct 27 The Income Tax Department has seized cash over Rs 2.3 crore and jewellery worth Rs 2.8 crore during searches at 42 locations in Delhi-NCR, Haryana, Punjab, Uttarakhand and Goa, on a large network of individuals running
New Delhi, Oct 26 The Income Tax Department has issued a lengthy instruction manual running into hundreds of pages for filling up the tax returns for assessment year 2020-21. The Income Tax Department has issued a detailed step by step
New Delhi, Aug 22 The Income Tax Department has carried out search and seizure operations at various locations in Bhopal, seizing cash and jewellery worth Rs 1.8 crore. A statement issued by the Central Board of Direct Taxes (CBDT) on
New Delhi, Aug 15 As The Faceless Assessment Scheme, 2019 kicks off, the Central Board of Direct Taxes (CBDT) has stipulated that all communications from the department to the taxpayer, assessee, third-party will be in the name of the National
New Delhi, Aug 13 The Income Tax (I-T) Department has issued instructions for mandatory attendance of officers to view the web telecast of Prime Minister Narendra Modi’s address to I-T officers and taxpayers on Thursday. An instruction to this effect
New Delhi, Aug 12 The Income Tax Department on Tuesday mounted a search at various premises of identified Chinese entities, their close confederates and couple of bank employees. The action followed credible information with the tax department that a few
New Delhi, July 25 Finance Minister Nirmala Sitharaman has reserved words of praise for the Income Tax department, complementing officers for being responsive to the needs of the taxpayers during the pandemic times by relaxing various compliance requirements and addressing the
New Delhi, July 13 The Income Tax Department has facilitated a new functionality for banks and post offices to ascertain TDS applicability rates on cash withdrawal of above Rs 20 lakh in case of a non-filer of the income-tax return and
Chennai, April 4 (IANS) The Central government has extended the validity of Forms 15G and 15H submitted by fixed deposit holders during fiscal 2019-20, till June 30, a senior official of the All India Bank Employees’ Association (AIBEA) said on Saturday.
New Delhi, March 24 The Union Finance Ministry on Tuesday extended the deadline for filing income tax returns for the financial year 2018-19 till June 30, 2020 in a bid to provide relief amid the coronavirus crisis. Addressing the media
New Delhi, Aug 19 The Income Tax (I-T) Department has decided to adopt a more friendly approach in its dealings with the tax assessees, sources said on Sunday, following Finance Minister Nirmala Sitharaman’s call for a mindset change among tax
New Delhi, June 15 (IANS) Tightening the screw on tax evaders, the revised guidelines issued by the Income Tax (I-T) Department have made serious offences under black money and benami laws “generally” non-compoundable. This means that a person or entity would
New Delhi, April 17 The Income Tax department has notified changes in Form 16 that requires more details about deductions under tax saving schemes, investment in tax saving schemes and income from other sources. The amended form will come into
Jammu, March 14 Income tax (IT) Department teams carried out simultaneous raids at over 30 places in Jammu and Srinagar on Thursday, based on IT surveys carried out earlier in the state, an official said. Over 30 establishments including hotels,
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