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Tag "income tax department"

FM urges I-T officials to expedite returns, refund process and grievance redressal

FM urges I-T officials to expedite returns, refund process and grievance redressal

🕔21:37, 27.Sep 2022

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

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TAXPAYERS CAN FILE UPDATED INCOME TAX RETURN WITHIN TWO YEARS

TAXPAYERS CAN FILE UPDATED INCOME TAX RETURN WITHIN TWO YEARS

🕔13:45, 1.Feb 2022

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

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Before New Year celebrations, 46.11 lakh filed ITR

Before New Year celebrations, 46.11 lakh filed ITR

🕔18:34, 1.Jan 2022

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

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Net Direct Tax collections up 60.8% YoY

Net Direct Tax collections up 60.8% YoY

🕔07:17, 18.Dec 2021

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

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Sitharaman inaugurates IT-D’s new office in Srinagar

Sitharaman inaugurates IT-D’s new office in Srinagar

🕔07:37, 23.Nov 2021

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

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Over 2 cr returns filed on e-filing portal of I-T Dept

Over 2 cr returns filed on e-filing portal of I-T Dept

🕔18:41, 14.Oct 2021

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

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CBDT issues tax refunds worth Rs 70K cr so far in FY22

CBDT issues tax refunds worth Rs 70K cr so far in FY22

🕔21:09, 12.Sep 2021

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

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IT e-filing portal now live after emergency maintenance : Infosys

IT e-filing portal now live after emergency maintenance : Infosys

🕔13:10, 23.Aug 2021

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

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I-T Dept to refund excess interest, late fee for FY21 return filing

I-T Dept to refund excess interest, late fee for FY21 return filing

🕔15:15, 12.Aug 2021

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

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Faceless grievance registering scheme improved

Faceless grievance registering scheme improved

🕔16:39, 7.Aug 2021

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

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I-T Dept conducts pan-India searches on prominent business group

I-T Dept conducts pan-India searches on prominent business group

🕔18:50, 25.Jul 2021

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

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Inccome Tax raids on Ramky Group reveals Rs 1,200 crore artificial loss

Inccome Tax raids on Ramky Group reveals Rs 1,200 crore artificial loss

🕔07:37, 10.Jul 2021

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

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New, taxpayer-friendly e-filing portal of I-T dept to be rolled out on June 7

New, taxpayer-friendly e-filing portal of I-T dept to be rolled out on June 7

🕔10:49, 6.Jun 2021

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

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New, taxpayer-friendly e-filing portal of I-T dept to be rolled out on June 7

New, taxpayer-friendly e-filing portal of I-T dept to be rolled out on June 7

🕔10:24, 6.Jun 2021

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

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I-T department to launch new e-filing Portal on June 7

I-T department to launch new e-filing Portal on June 7

🕔20:36, 20.May 2021

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

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New IT filing portal from June 7

New IT filing portal from June 7

🕔17:53, 20.May 2021

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

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Deadline for Aadhaar-PAN linking extended till Jun 30

Deadline for Aadhaar-PAN linking extended till Jun 30

🕔10:40, 1.Apr 2021

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.

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CBDT refunds over Rs 1.93 lakh cr to 1.90 cr taxpayers since April

CBDT refunds over Rs 1.93 lakh cr to 1.90 cr taxpayers since April

🕔22:13, 17.Feb 2021

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

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Middle class to gain from higher tax deductions likely in Budget 2021

Middle class to gain from higher tax deductions likely in Budget 2021

🕔20:27, 11.Jan 2021

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

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Over 4.2 cr ITRs filed so far for AY 2020-21

Over 4.2 cr ITRs filed so far for AY 2020-21

🕔06:53, 28.Dec 2020

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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