Tag: Income Tax Returns

Govt witness 5% rise in income tax returns applications in FY20-21

Over 2.99 crore ITR-1 (filed by resident individuals having income less than Rs 50 lakh in a year) were filed till January 10 this year, lower than the 3.11 crore filed till September 10, 2019.

January 12, 2021

More than 4.15 crore ITRs for fiscal 2019-20 filed till December 26: IT department

The total number includes over 2.34 crore taxpayers filing ITR-1, over 89.89 lakh filing ITR-4, over 49.72 lakh ITR-3 and over 30.36 lakh filing ITR-2.

December 28, 2020

Income Tax Department carries out searches in Srinagar and Kupwara

These operations have, prima facie, led to the detection of a huge amount of undisclosed income, seizure of unaccounted assets and incriminating evidence and involvement in Benami transactions by these three groups.

September 2, 2020

Revised ITR forms for FY 2019-20 to be notified till month-end: CBDT

The return filing utility after incorporating necessary changes shall be made available by 31st May 2020 to avail benefits for FY 2019-20, CBDT said.

April 19, 2020

Relief for taxpayers; deadline for filing income tax returns extended to Aug 31

The Central Board of Direct Taxes has extended the deadline in view of some taxpayers facing difficulties in filing their ITR due to various reasons including the extension of due date for issue of Form 16

July 24, 2019

Direct tax collections for April-November up by 15.7 percent

While the Corporate Income Tax was growing at 17.7 per cent, Personal Income Tax collections were growing at 16 per cent

December 10, 2018

68% rise in crorepatis since 2014, tax returns up 80%: CBDT

The CBDT also said the average income of salaried, non-salaried and corporate taxpayers has risen over the last three years.

October 22, 2018

Companies get time till Oct 15 to file Income tax returns, audit reports

Patna-based Chartered Accountant Agnesh Kumar Gupta said the extension of 15 days is not enough and the government should have allowed time till October 31.

September 24, 2018

Deadline for filing tax returns extended by month till August 31

As per government records, around 6.84-crore income tax returns were filed during FY 2017-18, compared to 5.43 crore filed during FY 2016-17

July 26, 2018

31 March deadline approaching: All you need to know about e-payment option, belated tax filing

You can file your returns for the financial year 2015-16 and 2016-17 by 31 March.

March 28, 2018

1 lakh Income Tax notices sent to Bitcoin investors

The Indian Income Tax Department has issued about one lakh notices to people who have invested in cryptocurrencies like Bitcoin without declaring these in their income tax returns, a top official said on Tuesday. The revelation by Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra at an Assocham event here comes at a time …

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February 6, 2018

Kerala HC allows ITR filing without PAN-Aadhaar linking

The Kerala High Court on Friday passed an interim order to allow filing of Income Tax Returns (ITR) for 2016-17 fiscal in a specific case without linking Permanent Account Number (PAN) and the Aadhaar card. "The High Court has admitted the matter and passed an interim order, directing the Income Tax Officer concerned to allow …

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August 4, 2017

Beware, if you failed to file your ITR before July 31, 2017

The Union Government has introduced a lot of changes this year, including the implementation of the Goods and Services Tax (GST) and the annual budget. Now, it's time for the tax payers to file their Income Tax Return (ITR) before the deadline! The income tax department has given the date of July 31, as the deadline to …

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July 13, 2017