Income Tax Department

Timelines
Deadline for linking Aadhaar and PAN extended till June 30

31 Mar 2021

Deadline for linking Aadhaar and PAN extended till June 30

The deadline to link PAN (Permanent Account Number) and Aadhaar has been extended till June 30, 2021.

TN: IT department seizes over Rs. 16 crore dubious cash

19 Mar 2021

TN: IT department seizes over Rs. 16 crore dubious cash

The Income Tax Department has seized "unaccounted" cash of over Rs. 16 crore and detected black income of about Rs. 80 crore after it raided multiple entities in poll-bound Tamil Nadu, the Central Board of Direct Taxes (CBDT) said on Friday.

Anurag Kashyap posts message for "haters" after Income Tax raids

06 Mar 2021

Anurag Kashyap posts message for "haters" after Income Tax raids

After Taapsee Pannu, filmmaker Anurag Kashyap has also broken his silence following the Income Tax Department's raids at their properties earlier this week.

'Not so sasti anymore': Taapsee Pannu on Income Tax raids

06 Mar 2021

'Not so sasti anymore': Taapsee Pannu on Income Tax raids

Film actor Taapsee Pannu, who recently faced Income Tax raids, has opened up about the three days of search that took place at her properties this week.

I-T Department claims to have proof against Kashyap, Pannu

05 Mar 2021

I-T Department claims to have proof against Kashyap, Pannu

The Income Tax Department has unearthed irregularities amounting to Rs. 650 crore after it conducted raids at two film production companies, two talent management companies, and properties of a leading actress.

Income Tax raids at homes of Vikramaditya Motwane, Vijay Subramaniam

04 Mar 2021

Income Tax raids at homes of Vikramaditya Motwane, Vijay Subramaniam

Income Tax officials on Thursday conducted searches at the residences of Vikramaditya Motwane and Vijay Subramaniam of the Kwan Talent Management Agency.

Rs. 1,400 crore unaccounted transactions of three Jaipur firms unearthed

22 Jan 2021

Rs. 1,400 crore unaccounted transactions of three Jaipur firms unearthed

Unaccounted and unrecorded transactions involving a total amount of over Rs. 1,400 crore have been unearthed in a search operation conducted against three Jaipur-based firms, an Income Tax Department's spokesperson informed.

Tax officials record Robert Vadra's statement in benami properties case

04 Jan 2021

Tax officials record Robert Vadra's statement in benami properties case

Officials of the Income Tax department on Monday recorded businessman Robert Vadra's statement at his Delhi office in connection with the benami properties case.

ITR-filing deadline extended to January 10 for individuals: Details here

30 Dec 2020

ITR-filing deadline extended to January 10 for individuals: Details here

The Centre on Wednesday once again extended the deadline for individuals to file Income Tax Returns (ITRs) for FY2019-20, providing huge relief to taxpayers.

I-T Department detects black income of Rs. 100 crore

27 Dec 2020

I-T Department detects black income of Rs. 100 crore

An unaccounted income of Rs. 100 crore has been detected after the Income Tax Department raided three "leading" contractors of Northeast India based in Assam earlier this week, the Central Board of Direct Taxes (CBDT) said on Saturday.

Alleging witch-hunt by GoI, Amnesty halts India operations

29 Sep 2020

Alleging witch-hunt by GoI, Amnesty halts India operations

Amnesty International has decided to stop its India operations, as it has been subjected to a witch-hunt by the government of India, the NGO working for human rights said in a press statement on Tuesday.

#CareerBytes: How to become an Income Tax Inspector in India?

08 Jun 2020

#CareerBytes: How to become an Income Tax Inspector in India?

Government jobs are a dream for many and are the most preferred career option for a lot of youngsters in the country.

#FinancialBytes: Financial deadlines to watch out for in March 2020

15 Mar 2020

#FinancialBytes: Financial deadlines to watch out for in March 2020

One must stay on top of crucial financial deadlines in order to have an organized financial life and avoid penalties.

#CareerBytes: How to become an Income Tax Inspector in India?

23 Dec 2019

#CareerBytes: How to become an Income Tax Inspector in India?

Government jobs are a dream for many and are the most preferred career option for a lot of youngsters in the country.

#FinancialBytes: What is advance tax and who should file it?

08 Dec 2019

#FinancialBytes: What is advance tax and who should file it?

Income tax accounts for a significant part of the government's revenue, and it is the responsibility of taxpayers to pay the required tax on the income they earned during a year on time.

You'll be fined Rs. 10,000, if you give wrong PAN

10 Nov 2019

You'll be fined Rs. 10,000, if you give wrong PAN

You need to be extra careful while filling your Permanent Account Number (PAN), as even a minor error in spelling out the ten-digit alphanumeric identity could cost you as much as Rs. 10,000.

Don't have PAN? You can use these two documents, instead

30 Oct 2019

Don't have PAN? You can use these two documents, instead

Permanent Account Number (PAN) is a unique, ten-digit alphanumeric identity issued by the Income Tax Department to all taxpayers in India.

Benefits and procedure of linking PAN and Aadhaar

28 Oct 2019

Benefits and procedure of linking PAN and Aadhaar

December 31, 2019 is the last date to link your PAN with Aadhaar. Earlier, this deadline was September 30.

Here's how NRIs can apply for PAN in India

24 Oct 2019

Here's how NRIs can apply for PAN in India

Permanent Account Number (PAN) is a unique, ten-digit alphanumeric identity issued by the Income Tax Department to all tax-paying individuals and organizations in India.

Here's how to link PAN and Aadhaar via different modes

09 Oct 2019

Here's how to link PAN and Aadhaar via different modes

December 31, 2019 is the last date to link your PAN with Aadhaar. Earlier, this deadline was September 30.

Deadline to link PAN with Aadhaar extended to December 31

28 Sep 2019

Deadline to link PAN with Aadhaar extended to December 31

The deadline to link Permanent Account Number (PAN) with Aadhaar has been extended by three months to December 31, 2019 according to an official notification released by the Ministry of Finance today. Earlier, this deadline was September 30.

Mukesh, Nita and Ambani kids get Income Tax notices: Report

14 Sep 2019

Mukesh, Nita and Ambani kids get Income Tax notices: Report

Reliance Industries head honcho Mukesh Ambani, his wife Nita, and their three children- Akash, Anant, and Isha, have received notices from the Mumbai leg of Income Tax Department, Indian Express reported on Saturday.

Don't have a PAN yet? Reasons why you'd need one

11 Sep 2019

Don't have a PAN yet? Reasons why you'd need one

Permanent Account Number (PAN) is a unique, ten-digit alphanumeric identity issued by the Income Tax Department to all taxpayers in India.

Automatic PAN generation for taxpayers using Aadhaar to file ITR

04 Sep 2019

Automatic PAN generation for taxpayers using Aadhaar to file ITR

The Income Tax department will now issue a Permanent Account Number (PAN) to taxpayers using their Aadhaar number to file Income Tax returns, as a new method to link the two databases.

Received notice from Income-tax department? These could be the reasons

30 Aug 2019

Received notice from Income-tax department? These could be the reasons

Whether favorable or not, you should never ignore a notice from the Income Tax department.

Lost/misplaced PAN card? Here's how you can get a duplicate

25 Aug 2019

Lost/misplaced PAN card? Here's how you can get a duplicate

Permanent Account Number (PAN) is a unique, 10-digit alphanumeric identity allotted to all taxpayers in India, that is essential for undergoing various financial transactions such as receiving taxable salaries/professional fees, sale or purchase of assets, trading of mutual funds, etc.

PAN card with QR code: All you need to know

23 Aug 2019

PAN card with QR code: All you need to know

According to Income Tax (I-T) Act rules, it is illegal to hold more than one PAN card.

PAN card verification: How to verify your PAN online

22 Aug 2019

PAN card verification: How to verify your PAN online

Permanent Account Number (PAN) is a unique, 10-digit alphanumeric identity allotted to all taxpayers in India by the Income Tax department.

Protect your Aadhaar data: Here's how to lock/unlock Aadhaar number

02 Aug 2019

Protect your Aadhaar data: Here's how to lock/unlock Aadhaar number

In a bid to strengthen the privacy and security of Aadhaar, the Unique Identification Authority of India (UIDAI) has introduced a feature that enables users to lock/unlock their Aadhaar number.

Income Tax: How salaried individuals can file their I-T return

28 Jul 2019

Income Tax: How salaried individuals can file their I-T return

August 31, 2019 is the last date to file Income Tax return for FY 2018-19.

#FinancialBytes: How to check your Income Tax refund status online

23 Jul 2019

#FinancialBytes: How to check your Income Tax refund status online

Once you are done with the filing and verification of your I-T returns, you can easily keep track of the refund status.

#FinancialBytes: Now, use Aadhaar instead of PAN for these transactions

17 Jul 2019

#FinancialBytes: Now, use Aadhaar instead of PAN for these transactions

Earlier this month, Union Finance Minister Nirmala Sitharaman presented her and the new Central government's first budget.

#FinancialBytes: List of documents needed to file Income Tax returns

16 Jul 2019

#FinancialBytes: List of documents needed to file Income Tax returns

July 31, 2019 is the last date to file Income tax returns for FY 2018-19.

Financial Bytes: Five reasons why filing income tax is beneficial

01 Jul 2019

Financial Bytes: Five reasons why filing income tax is beneficial

Filing income tax returns (ITRs) on time every year is very important and individuals having an annual income of Rs. 2.5 lakh or more have to file ITRs mandatorily.

#FinancialBytes: Five ways to verify your Income tax returns

01 Jul 2019

#FinancialBytes: Five ways to verify your Income tax returns

You might think that filing your Income Tax return on time is all you have to do.

#FinancialBytes: Filing income-tax returns? Here are some mistakes to avoid

20 Jun 2019

#FinancialBytes: Filing income-tax returns? Here are some mistakes to avoid

Filing income tax returns (ITRs) on time every year is very important. However, the process of filing ITRs can be quite daunting for many individuals.

#FinancialBytes: Latest ITR-1 changes taxpayers need to be aware of

30 May 2019

#FinancialBytes: Latest ITR-1 changes taxpayers need to be aware of

Income tax accounts for a major part of the government's revenue and salaried individuals form a significant chunk of the overall taxpayers.

#FinancialBytes: How to file income tax returns (ITRs) online?

15 May 2019

#FinancialBytes: How to file income tax returns (ITRs) online?

Income tax accounts for a major part of the government's revenue and salaried individuals form a significant chunk of the overall taxpayers in the country.

Applying for PAN card offline? Avoid these mistakes

01 May 2019

Applying for PAN card offline? Avoid these mistakes

Permanent Account Number (PAN) is a unique, 10-digit alphanumeric identity allotted to all taxpayers in India by the Income Tax department.

#FinancialBytes: 5 lesser-known facts about PAN card everyone should know

28 Apr 2019

#FinancialBytes: 5 lesser-known facts about PAN card everyone should know

The Permanent Account Number (PAN) card has become one of the most essential documents to have.