Income Tax Department of India: News
19 Oct 2018
RTI ActSeveral records missing from Income Tax Department: CIC informed
The Central Information Commission (CIC) has been informed that several records have gone missing from the Income Tax Department because of a restructuring drive in 2001 and 2013.
10 Oct 2018
Narendra ModiKejriwal asks PM to apologize after I-T raids Gahlot's premises
Prime Minister Narendra Modi should apologize to people for "constantly troubling" the Delhi Government, Chief Minister Arvind Kejriwal said today following the Income Tax Department raids on premises linked to his Minister Kailash Gahlot.
10 Oct 2018
Arvind KejriwalDelhi minister Kailash Gahlot faces I-T raids, Kejriwal alleges vendetta
On Wednesday morning, the Income Tax Department started carrying out raids in 16 locations linked to Delhi Transport Minister Kailash Gahlot, including his Vasant Kunj residence.
07 Oct 2018
TelanganaTime for final publication of electoral rolls in Telangana extended
The Election Commission of India has extended the date for the final publication of electoral rolls in Telangana from October 8 to October 12.
07 Oct 2018
LudhianaIn an I-T raid, Ludhiana's pakode wala surrenders Rs. 60L
The famous pakode wala from Ludhiana, Panna Singh Pakode Wale, surrendered Rs. 60 lakh to the Income Tax Department, the TOI reported.
26 Sep 2018
Supreme Court Of IndiaAbout 50% of PANs linked with Aadhaar till now: Data
Over 21.08cr Permanent Account Numbers (PANs) have been linked with Aadhaar till now, the latest data revealed as the Supreme Court today upheld the validity of the linkage between the two databases.
17 Sep 2018
Aadhaar CardKnow how to apply for a PAN card online
Whether you're thinking of getting a debit/credit or buying a property or opening a savings bank account, there is one document that you will need for each of these activities. And that document is the Permanent Account Number (PAN) card.
15 Sep 2018
IndiaAll your questions about the government's 'DigiLocker' facility answered
Many people often worry about losing or misplacing important documents like Aadhaar card, driving license, PAN card, certificates, etc. while carrying them physically.
06 Sep 2018
IndiaSrijan scam: I-T department raids Sushil Modi's sister's house
On Thursday, the Income Tax Department started search operations at eight places in Bihar, including the house of Bihar deputy CM Sushil Modi's cousin, in connection with the Rs. 880cr Srijan scam.
01 Sep 2018
India#FinancialBytes: Know how to apply for a PAN card online
Whether you're thinking of getting a debit/credit or buying a property or opening a savings bank account, there is one document that you will need for each of these activities. And that document is the Permanent Account Number (PAN) card.
30 Aug 2018
Kerala#FinancialBytes: What happens if you miss tomorrow's ITR filing deadline
The new Income tax filing deadline, ie. August 31, is just a day away. Earlier, the due date was July 31, which was later extended by a period of one month.
30 Aug 2018
Tax Deducted at Source (TDS)Company Director sent to jail for Rs. 50L TDS default
A Delhi court has sentenced the Director of a real estate firm to six months' rigorous imprisonment for allegedly failing to deposit over Rs. 50L TDS (tax deducted at source) in time to Income Tax Department.
29 Aug 2018
Narendra Modi#PolicyExplainer: All your questions about the government's 'DigiLocker' facility answered
Many people often worry about losing or misplacing important documents like Aadhaar card, driving license, PAN card, certificates, etc. while carrying them physically.
24 Aug 2018
IndiaKnow all about Income Tax in India
Income tax refers to the percentage of your income that you're required to pay to the government under the Income Tax Act. Income tax is applicable to both individuals and companies and all types of income, be it from salary, capital gains, business/profession or any other source.
23 Aug 2018
IndiaAll you need to know about your Form 16
As a salaried person, you must have heard the term 'Form 16'.
22 Aug 2018
Bank of India (BOI)#FinancialBytes: Know which Income Tax Return form you should file
Since April 5, 2018, the Income Tax Department has been uploading the Income Tax Return (ITR) forms for the Assessment Year 2018-19 (Financial Year 2017-18). In total there are 7 such forms.
20 Aug 2018
Ministry of Finance#FinancialBytes: How to pay your taxes online and offline
In a given financial year, your income is taxable in three ways, namely- 1) Tax deducted at source, 2) Advance tax payments, and 3) Self-assessment taxes (before filing ITR).
19 Aug 2018
Income Tax Return#FinancialBytes: Here's how you can file the I-T return yourself
Every individual, whose total income during a financial year exceeds the maximum income not chargeable to tax, is required to file an income tax return (ITR) as per the Income Tax Act, 1961.
17 Aug 2018
IndiaIncome Tax collection at record Rs. 10.03 lakh crore: CBDT
Income Tax collection in the country stood at a record Rs. 10.03 lakh crore during 2017-18.
17 Aug 2018
Business#FinancialBytes: 4 things to know if you haven't filed ITR
The due date for filing ITRs for this year has been extended by a month, from the earlier deadline of July 31 to August 31.
15 Aug 2018
Narendra Modi#PolicyExplainer: All your questions about the government's 'DigiLocker' facility answered
Many people often worry about losing or misplacing important documents like Aadhaar card, driving license, PAN card, certificates, etc. while carrying them physically.
10 Aug 2018
Ministry of Finance#FinancialBytes: 4 things to know if you haven't filed ITR
The due date for filing ITRs for this year has been extended by a month, from the earlier deadline of July 31 to August 31.
07 Aug 2018
India#FinancialBytes: How to file ITRs if you are an NRI
As per I-T department norms, non-resident Indians (NRIs), too, are subject to taxes on income, if such income is earned in India, or received or deemed to be received in India.
03 Aug 2018
Aadhaar Card#FinancialBytes: 10 Documents you need while filing your I-T Return
Notably, the deadline for filing of Income Tax Return for the FY 2017-18 has been extended to August 1.
02 Aug 2018
India#FinancialBytes: What happens if you fail to file your ITR?
The Finance Ministry has extended the ITR filing deadline from July 31 to August 31, 2018.
02 Aug 2018
Central Government#FinancialBytes: How to save Income Tax under Section 80C
Every individual, who earns more than a certain amount, is required to pay taxes in accordance to the Income Tax Act. If you don't plan well, this may seem like a hefty payment.
01 Aug 2018
India#FinancialBytes: Reasons to file ITR even if income is non-taxable
Many people assume that since their estimated net income for the year doesn't exceed the tax exemption limit, they need not file an income tax return (ITR).
30 Jul 2018
Times of IndiaITR filings have doubled, refunds have increased significantly
While the Finance Ministry has extended the deadline for filing of annual income tax returns (ITRs) to August 31, it seems like the government's efforts to bring more eligible people under the tax net has worked.
27 Jul 2018
Tax Deducted at Source (TDS)#FinancialBytes: 9 things to keep in mind while filing ITRs
July has almost come to an end, and the deadline to file ITR ie. 31 July (for most of us) is closer than ever, with just 4 days to spare.
26 Jul 2018
Ministry of FinanceITR filing deadline extended for 'certain categories' of taxpayers
In a tweet, the Finance Ministry has announced that the deadline for the filing of Income Tax returns has been extended by a month to August 31, 2018, albeit only for certain categories of taxpayers.
26 Jul 2018
India#FinancialBytes: Know all about Income Tax in India
Income tax refers to the percentage of your income that you're required to pay to the government under the Income Tax Act. Income tax is applicable to both individuals and companies and all types of income, be it from salary, capital gains, business/profession or any other source.
25 Jul 2018
Karnataka#FinancialBytes: How to file your ITR using form ITR-3?
Just six days are left for you to file your ITR. So, if you haven't yet, do it as soon as possible, so as to avoid facing a penalty.
25 Jul 2018
Income Tax Return#FinancialBytes: Here's how you can file the I-T return yourself
Every individual, whose total income during a financial year exceeds the maximum income not chargeable to tax, is required to file an income tax return (ITR) as per the Income Tax Act, 1961.
24 Jul 2018
Business#FinancialBytes: Form 26AS and its role in filing ITRs
The deadline for filing ITR i.e. July 31, is just a week away. So, if you haven't yet filed your ITR, do it now to avoid getting penalized.
22 Jul 2018
BusinessAll you need to know about your Form 16
As a salaried person, you must have heard the term 'Form 16'.
22 Jul 2018
Tax Deducted at Source (TDS)#FinancialBytes: Know how to file your ITR without Form 16
The due-date for filing your Income Tax return for this assessment year is July 31.
20 Jul 2018
India#FinancialBytes: Know how to check your I-T refund status online
After you're done with the filing and verification of your ITR, you can easily keep track of the refund status online.
20 Jul 2018
Bank of India (BOI)#FinancialBytes: Know which Income Tax Return form you should file
Since April 5, 2018, the Income Tax Department has been uploading the Income Tax Return (ITR) forms for the Assessment Year 2018-19 (Financial Year 2017-18). In total there are 7 such forms.
19 Jul 2018
IndiaSIT on black money suggests Rs. 1cr cap on cash-holdings
The Special Investigation Team (SIT) on black money has recommended the central government to cap the cash holding limit at Rs. 1cr instead of its earlier suggestion of Rs. 20L.
18 Jul 2018
India#FinancialBytes: How to file I-T Return in case of job-change?
In order to file the income tax, if one has changed jobs, the final figures of payable tax has to be arrived at, considering all the employers, the current and the previous ones.