Income Tax Return: News
09 Feb 2024
Income Tax Department of IndiaIT Department alleges insurance companies evaded taxes worth Rs. 25,000cr
The Income Tax Department is about to issue tax demand notices totaling Rs. 25,000 crore by the end of March, to various insurance companies.
02 Feb 2024
Income Tax Department of IndiaIncome Tax e-filing website unavailable from February 3-5: Here's why
The Income Tax department has announced that its e-filing portal will be temporarily unavailable from 2pm on February 3 to 6am on February 5, due to scheduled maintenance activities.
22 Jan 2024
Ram MandirSave on income tax by donating to Ram Mandir
Taxpayers can benefit from income tax savings by donating to the Ram Mandir in Ayodhya, as the Central Government has designated "Shri Ram Janmabhoomi Teerth Kshetra" (PAN: AAZTS6197B) as a site of historical significance and public worship.
01 Jan 2024
Central Board of Direct Taxes (CBDT)ITRs filed in 2023-24 increase by 9% to record 8.18cr
India experienced a significant 9% increase in income tax returns filed, with a record 8.18 crore submissions by December 31, 2023, compared to 7.51 crore during the same period in 2022.
31 Dec 2023
Income Tax Department of IndiaLast day to file ITR for FY2022-23 ends today
The clock is ticking for taxpayers, as the deadline to file Income Tax Returns (ITR) for the financial year 2022-23 is set for today (December 31).
01 Nov 2023
Income Tax Department of India7.85cr ITRs filed till October 31, highest ever in India
The filing of Income Tax Returns (ITR) has reached a record-breaking milestone in 2023, with 7.85 crore filings documented by October 31 in FY23-24.
10 Oct 2023
Central Board of Direct Taxes (CBDT)35 lakh income tax refunds delayed in India: Here's why
Income tax refunds for around 35 lakh taxpayers are currently "held up" due to mismatch and validation issues with their bank accounts, as per Central Board of Direct Taxes (CBDT) Chairperson Nitin Gupta.
31 Jul 2023
Income Tax Department of IndiaWhat happens if you miss Income Tax Return deadline
The deadline to file your Income Tax Returns (ITR) for 2023 is today, July 31.
25 Jul 2023
YouTubeHow earnings from YouTube videos are taxed
YouTube has become the go-to platform for sharing creativity and knowledge with people all over the globe.
30 Mar 2023
Income Tax Department of IndiaITR filing: Top 10 mistakes you need to avoid
Many individual taxpayers prefer to file their Income Tax Returns (ITR) themselves, but not everyone is an expert in the complex Income Tax Law.
28 Mar 2023
Budget Session10 income tax rule changes from April 1: Know here
The new financial year 2023-24, which starts on Saturday (April 1), will see the Ministry of Finance bring about many changes to the income tax rules.
24 Feb 2023
BBCReport fearlessly: BBC director-general to India staff after tax 'survey'
Days after the tax "survey" at the BBC offices in Delhi and Mumbai, the global media giant's director-general, Tim Davie, wrote an email to its staff in India, asking them to report without fear or favor.
22 Feb 2023
Adani GroupSuffered loss in Adani stocks? Get relief during ITR filing
Gautam Adani-owned Adani Group went into a meltdown after Hindenburg Research's damning report in January.
01 Feb 2023
Union BudgetUnion Budget 2023: How's new tax regime different from old
In a relief to middle-class citizens in the Union Budget 2023-24, the income tax exemption limit under the new tax regime has been increased from Rs. 2.5 lakh to Rs. 3 lakh, while the tax rebate limit was raised from Rs. 5 lakh to Rs. 7 lakh.
01 Feb 2023
Union BudgetUnion Budget 2023-24: No income tax up to Rs. 7L
Announcing the new Union Budget for 2023-24 today, Finance Minister Nirmala Sitharaman declared renewed income tax rates.
17 Jan 2023
Union BudgetCentre mulling over reducing income tax rates under new regime
The central government is mulling over lowering income tax rates in order to make the new direct tax regime more attractive, as per a report by Reuters.
02 Aug 2022
Government of IndiaITR verification time limit reduced from 120 to 30 days
The time limit for the e-verification or hard copy filing of the ITR-V (Income Tax Return-Verification), which is done after filing taxpayer returns, has been reduced from 120 days to 30 days, with effect from Monday (August 1), by the Income Tax Department.
29 Jul 2022
XIncome tax deadline: 'Extend due date immediately' trends on Twitter
Taxpayers have voiced a number of concerns over the income tax portal as the Income Tax Return (ITR) filing deadline approaches and have demanded an extension of the deadline.
25 Jul 2022
BusinessFiling income tax returns? Keep these lesser-known deductions in mind
The last date for filing income tax returns for the financial year 2021-22 or assessment year 2022-23 is July 31.
24 Jul 2022
Aadhaar CardIncome tax rules: 3 big changes to keep in mind
Three significant changes in India's income tax rules came into effect on July 1, 2022.
16 Nov 2021
Reserve Bank Of India (RBI)Pandora Papers probe begins; I-T notices sent to Indians, NRIs
The Centre's investigation into the Pandora Papers revelations is gathering pace with the Income Tax Department sending notices to most Indians named in the exposé.
09 Sep 2021
InfosysCBDT extends deadline for Income Tax Returns till December 31
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITRs) for the assessment year 2021-22 till December 31.
06 Jul 2021
Shashi TharoorGovernment has created mess: Shashi Tharoor on new I-T portal
Attacking the central government over the glitches in the new Income Tax portal, senior Congress leader Shashi Tharoor alleged that even after spending Rs. 4,200 crore on the new I-T portal, the government had "failed" to make it user-friendly and created a "mess" instead.
04 Jul 2021
LifestyleLast-minute tax savings: Few common mistakes you must avoid
Those of us who wait until the last minute to plan taxes are bound to make some major mistakes.
03 Jul 2021
Tax Deducted at Source (TDS)TDS rules change from this month. Check details here
In the Union Budget 2021, the Finance Ministry has introduced a fresh rule to deduct Tax Deducted at Source (TDS) at a higher rate for those who failed to file their income tax returns for the past couple of years.
16 Jun 2021
IndiaHow to apply for PAN instantly on new Income-Tax portal
Permanent Account Number (PAN) is an important alphanumeric identity issued by the Income Tax Department to all the taxpayers in India.
08 Jun 2021
Income Tax Department of IndiaEverything you should know about I-T Department's new e-filing portal
The Indian government's Income Tax (I-T) department has started using its new taxpayer-friendly portal. The new website (www.incometax.gov.in) replaces the old one (www.incometaxindiaefiling.gov.in).
01 Feb 2021
Nirmala Sitharaman#Budget2021: Senior citizens with only pension/interest income exempted from ITR
In her third Union Budget, Finance Minister Nirmala Sitharaman announced that senior citizens above 75, who rely only on pension and interests for income, will be exempted from filing Income Tax Returns.
24 Oct 2020
IndiaFY2019-20 ITR deadline revised: Late filing fees, penalties, and more
The last date for filing income tax returns (ITRs) for assessment year (AY) 2020-21, which is the financial year (FY) 2019-20, has been extended by the government to December 31 for individual taxpayers.
24 Mar 2020
IndiaCoronavirus crisis: I-TR filing deadline extended to June 30
In the wake of coronavirus pandemic wreaking havoc on the Indian economy, Union Finance Minister Nirmala Sitharaman announced that an economic package will be rolled out soon.
03 Aug 2019
Aadhaar CardHow to quote your Aadhaar number in Income Tax return
August 31, 2019 is the last date to file your Income Tax return for FY 2018-19.
28 Jul 2019
IndiaIncome 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.
23 Jul 2019
Aadhaar CardLast date to file Income-Tax return extended to August 31
In what would come as a relief for taxpayers, the Income Tax department has extended the last date to file I-T returns for FY 2018-19 by one month to August 31.
16 Jul 2019
India#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.
08 Jul 2019
Aadhaar CardDon't have PAN? Now, use Aadhaar to file Income-Tax returns
Union Finance Minister Nirmala Sitharaman on Friday, presented her and the new Central government's first budget.
01 Jul 2019
Bengaluru#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.
20 Jun 2019
Income Tax Department of India#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.
30 May 2019
Tax Deducted at Source (TDS)#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.
15 May 2019
India#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.
19 Aug 2018
Income Tax Department of India#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.
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.
25 Jul 2018
Income Tax Department of India#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.
10 Jul 2018
India#FinancialBytes: 10 Documents you need while filing your I-T Return
The deadline for filing of Income Tax Return for the FY 2017-18, i.e. July 31, 2018, is approaching fast.
20 Jun 2018
Business#FinancialBytes: Missed filing I-T return? Here's what you can do
The due date for filing the Income Tax Return for the financial year 2016-17 was July 31, 2017.
16 Jun 2018
Aadhaar Card#FinancialBytes: 10 Documents you need while filing your I-T Return
The deadline for filing of Income Tax Return for the FY 2017-18, i.e. July 31, 2018, is approaching fast.
05 Jun 2018
Income Tax Department of India#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.
26 May 2018
Central Board of Direct Taxes (CBDT)Income Tax Department launched all 7 ITR forms for e-filing
The Income Tax Department today launched and activated all the seven Income Tax Return (ITR) forms for e-filing by taxpayers, after over a month of them being notified.
14 May 2018
Income Tax Department of India#FinancialBytes: How to file income tax online using ITR Form-1
The online portal for filing income tax returns (ITR) for the financial year 2017-18 (assessment year 2018-19) has been opened by the Income Tax Department for those who are eligible for the ITR Form-1 (Sahaj) i.e. people who have incomes of up to Rs. 50 lakh.
