IT dept detects Rs 224-crore undisclosed income after raids on Infra.Market
The searches were launched on March 9 at the firm's 23 premises in Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh and Madhya Pradesh.
Mar 20, 2022, 22:34 PM ISTI-T dept has made highest tax collection in its history: CBDT Chairman
The net income tax collection numbers as on today is Rs 13.63 lakh crore which is against Rs 11.18 lakh crore of 2018-19.
Mar 17, 2022, 21:17 PM ISTITR Update: Income Tax refunds worth about Rs 1.83 lakh crore issued to 2.07 crore taxpayers
The income tax department said it has issued refunds of close to Rs 1.83 lakh crore to more than 2.07 crore taxpayers so far this fiscal.
Feb 24, 2022, 18:10 PM ISTTaxpayers alert! IT Dept asks taxpayers to complete THIS important work
More than 29.8 lakh Tax Audit Reports were filed on ITD’s e-filing portal as of 15th February 2022.
Feb 18, 2022, 16:28 PM ISTHaven’t received income tax return? here’s how to check status, lodge a complaint
The department said the CBDT issued refunds of over Rs 1,67,048 crore to more than 1.87 crore taxpayers.
Feb 12, 2022, 11:36 AM ISTDirect tax collections expected to breach Rs 12.50 lakh crore target: CBDT chairman
Multiple reasons like "easing" of tax compliance processes for tax payers and enhanced ability of the taxman in data processing were cited by him for mopping up these high-volume of collections under two major heads -- corporate tax and personal income tax.
Feb 03, 2022, 16:23 PM ISTNearly 5.89 crore ITRs for FY21 filed till December 31 deadline: CBDT
Nearly 5.89 crore income tax returns for the 2020-21 fiscal have been filed on the new e-filing portal till December 31 deadline.
Jan 01, 2022, 15:00 PM ISTCBDT issues refunds worth over Rs 1,32,381 crore to 1.19 crore taxpayers
CBDT has issued refunds of more than Rs 1,32,381 crore to more than 1.19 crore taxpayers from 1st April 2021 to 6th December 2021.
Dec 09, 2021, 13:38 PM ISTIncome Tax Dept raids Gujarat-based real estate group, unearths Rs 100 crore unaccounted income
The Income Tax Department raided over 20 premises of a Gujarat-based group engaged in the manufacturing of chemicals and the development of the real estate.
Nov 21, 2021, 16:08 PM ISTOnline filing of ITR glitches resolved, says CBDT chairman JB Mohapatra
CBDT said that all glitches and hiccups with regard to the online filing of I-T returns have been resolved.
Nov 14, 2021, 23:23 PM ISTCBDT issues refunds worth Rs 1,12,489 crore to 91.30 lakh taxpayers
CBDT has issued refunds worth more than Rs 1,12,489 crore to more than 91.30 lakh taxpayers.
Nov 03, 2021, 16:05 PM ISTTax Department issues refunds worth Rs 1,02,952 cr to 77.92 lakh taxpayers
CBDT has issued refunds of over Rs 1,02,952 crore to more than 77.92 lakh taxpayers.
Oct 27, 2021, 18:22 PM ISTIncome tax refunds worth Rs 92,961 crore issued during ongoing fiscal: CBDT
Refunds amounting to more than Rs 92,961 crore have been issued to taxpayers during the current financial year.
Oct 21, 2021, 19:14 PM ISTMulti Agency Group to monitor investigations in Pandora Papers case: CBDT
The ‘Pandora Papers’, a leak of troves of financial records in offshore tax havens, has been obtained by the International Consortium of Investigative Journalists (ICIJ).
Oct 04, 2021, 20:01 PM ISTPAN-Aadhaar linkage deadline extended, here's how to do it
The due date for completion of penalty proceedings under the I-T Act has been extended from September 30, 2021 to March 31, 2022.
Sep 17, 2021, 23:14 PM ISTAir India sale: Centre exempts TDS on transfer of assets to SPV
The government in 2019 had set up a special purpose vehicle 'Air India Assets Holding Ltd (AIAHL)' for transfer of debt and non-core assets of the Air India group.
Sep 12, 2021, 16:47 PM ISTCBDT allows taxpayers to file applications by September 30 for settlement of pending cases
To dispose of the pending settlement applications as of January 31, 2021, the government had constituted the Interim Board for Settlement. The taxpayers, in the pending cases, have the option to withdraw their applications within the specified time and intimate the assessing officer about such withdrawal.
Sep 08, 2021, 10:29 AM ISTEFPO big update! Subscribers could be allowed to maintain 2 PF accounts: Tax Department
CBDT’s guideline has been issued after Budget 2021-22 made space for a new provision making interest on annual PF contributions of more than Rs 2.5 lakh taxable.
Sep 02, 2021, 15:42 PM ISTCBDT refunds over Rs 45,000 crore to 21 lakh Indian taxpayers in ongoing fiscal
The Income Tax India posted, "CBDT issues refunds of over Rs. 45,896 crore to more than 21.32 lakh taxpayers between 1st April 2021 to 2nd August 2021. Income tax refunds of Rs. 13,694 crore have been issued in 20,12,802 cases & corporate tax refunds of Rs. 32,203 crore have been issued in 1,19,173 cases."
Aug 07, 2021, 18:28 PM ISTGood news for taxpayers! Deadline for e-filing forms 15CA and 15CB extended again
As per the CBDT, a facility will be provided on the new e-filing portal to upload these forms at a later date for the purpose of generation of the Document Identification Number.
Jul 21, 2021, 17:34 PM IST