ITR filing: Here's how to save income tax with this scheme
The SBI Tax Savings Scheme, 2006 is one such scheme offered by the country's largest public lender, State Bank of India.
Mar 04, 2022, 18:00 PM IST
Income Tax Department issues over Rs 1.67 lakh crore refunds till Feb 7
Personal income tax refunds of Rs 59,949 crore to 1.85 crore assessees have been made, the department said.
Feb 09, 2022, 20:05 PM IST
CBDT issues income tax refunds worth Rs 70,120 crore so far in FY22
The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 70,120 crore to more than 26 lakh taxpayers so far in the current financial year.
Sep 13, 2021, 16:08 PM IST
COVID-19 Impact: Govt extends timelines for tax compliance. Last date for filing ITR is now May 31
Income-tax return in response to notice under Section 148 of the Act, for which the last date of filing of return of income under the said notice is April 1, 2021, or thereafter, may be filed within the time allowed under that notice or May 31, 2021, whichever is later.
May 01, 2021, 15:25 PM IST
Judge orders Trump to turn over tax returns to NY prosecutors, blasts 'repugnant' immunity claim
A federal judge on Monday said U.S. President Donald Trump must hand over eight years of tax returns to Manhattan prosecutors, forcefully rejecting the president`s argument that he was immune from criminal investigations.
Oct 07, 2019, 23:11 PM IST
Number of 'crorepatis' in assessment year 2015-16 grew 23.5%
In the assessment year (AY) 2014-15, the 'crorepati' individuals or those with gross income of over Rs 1 crore (Rs 10 million) were 48,417 with a cumulative income of Rs 2.05 lakh crore.
Dec 20, 2017, 16:20 PM IST
Worried about PAN Migration while shifting to new residence? Here is all you need to know
The 10-digit alphanumeric PAN number allotted to a person is used to link all of his/her financial transactions particularly tax payments, income tax return, wealth tax return.
Aug 19, 2017, 16:07 PM IST
India will benefit from growing tax revenue in FY2018: DBS
India's tax revenues will benefit from a widening tax base and robust advance collections, but non-tax revenues will face speed-bumps in fiscal 2018, the Development Bank of Singapore said on Friday.
Aug 18, 2017, 15:14 PM IST
Businesses can start filing July returns on GSTN from August 5
To make compliance easy for businesses, the GST Council has allowed businesses to initially file their returns on self-assessment basis in the first two months of the GST rollout.
Aug 03, 2017, 15:19 PM IST
ITR 2017: Know why you should file income tax returns within due date
Here are four reasons why you should file income tax returns within due date.
Aug 02, 2017, 09:45 AM IST
15 arrested in protests demanding Donald Trump's tax returns
At least 15 people were arrested after thousands of protesters took to the streets across the US to call on President Donald Trump to release his tax returns.
Apr 16, 2017, 09:26 AM IST
Read how income tax rules will change from today
Here we are listing some of the key changes in rules that will be effective from the new financial year 2017-18.
Apr 01, 2017, 10:32 AM IST
US President Donald Trump slams Pulitzer-winning journalist over tax returns
US President Donald Trump has responded to the leak of his 2005 tax returns, questioning how the journalist behind the story came to obtain the documents.
Mar 16, 2017, 00:29 AM IST
Trump tax bill revealed in fresh leak
The White House said Tuesday that Donald Trump earned $150 million in 2005 and paid over $38 million in taxes, revealing previously undisclosed details as his tax return for that year was leaked.
Mar 15, 2017, 08:58 AM IST
Tax officers to file self-appraisal report on e-assessment
Tightening reporting norms, the tax officers have been asked to submit self appraisal reports to the Revenue Department and explain reasons for the "poor performance" in doing e-scrutiny of tax returns.
Feb 12, 2017, 12:10 PM IST
24 lakh people have income above Rs 10 lakh but 25 lakh cars bought every year
India has just 24.4 lakh tax payers who declared an annual income of over Rs 10 lakh yet 25 lakh new cars, including 35,000 luxury cars, are being bought every year for last five years, a top official said.
Dec 27, 2016, 16:48 PM IST
Trump has 'something to hide' in tax returns: Clinton
Democratic White House hopeful Hillary Clinton today intensified her call for rival Donald Trump to release his tax returns, accusing the billionaire of hiding something that might turn off voters.
Sep 07, 2016, 02:01 AM IST
Income Tax department developing mobile app for filing returns
Income Tax department is developing a mobile app which can be used by users for filing their tax returns, a top finance ministry official said Saturday.
Nov 14, 2015, 20:43 PM IST
GST regime to have 8 forms for filing tax returns
The Joint Committee on Business Process for GST in relation to GST Return has suggested filing of a periodic e-return for Central GST, State GST and Integrated GST.
Oct 22, 2015, 15:09 PM IST
I-T dept collects over Rs 3,500 crore from non-filers
The Income Tax department has issued over 20 lakh "intimations" and collected Rs 3,569 crore in the current financial year from those taxpayers who had either not filed their tax returns or did so incorrectly.
Mar 24, 2015, 16:27 PM IST
