Income tax

It’s to encourage participation of citizens as stakeholders in fighting the menace, it says. The Central Board of Direct Taxes (CBDT) has launched an e-portal for filing complaints about tax evasion, ‘benami’ properties and undisclosed assets overseas.“Taking another step...

Punjab (23%), Maharashtra (17%) and Assam (14%) account for more than half of such beneficiaries, followed by Gujarat and U.P. with 8% each. PM-KISAN payments worth ₹1,364 crore have been wrongly made to more than 20 lakh ineligible beneficiaries and...

Finance Minister Nirmala Sitharaman will present the Union Budget for 2021-22 on February 1 Just like every year, financial experts and the common man will eagerly await announcements on the taxation front. The government has made some drastic changes in income...

<!-- -->Mr Pandey said the government has centralized the data from different agenciesGoods and Services Tax (GST) collection for the month of December shows that the economy is on fast track recovery and the country is witnessing positive growth,...

The California tech giant acknowledged the winding down of Facebook Ireland Holdings Unlimited Company amid a dispute with US tax authorities, which claimed the company owed billions in taxes by improperly shifting profits offshore. (Subscribe to our Today's Cache newsletter...

The Central Board of Direct Taxes (CBDT) has extended the deadline to file the income tax return (ITR) for the financial year 2019-20 to December 31, beyond the usual date of July 31, owing to the ongoing coronavirus pandemic....

<!-- -->Last date to file your income tax return for financial year 2019-20 is December 31The last date to file your Income Tax Return (ITR) for financial year 2019-20 (assessment year 2020-21) is December 31. The Income Tax Department...

The central government, in a reply to an application under the Right To Information (RTI) act on 24 December, said that PM-CARES fund is “owned by, controlled by and established by the Government of India”.In its response the office...

Entities filing declarations under the direct tax dispute resolution scheme ‘Vivad Se Vishwas’ can revise them till the time tax authorities issue certificate mentioning details of tax arrears and the amount payable, the Income Tax Department has said.Issuing a...

This includes personal income tax (PIT) refunds amounting to ₹ 38,105 crore and corporate tax refunds of over ₹ 1.02 lakh crore during this period. The Income Tax Department has issued refunds worth over ₹ 1.40 lakh crore...