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FinMin asks taxpayers to e-file I-T returns early

The Finance Ministry today asked taxpayers to file their I-T returns for 2015-16 early to avoid the rush towards the ...


CBEC to popularise Settlement Commission for resolving tax disputes

28 Jun 2015

The Central Board of Excise and Customs (CBEC) has asked its officials to encourage assessees facing notices to get tax disputes ...


We're working to make taxpayers' lives easy: CBDT

25 Jun 2015

The effort of the department is to create an environment whereby the hassle of paying taxes is eliminated totally: CBDT ...


Govt notifies new, simplified incom tax returns forms

23 Jun 2015

Taxpayers and other entities can now file their income tax returns till August 31


I-T dept plans stringent action against habitual evaders

21 Jun 2015

Seeking to send a stern message to chronic evaders, the Income Tax department plans to take stringent action against them to ...


Under new law, Rs 2 lakh penalty for not answering tax authorities' queries

01 Jun 2015

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 provides for a minimum penalty of Rs 50,000


Interest on gold deposits may be exempt from tax

20 May 2015

Gold monetisation scheme favours allowing banks to use deposits as reserves


Govt to modify new income tax return forms

12 May 2015

Government today said it has decided to "modify" the new Income Tax Return (ITR) forms in wake of concerns raised over them. ...


I-T dept to redress taxpayers' grievances on priority

11 May 2015

Tax officers asked to devote extra efforts towards resolving them and share trends on online platform Sevottam


Simplified I-T return forms likely by month end

11 May 2015

New form also likely to relax requirement of reporting details of every foreign travel undertaken


I-T dept collects Rs 6.96 lakh cr revenue during 2014-15

03 May 2015

Government collected over Rs 6,96,200 crore revenue under the direct taxes kitty in the just concluded financial year 2014-15, ...


Check your new I-T assessment range before filing returns

22 Apr 2015

With income tax returns filing season commencing soon, taxpayers have been advised to re-check their new assessment ranges as the ...


Centre to withdraw contentious clauses from new I-T returns forms

21 Apr 2015

Govt might amend the details required for disclosure of foreign travel, passport copy and expenses incurred


Now, you don't need to post paper acknowledgement of I-T returns

18 Apr 2015

CBDT has launched a new Aadhaar-based electronic verification code to authenticate this document


Now, mobile app for IT returns from MyITreturn

03 Apr 2015

India's leading e-filing platform today launched the MyITreturn mobile app


I-T to closely scrutinise foreign assets held by Indians

22 Mar 2015

The Income Tax department will carry out closer scrutiny of those tax statements wherein an assessee has disclosed that he or she ...


Your personal income tax rate won't go down soon

03 Mar 2015

Revenue Secretary Shaktikanta Das says: 'The peak rate of 30% is very reasonable rate even in international standard'


Super rich senior citizens to take biggest hit

01 Mar 2015

Individuals with an annual income of above Rs 10 lakh but below Rs one crore have emerged as the biggest beneficiaries of the new ...


Surcharge of 2% on super-rich replaces wealth tax

01 Mar 2015

The government has abolished wealth tax and instead the finance minister has brought in a surcharge of 2% on the super-rich with ...

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