Page 16 - Income Tax Department

I-T dept finds unaccounted transactions of over Rs 1K cr during searches

Income Tax Department said it had carried out a search and seizure operation on July 20 on the premises of a prominent business conglomerate engaged in diversified fields

I-T dept finds unaccounted transactions of over Rs 1K cr during searches

Income Tax Department said it had carried out a search and seizure operation on July 20 on the premises of a prominent business conglomerate engaged in diversified fields

I-T dept likely to make PAN mandatory for cryptocurrency investors

I-T dept plans to seek statement of transactions from crypto exchanges

7.24 million income tax returns filed in one day, a record: CBDT

On July 31, 7.24 million ITRs had been filed, shattering all previous single-day records (the maximum being 4.9 million in 2019)

Verification of ITR timeline reduced to 30 days from 120: I-T Dept order

The I-T department has reduced the time limit for e-verification or hard copy submission of the ITR-V, post filing of returns by taxpayers, from the current 120 days to 30 days, beginning August 1.

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ITR Filing AY 2022-23: What if you missed the ITR?

Missed ITR 2022-23 deadline? Under section 234F of the IT Act, a late filing will be imposed on taxpayers after the due date, July 31, 2022. How many penalties should you pay?

Taxpayers fear notices due to AIS discrepancies; CBDT says unfounded

The deadline for filing income-tax returns (ITRs) for the assessment year 2022-23 ended on Sunday

Axis Mutual Fund probe: I-T dept raids ex-fund manager Viresh Joshi's house

Joshi was sacked in May by the Axis Asset Management Company over allegations of front running

Over 48.7 mn ITRs filed so far as deadline ends Sunday, says I-T dept

More than 48.7 mn income tax returns have been filed till late evening, the department said on Saturday, a day before the ITR filing deadline for the financial year 2021-22 ends

ITR 2021-22: Top 5 benefits of filing ITR before the July 31 deadline

ITR is generally filed to claim the tax deductions and exemptions from the long-term capital gains, however, the benefits of filing the ITR 2021-22 before July 31 are not limited to this

I-T dept finds Rs 150 cr black income after raids on 2 Tamil Nadu groups

The Income Tax Department has detected "unaccounted" income of Rs 150 crore after it recently raided two Tamil Nadu-based business groups engaged in real estate

ITR 2021-22: Chorus for deadline extension grows on social media

As the deadline for filing ITR approaches, the demand for extending it has also grown

ITR 2021-22: Key points to keep in mind as the last date approaches

If the income is above Rs 2.5 lakh per annum, not filing the income tax return (ITR) can even land a person in jail

More than 30 mn income tax return filed till date for FY 2021-22: I-T dept

"More than 3 crore ITRs for AY (Assessment Year) 2022-23 have been filed on e-filing portal till 25th July, 2022. The due date to file ITR for AY 2022-23 is 31st July, 2022," the dept said in a tweet

ITR 2021-22: How does a belated income tax return differ from regular one?

Filing your income tax return on time is always the best option. We explain what happens when you file it late

How to file ITR-2 online with salary income, capital gains for FY22

Individual taxpayers not having business or professional income can use this form

It's prudent to file nil ITR even if your income is below Rs 2.5 lakh

Filing income tax return will prove handy while applying for a loan, insurance cover, or a visa

Kotak Mahindra Bank completes tech integration with new e-filing portal

With this, Kotak Mahindra Bank becomes one of the first private banks to be fully integrated with the new Income Tax department portal

Top headlines: 5G spectrum auction, economic growth projection, and more

From 5G spectrum auction to tax irregularities, here are the top headlines on Thursday morning