You Searched For "The Income Tax department" and got 20 results
Sort By:
2 mins read
CBDT forms committee for IT Act review; 'sunset' clauses to be eliminated
Central Board of Direct Taxes (CBDT) chairman Agrawal said the committee is looking at the best glo…
PTI
1 min read
First draft of new and simplified Income Tax law to be prepared by internal tax dept committee: Revenue Secretary
The exercise is not linked to bringing a new direct taxes code, but a comprehensive review of the i…
PTI
2 mins read
ITR Filing: Today is the last day to file your income tax returns, so file today to avoid penalties
You will have to pay a penalty of Rs. 1,000 if your total annual taxable income is below Rs 5,00,00…
2 mins read
Majority of taxpayers to have substantial tax savings due to reduction of long term capital gains on real estate: IT Dept
The Budget has reduced tax rates on capital gains earned from sale of house properties held for lon…
PTI
3 mins read
Income Tax department issues warning to taxpayers, asks them to stay safe from ITR Refund scams
There has been an increase in scams targeting Indian taxpayers after the Income Tax Return filing d…
3 mins read
Wondering which ITR form is right for you? Know all about it here
It's time to file your ITRs! While the deadline is 31st July, it's best to not put off filing your …
3 mins read
ITR filing: Documents you need to file your income tax return
If you've paid premiums for a life or health insurance policy during the year, or invested in ELSS …
1 min read
Cipla gets Rs 773 cr demand notice from I-T dept
Shares of Cipla on Tuesday settled 0.56 per cent down at Rs 1,507.50 apiece on the BSE.
PTI
1 min read
Link PAN with Aadhaar by May 31 to avoid double TDS deduction: Income Tax Department
The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid ta…
PTI
2 mins read
IT department declares 363 as cost inflation index for current fiscal
The Cost Inflation Index (CII) for fiscal year 2024-25 is 363, used by taxpayers to calculate long-…
PTI
2 mins read
Income Tax Department seizes record ₹1,100 crore cash and jewellery in Lok Sabha elections 2024
As per the sources, by the end of May 30th, the department had seized approximately Rs 1100 crore w…
ANI
2 mins read
Received a tax mismatch notice from the IT department? Here is how to set it right
An income tax mismatch notice can happen due to several reasons. In an increasingly digital world, …
2 mins read
Important dates to remember while filing your ITR this time!
13 days from now, i.e., 31st July 2024 is the last date for salaried individuals, non-resident Indi…
2 mins read
Filing your ITR at the last minute? Don't make these mistakes
As per official data, about 6 crore ITRs have already been filed so far, and around 70% of them hav…
4 mins read
All you need to know about the new tax regime
The new tax regime was introduced in Budget 2020 as a means to simplify tax calculations and offer …
6 mins read
Union Budget 2024: A handy FAQ guide to decode the upcoming budget
Weeks before the budget presentation, the finance minister also meets representatives from vario…
2 mins read
Continue 45-day MSME payment rule: Industry body to Finance Minister Nirmala Sitharaman
According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…
PTI
1 min read
Direct tax collections rise 18% so far in current financial year
The government's gross direct tax collections have risen by 16.77 per cent to touch Rs 17.18 lakh c…
1 min read
I-T dept conducts survey at some entities of Hinduja Group
The Income Tax department on Wednesday conducted a survey operation at some entities of the Hinduja…
PTI
2 mins read
Income Tax dept to hire 50 young law, accountancy grads for better litigation at ITATs
The Income Tax Department has decided to temporarily hire 50 young law and chartered accountancy gr…