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Market regulator SEBI issues list of 'most wanted defaulters' - all untraceable

In a bizarre development, the Securities & Exchange Board of India (SEBI) has released a list of so…

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Non-profits wanting to get listed should have no ongoing IT scrutiny: SEBI

Markets regulator SEBI has said that any non-profit organisation (NPO), which wants to get listed, …

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1 min read

Direct tax collections surge 35% but fall short of estimates

Gross direct tax collections stood at Rs 6.48 lakh crore till September 8, which is 35.46 per cent …

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5 mins read

How to file income tax return online for salaried employees 2022-2023

If you are new to filing income tax returns online, you must know that it is a very easy process. V…

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IT raids on Bangalore colleges on overcharging, blocking seats and tax evasion

According to sources, the I-T sleuths were conducting raids since early morning on Sri Krishnadevar…

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Hero Motocorp shares decline as income tax raids dented company's image

In late March, the Income Tax Department had conducted a search operation on the premises of Hero M…

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Income Tax department reportedly raids Xiaomi, Oppo and OnePlus offices in India

The report added that the raids at the distribution partners of Oppo began on Tuesday. “Di…

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Date for filing income tax returns extended to March 15, 2022

For fiscal 2019-20 i.e. AY 2020-21, limit was ₹5 crore for businesses and ₹50 lakh for profess…

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3 mins read

Income Tax e-filing portal: Social media users call Infosys out after Finance Ministry summons its CEO Salil Parekh

Infosys had been awarded the contract to set up the new income tax portal. Since the launch of…

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Finance Ministry summons Infosys CEO over glitches in IT e-filing portal

The Ministry of Finance has summoned Infosys MD and CEO, Salil Parekh on Monday over continuing gli…

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New income tax filing portal will be launched on June 7 — the existing one will be suspended from June 1

The Income Tax Department will launch a new income tax filing portal on June 7.

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Income tax department updates Form 26AS, now includes mutual fund purchases, foreign remittances and more

India’s income tax department has updated the Form 26AS to include more information such as off-mar…

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L&T and Zee Group accused of filing 'bogus' tax claims — verification underway

The Income Tax Department on Monday carried out limited verification exercise at the office premise…

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Income tax returns with instant acknowledgment will help avoid penalty due to delay in processing

The feature will facilitate taxpayers, who have come almost close to the deadline of filing re…

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1 min read

Centre extends deadline for IT returns filing for 2019-20 to November 30

The last date for filing returns for AY 2019-20 was extended earlier till September 30, the th…

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Income Tax Department introduces faceless income tax appeals, says it will ensure just and fair appeal orders

On August 13, while launching the Faceless Assessment and Taxpayers' Charter as part of "Trans…

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Income Tax department might follow the GST path

If taken, this would be a significant leap toward eradicating corruption because of lesser n…

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In Covid days, I-T Department refunds ₹62,000 crore to 20 lakh taxpayers

In pursuance of the exercise to meet liquidity needs taxpayers during COVID-19 pandemic, the income…

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3 mins read

The new deadlines for tax saving investments, income tax returns, and linking PAN with Aadhaar

Amid the uncertainty around the COVID crisis, the government has yet again deferred the deadlines f…

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Taxpayers’ Charter — What the Income Tax department expects from you and what it promises in return

Prime Minister Narendra Modi launched India’s new taxpayer charter today with the hopes that more t…