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Income tax News
Money Guru : Right way to file ITR
Mon, Jul 11, 2016
To know the right way to file ITR and all the queries regarding ITR, catch here the expert advice on ITR and get to know more here.
Here's how to use Income Tax Declaration Scheme
Fri, Jul 08, 2016
In an attempt to curb black money flowing into the country's economy, Prime Minister Narendra Modi-led government has launched an Income Tax Declaration Scheme, 2016.
Indian money in Swiss banks drop by one-third to a record low
Thu, Jun 30, 2016
SNB's official figures also do not include the money that Indians or others might have in Swiss banks in the names of entities from different countries.
Abolish income tax to push economic growth, says Subramanian Swamy
Fri, Jun 17, 2016
"If I am in the Government, I will do it within one week, if I am not in Government, I will do it (remove income tax) within three years. The only way to encourage people to save more today is by abolishing the income tax completely," Swamy said.
Centre to up buffer stock as pulse prices near Rs 200 per kg
Thu, Jun 16, 2016
Retail prices of pulses are hovering near Rs 200/kg, the Centre has decided to increase the buffer stock by over five times to 8 lakh tonnes for retail sale at a highly subsidised rate of Rs 120/kg.
Income Tax Dept gives four months to declare undisclosed income
Mon, May 16, 2016
The Income Tax Department has given four months period for people to declare their undisclosed incomes and pay tax on it.
Tax office sets August 31 deadline to clear pending ITRs, refunds
Mon, May 09, 2016
CBDT said taxpayers should immediately authenticate their income tax returns.
Income Tax Department refunded Rs 1.22 lakh crore last year
Fri, May 06, 2016
The Income Tax department has issued 2.10 crore refunds totalling over Rs 1.22 lakh crore in 2015-16, which saw 94 per cent the returns being filed online.
Just 1% of population pay taxes; over 5000 paid more than Rs 1 crore
Sun, May 01, 2016
The tax outgo was less than Rs 1.5 lakh for a vast majority of nearly 89% taxpayers (over 1.11 crore).
I-T department issued over 2.76 crore PAN cards to individuals in FY14
Sat, Apr 30, 2016
2.6 crore people filed income taxes in calender year 2012-13.
Forgot to file your tax returns? No need to worry
Tue, Apr 19, 2016
Most of the salaried taxpayers pay tax which gets deducted from their salary via Tax Deducted at Source (TDS), well before the March 31 deadline. However, several times you may forget to file your returns ahead of the deadline, and it's usually too late by the time you realise it.
Income Tax Dept activates ITRs for e-filing
Tue, Apr 19, 2016
The CBDT had notified the new forms on March 30 and ITRs can be filed till the stipulated deadline of July 31.
Here are some last minute tips to save on taxes
Wed, Mar 23, 2016
If you haven't made adequate investments to save on taxes, here are a few quick tips to help you.