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1.58 lakh tax payers under lens for partial account declarations

1.58 lakh tax payers under lens for partial account declarations

Wed, May 17, 2017

The tax department is conducting analysis in conjuction with previously available/analysed data. Such incremental data analysis has already led to identification of new cases for e-verification, I-T department said.

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61 lakh taxpayers enrolled under GST, says Hasmukh Adhia

61 lakh taxpayers enrolled under GST, says Hasmukh Adhia

Thu, May 11, 2017

He was briefed about the software system being developed for GST, training of tax officials and outreach program being undertaken by Tax Departments across the nation.

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Now, link Aadhaar with PAN with ID proof scan, OTP

Now, link Aadhaar with PAN with ID proof scan, OTP

Sun, Apr 09, 2017

The tax department will start educating taxpayers from this week through media outreach on ways to link the PAN with Aadhaar.

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Donating to your preferred charity may save you income tax; here's how

Donating to your preferred charity may save you income tax; here's how

Tue, Mar 28, 2017

Section 80G, 80GGA and 80GGC cover provisions which make your donations eligible for tax deductions.

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26.7% of central taxpayers migrate to GSTN in Bengal circle

26.7% of central taxpayers migrate to GSTN in Bengal circle

Thu, Mar 23, 2017

"So far, about 26.7 per cent of 88,201 taxpayers, who are registered with central excise and service tax have migrated to GSTN," said Central Excise (Service Tax) Chief Commissioner R.K. Sharma.

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CBEC seeks exporters' feedback on drawback rates post GST

CBEC seeks exporters' feedback on drawback rates post GST

Sun, Feb 26, 2017

"In order to ensure smooth transition to GST framework, the Drawback Committee is to formulate and recommend revised All Industry Rates (AIRs) of drawback on rebate to be implemented for exports in the context of new GST environment," it said.

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IRS officers seek PM's intervention for smooth roll-out of GST

IRS officers seek PM's intervention for smooth roll-out of GST

Sun, Feb 26, 2017

In a memorandum submitted to the Prime Minister's Office (PMO), the officers' body has also highlighted the serious security and financial concerns raised by the Comptroller and Auditor General (CAG) and the Home Ministry against the Goods and Services Tax Network (GSTN).

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Final draft of GST laws ready; Council to meet on Feb 18: Jaitley

Final draft of GST laws ready; Council to meet on Feb 18: Jaitley

Fri, Feb 03, 2017

He pointed the government is making efforts to make the society more tax compliant.

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Here's what the Budget 2017 has in store for the poor, underprivileged

Here's what the Budget 2017 has in store for the poor, underprivileged

Wed, Feb 01, 2017

The government has pushed for affordable housing for the poor in Budget 2017 .

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How to calculate Advance tax and who should pay it?

How to calculate Advance tax and who should pay it?

Wed, Dec 14, 2016

If your do not pay Advance tax as per the schedule, you will become liable to pay interest under section 234B and 234C.

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CBDT clarifies unconfirmed reports speculating on the taxpayers response on IDS scheme

CBDT clarifies unconfirmed reports speculating on the taxpayers response on IDS scheme

Thu, Sep 15, 2016

The board said,” It would like to clarify that these speculations are not based on any statements issued by the department.”

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Total income tax returns amounted to Rs 19 lakh crore in 2012-13

Total income tax returns amounted to Rs 19 lakh crore in 2012-13

Sat, Aug 20, 2016

The highest amount of Rs 12.13 lakh crore IT returns coming from the Business Income group, followed by Salary Income which amounted to Rs 6.26 lakh crore.

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Income Tax: E-filing grows by 9 percent this year

Income Tax: E-filing grows by 9 percent this year

Mon, Aug 08, 2016

Avoiding long queues of filing income tax returns, the e-filing of income tax made it possible to garner more taxpayers online.

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Majority of taxpayers find CBEC policies "liberal and friendly": Survey

Majority of taxpayers find CBEC policies "liberal and friendly": Survey

Wed, Jun 29, 2016

The survey was based on the question – “Do you feel a perceptible change in policies of the CBEC by way of becoming liberal and friendly to the taxpayer?” 

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Just 1% of population pay taxes; over 5000 paid more than Rs 1 crore

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).

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I-T department issued over 2.76 crore PAN cards to individuals in FY14

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.

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