The income tax department has issued tax refunds at a speed of 76 cases per minute from April 8 to June 30, 2020
03 Jul 2020 3:32 PM
Some 50 officers of Indian Revenue Service recommended raising highest tax rate to 40% for people with annual income above 10 million rupees
27 Apr 2020 8:26 AM
The new income tax returns forms will be notified by the month-end and return filing utility would be available by May 31
19 Apr 2020 6:53 PM
Average declared income rises 19% during the period.
23 Oct 2018 1:05 AM
The policy-making body of the IT department said the total number of crorepati taxpayers has also seen a growth of about 60 per cent.
22 Oct 2018 6:14 PM
The department even failed to utilise the special drive launched to resolve taxpayers’ grievances.
10 Jul 2018 12:42 AM
The idea behind the directive is that the provision of filing revised ITR is not misused and black income is not shown as white.
26 Nov 2017 6:41 PM
The top boss of the I-T department said that till now, the taxman has attached 621 properties.
14 Nov 2017 8:54 PM
The project will involve creating a 'semantic web' that will track people's social media accounts.
01 Oct 2017 6:51 PM
Also, businesses have to specify reason for any reduction in advance tax payment compared to preceding financial year.
19 Sep 2017 7:07 PM
The pact aims at curbing the menace of money laundering, black money and misuse of corporate structure by shell companies.
14 Sep 2017 5:14 PM
The target was set at the recent second edition of the two-day annual meet of tax officers, which was addressed by Modi.
07 Sep 2017 2:31 PM
CBDT Chairman Sushil Chandra also urged firms and MNCs operating in India to pay their due share of taxes.
23 Aug 2017 2:16 PM
Earlier, the threshold for obtaining a stay on outstanding demand was 15 percent of the disputed tax demand.
20 Aug 2017 6:00 PM
The collection, net of refunds, was 19.5 per cent of the total Budget Estimate of direct taxes for 2017-18.
09 Aug 2017 8:28 PM
Revenue Secretary Hasmukh Adhia also announced the launch of a tax disclosure scheme which would open on Saturday and close on March 31.
16 Dec 2016 5:33 PM