Income Tax Returns

Thursday, Apr 25, 2024 | Last Update : 03:51 PM IST

Taxpayers not required to disclose high-value transactions in ITR. (PTI Photo)

Taxpayers need not reveal high-value transactions in ITR

Only third parties would report high-value transactions to the I-T department as per the Income Tax Act

17 Aug 2020 4:38 PM

CBDT notifies I-T returns forms for 2019-20. (AFP Photo)

CBDT issues new Income Tax return forms for 2019-20

The department revised the I-T return forms to allow assessees to avail benefits of various timeline extension granted by the government

31 May 2020 1:39 PM

ncome Tax return forms being revised. (PTI Photo)

I-T revises return forms to enable taxpayers avail benefits of timeline extension

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

Uttar Pradesh Chief Minister Yogi Adityanath. (Photo: ANI)

Tax dept should conduct awareness drives to help traders in filing returns: UP CM

Expressing dissatisfaction over registration of only 14 lakh traders in the state, he said the number should at least reach 25 lakh.

13 Nov 2019 11:19 AM

Nearly 50 lakh people filed their tax returns online on August 31, the last date for ITR filing. (Representational image)

ITR Filing 2019: Over 5.65 cr income tax returns filed as deadline ended on Aug 31

Out of the 5.65 crore ITRs filed so far, 3.61 crore have been verified.

02 Sep 2019 4:40 PM

Taxpayers can get multiple benefits by filing income tax returns before the deadline.

7 benefits of filing your income tax return

To avoid penal actions, ensure that you file your income tax return on or before the August 31, 2019 deadline.

14 Aug 2019 2:53 PM

On long term capital gains, it said tools for computation of LTCG have been provided in the departmental utility for the convenience of taxpayers.

CBDT issues FAQs on filing tax returns to help taxpayers

The FAQs are based on the queries received by the CBDT to help assessees file ITRs.

12 Aug 2019 10:34 AM

The Central Board of Direct Taxes (CBDT) extends the 'due date' for filing of Income Tax Returns from July 31, 2019 to August 31, 2019 in respect of the said categories of taxpayers, the finance ministry said in a statement. (Representational image)

Govt extends due date for filing ITR for 2018-19 by a month till Aug 31

There have been demands for an extension in filing ITR date since issuance of TDS statement for 2018-19 fiscal was delayed.

23 Jul 2019 8:19 PM

'Upon consideration of the matter, the Central Board of Direct Taxes (CBDT) extends the 'due date' for filing of Income Tax Returns from 31st July, 2019 to 31st August, 2019 in respect of the said categories of taxpayers,' said Surabhi Ahluwalia, Commissioner of Income Tax, Media and Technical Policy), in a statement. (Photo: Representational)

Date for filing Income Tax Returns extended to August 31, 2019

The due date for filing of income tax returns for Assessment Year 2019-20 is 31.07.2019 for certain categories of taxpayers.

23 Jul 2019 8:02 PM

Individuals who pay electricity bill of over Rs 1 lakh in a year, spend over Rs 2 lakh on a foreign tour or withdraw Rs 1 crore in a year in a bank account need to file ITR. (Representational Image)

Who all have to file their income tax returns

You need to file ITR if your gross total income (excluding deductions) surpasses the exemption limit.

16 Jul 2019 3:54 PM

Keep in mind that if you fail to file your ITR by the due date, you will have to pay a fine and face certain restrictions after you file belated return.

If you fail to file ITR by due date, you will be penalised, even get jailed

In case, you fail to file your ITR, the income tax department may send you a notice and you could be jailed.

15 Jul 2019 2:11 PM

CBDT has issued a notice dated June 4, 2019 extending the due date for employers to file their TDS returns from June 30 to July 10. (Representational Image)

Will income tax filing deadline be extended from July 31?

Tax payers have to pay special attention this year on account of the changes in the forms.

13 Jul 2019 1:41 PM

The government has accorded high priority to issue refunds for all taxpayers including small taxpayers, said Nirmala Sitharaman. (Photo: ANI | File)

IT dept issued Rs 64,700 cr refund between Apr 1-Jun 18, 2019: Sitharaman

In a written reply to a question in the Lok Sabha, she said over 6.49 crore electronic returns were submitted for assessment year 2018-19.

24 Jun 2019 2:16 PM

Unlisted companies filing ITR-6 too will have to provide details of investors, their residential status in India, PAN, date of allotment, number of shares held, issue price per share and amount invested.

Directors, investors in unlisted cos cannot file Income Tax returns Sahaj, Sugam

This aimed at tightening the noose on unlisted companies appointing dummy directors and use shell companies for money laundering.

05 Apr 2019 8:13 PM

This is the sixth time the government has extended the deadline for individuals to link their Permanent Account Number (PAN) with Aadhaar. (Photo: PTI)

September 30 is new deadline to link PAN & Aadhaar

In June last year, the government had said that PAN has to be linked with the biometric ID by March 31.

01 Apr 2019 1:40 AM

The AY for 2017-18 is therefore 2018-19. Tax returns normally need to be filed by July 31 of the AY.

Don’t miss the belated returns filing deadline

Missing the belated income-tax returns deadline can put you in deep trouble as the I-T department may send you a notice and take action against you.

25 Mar 2019 1:24 AM

The apex court on September 26 last year had declared the Centre's flagship Aadhaar scheme as constitutionally valid but struck down some of its provisions including its linking with bank accounts, mobile phones and school admissions. (Photo: PTI)

Linkage of PAN with Aadhaar is mandatory for filing I-T return: SC

SC also said it would not be mandatory to link Aadhaar to bank accounts and telecom service providers cannot seek its linking for mobile.

06 Feb 2019 3:55 PM

The finance minister said that returns, assessments, refunds and queries are all undertaken online at the income-department.

Budget 2019: Tax scrutiny to go faceless soon

Experts believe that the lack of interface between the tax officer and the taxpayer would considerable reduce the chances of alleged corruption.

02 Feb 2019 1:43 AM

The CBDT, the apex policy making body for direct taxes, plans to provide e-PAN (Permanent Account Number) within four hours of receiving an application.

Tax returns filed up 50 per cent

The CBDT has also sent out two crore SMS to people who had not filed returns or those whose income did not match with their filings.

05 Dec 2018 12:50 AM

so far, the number corporate tax payers have gone to 8 lakh from 7 lakh last year.

ITR filing up 50 per cent so far this year: CBDT chairman

Demonetisation has been very good for increasing the tax base of the country.

04 Dec 2018 1:03 PM

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Dilip Cherian