Taxpayers

Thursday, Apr 25, 2024 | Last Update : 02:38 AM IST

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

PM Modi launches platform for Transparent Taxation - Honoring the Honest. (PTI Photo)

PM Modi unveils new tax platform, says tax paying to become seamless, painless, faceless

Faceless assessment & taxpayers charter come in force from today, whereas faceless service will be available from September 25, Modi said

13 Aug 2020 12:25 PM

I-T refunds worth Rs 62,361 cr issued to 20.44 lakh taxpayers during Apr 8-Jun 30. (PTI Photo)

I-T department refunds ₹62,000 crore to 20 lakh taxpayers

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

Finance Minister Nirmala Sitharaman. (PTI Photo)

FM gives relief to small taxpayers, halves interest on delayed filing of GST returns

No late fee will be levied for delayed filing of GST returns by registered entities with nil liability, said Sitharaman

12 Jun 2020 5:05 PM

Income Tax Department cautions people against phishing e-mails promising refund. (PTI Photo)

Taxpayers beware of phishing e-mails promising refund

The department issued nearly 14 lakh refunds involving an amount of over Rs 9,000 crore to various taxpayers

03 May 2020 4:05 PM

The tax rate rises to 10 per cent, 15, per cent, 20 per cent and 25 per cent for every Rs 2.5 lakh addition.

New tax structure gives option to save tax: Revenue Secy

In the new regime, 5 per cent tax is levied on an annual income between Rs 2.5 lakh and Rs 5 lakh.

04 Feb 2020 11:01 AM

A total of 65.65 lakh GSTR-3B for the tax month of December were filed, out of which 13.30 lakh GSTR-3B returns were filed on last day itself.

One-fifth taxpayers file return on last day: GST Network

In the last three days 8.32 lakh, 6.09 lakh and 13.30 lakh GSTR-3B returns were filed on January 18, 19 and January 20.

22 Jan 2020 10:12 AM

The committee will be constituted for a period of 2 years and the term of each member will be for likewise.

GST Council to set up grievance redressal mechanism for taxpayers

The committee will meet once every quarter or more frequently as decided by the co-chairs.

26 Dec 2019 11:47 AM

The dates for filing the reconciliation statement has also been extended accordingly.

Deadline for filing GST annual returns extended; forms simplified

The earlier deadline for filing of GSTR-9 and GSTR-9C for 2017-18 was November 30, 2019, while that for 2018-19 was December 31, 2019.

14 Nov 2019 5:01 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

There wont be any personal interaction between the taxpayer and the tax officer. This step aims to eliminate corruption in the tax department, said Union minister Anurag Thakur. (Photo: File)

'Faceless tax assessment to eliminate corruption in tax dept': Anurag Thakur

Infrastructure investment of Rs 100 lakh crore will be needed for achieving USD 5 trillion GDP, said Union minister Anurag Thakur.

12 Sep 2019 5:54 PM

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

Earlier, GST taxpayers were to file required returns by August 31.

Last date to file GST annual returns extended till 30 November

GSTR-9C is filed by those whose annual turnover exceeds Rs 2 crore.

27 Aug 2019 10:39 AM

CBDT said issuance of DIN is another step towards better delivery of taxpayer services while ensuring accountability in official dealings.

All communication from tax dept to assessees to carry DIN from Oct 1: CBDT

The CBDT has also specified exceptional circumstances where the communication could be issued manually.

14 Aug 2019 7:13 PM

While taxpayers are busy filing their IT returns, cyber criminals have found new ways to extract bank account details by pretending to be income tax department officials.

Taxpayers duped by cyber fraudsters

Cyber criminals are using fake SMS to trick customers into sharing bank account details, finds Quickheal.

14 Aug 2019 12:55 AM

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 utility for e-filing ITR-2 and ITR-3 were released on May 2 and May 10, 2019 respectively.

No changes made in ITR forms, only software updated: CBDT

The CBDT said that the software utility for e-filing of all the ITR forms has been released long back.

24 Jul 2019 4:41 PM

The department has done a commendable work over the years that is visible by the growth in the direct tax collections, from Rs 13 lakh in 1860-61 to Rs 11.37 lakh crore.

Tax paying should be a pleasurable experience: CBDT chairman

Revenue collection under the direct taxes head has grown and the total tax base has also increased to over 7 crore taxpayers at present.

24 Jul 2019 3:40 PM

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

There were 8.44 crore taxpayers in Assessment Year 2018-19.

Govt targets to add 1.3 crore income tax filers this fiscal

Thakur said 46,13,91,168 Permanent Account Numbers (PANs) have been allotted as on July 30, 2019.

23 Jul 2019 8:54 AM

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Dilip Cherian

taxpayers