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The Income Tax (IT) department on Wednesday announced that a dress code is being imposed upon its employees through the rollout of Operation Dress Code.

No change in ITR forms, only utility software updated: CBDT

IT Dept issued a statement saying the updating process of these forms' utility software does not hamper filing of...

16 July 2019 10:10 PM IST

The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

Honour, privileges await top tax payers

The idea behind the initiative is to create exclusive membership to clubs that exude not only social status but also...

5 July 2019 1:54 AM IST

Revenue collection from the Goods and Services Tax (GST) had slipped below the Rs 1 lakh crore mark for the first time in the current fiscal in June at Rs 99,939 crore. (Photo: File)

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 IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

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

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

14 Aug 2019 7:13 PM IST

The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

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 IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

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 IST

BCCI President Anurag Thakur

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

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

12 Sept 2019 5:54 PM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

ITR Filing 2019: Over 5.65 cr income tax returns filed as deadline...

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

2 Sept 2019 4:40 PM IST

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

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 IST

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.

4 Feb 2020 11:01 AM IST

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

3 May 2020 4:05 PM IST

Finance Minister Nirmala Sitharaman. (PTI Photo)

FM gives relief to small taxpayers, halves interest on delayed filing...

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 IST