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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 IST

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

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

Faceless assessment & taxpayers charter come in force from today, whereas faceless service will be available from...

13 Aug 2020 12:25 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.

Panel to redraft direct tax laws to focus on simplification

The recommendations of the panel is likely to be included in the final budget for 2019-20.

19 Dec 2018 4:32 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Govt extends deadline for filing April GSTR-3B by 2 days

The government has extended the due date for filing GST summary sales returns for April by two days till May 22.

18 May 2018 6:51 PM IST

The Union finance ministry said that there were some complaints that the taxpayers are not being able to log on to the e-filing website of I-T department or not being able to link Aadhaar with PAN.

ITR filing: Income Tax Department has a message for taxpayers

Non-filing or incorrect filing of return of income may result in penalty and prosecution.

23 March 2018 10:57 AM IST

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.

Private firms to do taxpayer profiling, fraud analysis

Infosys has been barred from bidding for the GSTNâ€ˆproject to avoid conflict of interest.

8 May 2018 8:53 AM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

GST collection falls to Rs 85,174 cr in Feb; only 69 pc file returns

The total revenue received under GST for the month of February 2018 has been Rs 85,174 crore.

27 March 2018 4:33 PM IST

Income-tax sources said more than Rs 5.5 crore unaccounted cash was seized during the raids, besides property documents and jewellery worth over Rs 89 crore.

I-T offices to remain open from Mar 29-31 for filing returns

Ayakar Seva Kendras will remain open during holidays from March 29- 31 to facilitate taxpayers in filing returns.

27 March 2018 1:58 PM IST

Businesses availing trasnitional credit can file GST returns till August 28. Photo: Twitter| @GSTN_IT

GSTN to rope in private entities for tax payer profiling

GST Network has invited bids from private entities for "360-degree" profiling of taxpayers for early detection of fraud.

7 May 2018 6:54 PM IST

CBDT has made available in the Compliance Module on the e-filing portal of the Income Tax Department the information relating to the identified non-filers.

CBDT extends last date of filing ITR due to severe Kerala floods

Earlier, the CBDT had extended the last date of filing ITR by one month.

28 Aug 2018 7:43 PM IST

PM Modi was interacting with women associated with Self Help Groups through video conferencing on the Narendra Modi (NaMo) app. (Photo: ANI)

Publicise action against corrupt I-T officials, says Modi

The Prime Minister directed officials to sensitise their counterparts to be more people-friendly and fast-track their...

7 Sept 2018 1:35 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.

Govt extends deadline for filing I-T Return, audit report till October...

However, there shall be no extension of the due date for the purpose of section 234A (Explanation 1) of the I-T Act,...

24 Sept 2018 5:37 PM IST