January 31, 2023 00:20 (IST)
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Hockey Men's World Cup 2023: India beat Japan 8-0 in classification match | Amid row, Kerala Congress screens controversial BBC documentary on PM Modi in Thiruvananthapuram | Republic Day Parade to showcase India’s indigenous military prowess, cultural diversity | Mulayam Singh Yadav, Zakir Hussain conferred Padma Vibhushan award | Dilip Mahalanabis, who pioneered ORS use, to be awarded Padma Vibhushan

Direct Tax collections grow 24.58 pc y-o-y to Rs 14.71 lakh crore

New Delhi/IBNS: Direct Tax collections up to January 10, 2023, stood at Rs. 14.71 lakh crore, up 24.58% compared to gross collections for the corresponding period of last year, the Ministry of Finance said on Wednesday.

New TDS rules to apply on doctors, social media influencers from July

New Delhi: According to the new tax rules, freebies received from businesses for sales promotion by doctors and social media influencers will attract a 10 percent tax deducted at source (TDS)  from July

Over 6.2 cr ITRs, 21 lakh major Tax Audit Reports filed on new e-filing portal

New Delhi/IBNS: More than 6.2 crore Income Tax Returns (ITRs) and about 21 lakh major Tax Audit Reports (TARs) have been filed on the new e-Filing portal of the Income Tax Department till Thursday (February 10), the Ministry of Finance said on Friday.

Budget provided maximum relief to taxpayers: CBDT Chairman

New Delhi/UNI: The focus of the Budget has been to provide maximum relief to the taxpayers by making significant changes in the income tax processes, Central Board of Direct Taxes (CBDT) Chairman JB Mohapatra said here on Wednesday

CBDT issues Rs 1.54 lakh cr in refunds to income taxpayers

New Delhi/IBNS: The income tax department on Thursday said it has issued refunds of over Rs 1.54 lakh crore to more than 1.59 crore taxpayers so far this fiscal.

5.89 crore Income Tax Returns filed on new e-filing portal: Government

New Delhi: Nearly 5.89 crore Income Tax Returns (ITRs) have been filed on the new e-filing portal of the Income Tax Department as on Dec 31, the extended due date, as per government data released on Saturday.

No extension of ITR filing deadline: Revenue Secretary Tarun Bajaj

New Delhi/IBNS: The government has no plan to extend the deadline for ITR filing and the filing process is going on smoothly, Revenue Secretary,  Revenue Secretary Tarun Bajaj said Friday in a press conference.

Over 4.67 crore Income Tax Returns filed till Dec 27, 15.49 lakh ITRs on Dec 27 alone

New Delhi/IBNS: Over 4.67 crore Income Tax Returns have been filed, including 15.49 lakh ITRs were filed on December 27 alone, the Income Tax Department said Tuesday.

Income Tax Department conducts searches in West Bengal

Kolkata: The Income Tax Department carried out search and seizure operation on 16.12.2021 on two prominent Asansol based groups, engaged in business of iron and steel products, infrastructure, cement, poly fabs, agro-tech & food processing, among others.

IT Dept raids company engaged in dairy sector in Pune, detects unaccounted income of Rs 400 cr

Pune/IBNS: The Income Tax Department initiated search and seizure operations on a leading group of Pune, engaged in dairy farming and milk products add seized unaccounted cash and unexplained jewellery of about Rs 2.50 crore.

IT Dept raids real estate group in Mumbai, seizes Rs 100 cr in cash

Mumbai/IBNS: The Income Tax Department initiated search and seizure operations on a real estate group, engaged in the construction of residential and commercial projects, in Mumbai and Navi Mumbai Region. 

IT raids on Gujarat Gutkha distributor detect Rs 100 cr unaccounted income

New Delhi/IBNS: The Income Tax department has detected unaccounted income of more than Rs 100 crore during a series of raids at the properties of a leading Gutkha distributor in Ahmedabad, the Finance Ministry said in a statement.

Centre extends deadline for filing income tax returns to Dec 31

New Delhi/IBNS: The deadline for filing the returns of income tax has been extended till December 31, the Centre informed on Thursday.

Income tax portal glitches impacting taxpayers adversely: Nirmala Sitharaman to Infosys

New Delhi/IBNS: Finance Minister Nirmala Sitharaman has expressed her disappointment over the glitches in the new Income-Tax portal at a meeting with Infosys officials.

Amid Covid pandemic, deadline for filing income tax returns extended till Sept 30

New Delhi/IBNS: As the country is raving under the heat of the second wave of Coronavirus, the Centre on Thursday extended the due date of filing income tax returns (ITR) for the financial year 2020-21 by two months till Sept 30 to give relief to taxpayers.