LIC receives tax refund of Rs 21,740 cr from IT Dept
Mumbai: The Life Insurance Corporation of India (LIC) on Friday said that it had received a tax refund amounting to Rs 21,740.77 crore from the Income Tax Department for the assessment years spanning from 2013 to 2020.
88% of verified income tax returns for AY 2023-24 processed: IT Dept
New Delhi: The Income Tax (IT) Department has processed over 6 crore Income Tax Returns (ITR) for Assessment Year (AY) 2023-24, the Ministry of Finance said on Tuesday.
Finance Ministry agencies confiscate immovable properties worth Rs 1.11 trn in 6 years
New Delhi: The enforcement agencies under the Finance Ministry have seized immovable assets worth around Rs 1.11 trillion during the last six years, the ministry informed Parliament.
I-T Dept recovers Rs 24 cr in Gujarat
New Delhi: The Income Tax Department has carried out a search and seizure operation on a prominent business conglomerate engaged in the fields of textiles, chemicals, packaging, real estate, and education in Gujarat, an official statement said on Tuesday.
Nearly 34 lakh IT returns filed till 4 pm on last day
New Delhi: Nearly 34 lakh income tax returns were filed till 4 PM on the last day (July 31) of filing ITR for the financial year 2021-22 by salaried individuals, the IT department said.
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.
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.
I-T Dept. has issued notices to 1 lakh crypto currency investors: CBDT chairman
New Delhi, Feb 6 (IBNS): The Income Tax Department has issued about one lakh notices to people who have invested in crypto currencies like Bitcoin and have not declared it in their income tax return, CBDT (Central Board of Direct Taxes) chairman, Sushil Chandra said at an ASSOCHAM event held in New Delhi today.