Page 14 of income tax department News

In order to file a tax return online, you can access the new income tax portal logging in with PAN-based…

G20 finance ministers will next month discuss a proposal to impose a wealth tax on the super-rich globally. The matter…

As a taxpayer, you must ensure that all guidelines and rules to ensure compliance with tax laws are followed while…

Currently, the benefit of section 80C is not available under the default (new) tax regime and it would be expected…

For salaried taxpayers, one crucial document is Form 16, which facilitates quicker and hassle-free filing of their income tax returns…

Tax benefits on under-construction property: Why the house possession date matters more than you think!

Besides keeping ready all the necessary documents, including Form 16 and bank statements, to file their tax returns, taxpayers are…

To file your income tax return, you’ll need several important documents like Form 16, bank certificates, capital gains certificates and…

A report in the Financial Express last month stated that discussions were underway in the finance ministry regarding the implementation…


The CBDT, which comes under the finance ministry, said that several grievances have been received from the taxpayers that they…

Terming the media reports “completely misplaced”, the Central Board of Direct Taxes (CBDT) has said that there is no special…

The CBDT notification has clarified that income tax returns (ITRs) need to be e-verified within 30 days of uploading, otherwise…

Infosys, which competes with TCS and Wipro and others in the market for IT services contracts, is scheduled to declare…

“The company has received an order passed under Section 143(3) read with Section 144B of the Income-tax Act, 1961 for…

CreditAccess Grameen said that the notice is based on incorrect facts and assumptions and that the management is confident of…

The party took the matter to the Income Tax Appellate Tribunal (ITAT) in May 2023, which did not stay the…

It’s important to note that there is no separate form for belated ITR; the taxpayer must use the forms notified…