Page 16 of income tax department

Under section 10(11) of the Income Tax Act, 1961 any payment from a provident fund to which the Provident Funds Act, 1925 applies or from any other provident fund set up by the Central Government and notified by it shall not be included in total income of a taxpayer.

About 27 lakh I-T Returns filed on December 30, total FY21 filings cross 5.36 crore: Income Tax Department

The total ITR count further increased to 5.36 crore till 9 pm with the addition of 2,58,176 more filing in…

December 30, 2021 22:45 IST

There has been surge in e-filing and 46.77 lakh returns were filed in the last seven days. (Representative image)

Over 4 crore Income Tax returns for FY21 e-filed so far: I-T department

The department has been reminding taxpayers to file returns for fiscal 2020-21 (ended March 31, 2021) by sending SMS and…

December 22, 2021 16:30 IST

Some vendors and distribution partners of these firms are being searched and more details are awaited, the sources said. (File/PTI)

IT dept raids entities linked to Chinese mobile phone manufacturers

The raids are being carried out at premises located in the national capital region and some states in the south,…

December 22, 2021 15:10 IST

Relevantly, a purchase of an agricultural land does not entail any income and thus requires no disclosure in the ITR.

Advance tax collection rises 54% to Rs 4.60 lakh crore in FY22, says Finance Ministry

Direct tax collections for 2021-22, as on December 16, show that net collections are at Rs 9.45 lakh crore compared…

December 17, 2021 21:32 IST

Made money from US stocks? Check rules to report it in Income Tax Return and claim credit

Income Tax on Gains from the US stocks in India: It is now possible for investors living in India to…

November 18, 2021 11:25 IST

Happy Diwali 2021! Know how much cash you can take as gift without paying income tax

Income tax on Cash Diwali Gift: Is it wise to share cash as a gift on Diwali? And, are there…

Updated: November 3, 2021 14:41 IST

Income Tax on Diwali, Dhanteras 2021 festival gifts: Here’s all you need to know

Income Tax on gifts received from parents, son, daughter, friends, family, relatives: Not many of us are aware that some…

Updated: October 28, 2021 10:17 IST

Revised Income Tax Return: Failed showing investment upto Rs 1.5 lakh in SCSS, SSY, NSC? Do this now

Revised Income Tax Return: Investments made in schemes like Senior Citizen Savings Schemes (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi…

October 26, 2021 11:53 IST

Prepayment of home loan does not entail any specific benefits whereas benefit on repayment of home loan is provided.

Got an income tax intimation notice after ITR filing? Here’s what you need to check in it first

How to read an Income Tax notice under Section 143 (1) ?? The income tax intimation notice informs the taxpayer…

October 25, 2021 14:56 IST

Income Tax Return 2021: Lost money in stock markets? Check if you can set it off against salary income

As the Income Tax Return filing season is on, it is important to know if losses made in the stock…

Updated: October 19, 2021 11:00 IST

Planning to file ITR? Know how to prepare yourself for Income Tax Return filing for AY 2021-2022

ITR Filing Tips for FY 2020-21 (AY 2021-2022): The deadline to file the income tax return for salaried or small…

September 30, 2021 14:33 IST

Do you need to pay advance tax on capital gains from shares, dividends?

Advance Tax Payment Rules: While we file Income Tax Return (ITR) for the previous financial year to settle tax liability…

Updated: September 24, 2021 16:41 IST

Can you claim Income Tax benefit on HRA if living with parents during work from home?

Income Tax benefits on HRA during work from home: Tax exemption on House Rent Allowance (HRA) is an important benefit…

Updated: September 21, 2021 17:09 IST

Salaried or earning from business and profession? Not everyone can change Income Tax regimes every year

New vs old Income Tax regime Change Rules for Income Tax Return Filing for AY 2021-22: Taxpayers, now have the…

September 17, 2021 12:49 IST

New vs Old Tax Regime for ITR filing (AY 2021-2022): What should salaried employees choose?

New Income Tax Regime vs Old: The choice of beneficial option between the old tax regime and new tax regime…

September 13, 2021 15:40 IST

How your income from equity shares and mutual funds will be taxed this year

Income Tax on Gains from Equity Shares and Mutual Funds FY 2020-2021: Gains on your investment in instruments like equity…

September 9, 2021 15:51 IST

Top mistakes to avoid while filing Income Tax Return (ITR) for AY 2021-22 this month

Income Tax Return for AY 2021-22: ITR filing is mandatory for all individuals whose income is over Rs 2.5 lakh…

September 7, 2021 11:37 IST

With India’s growing middle class with purchasing power ability offers an opportunity to investors to produce in India for the the large captive market.

I-T portal glitches: FM Nirmala Sitharaman sets September 15 as deadline for Infosys to resolve issues

As glitches continued to mar the functioning of the portal even after over two months of its launch, Sitharaman summoned…

August 23, 2021 19:56 IST

Related News

Income Tax Return Deadline Extension 2025 Live: Latest updates on last date, penalties and refund status

Income Tax Return Deadline Extension 2025 LIVE: Will govt extend due date for filing income tax return as tax portal glitches leave taxpayers stuck?

A man turned to LinkedIn and Reddit to expose the “unethical practices” and unwarranted insults he faced during his time at the company. In response, the company has demanded that he delete the LinkedIn post, which it deemed defamatory, within 24 hours or face legal action.

‘Delete LinkedIn post or face notice’: Employee says ex-company threatened him for calling out ‘unethical practices’

iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max go up for pre-orders in India: Check sale date, price and more

nitin gadkari, nitin gadkari news, nitin gadkari row, politician, fool people, nitin gadkari remark

Ethanol blending to cross 20%, says Gadkari, Diesel–Isobutanol mix to increase too

bajaj finance, Reserve Bank of India, India central bank, recover small loans, mobile phone locking, consumer electronics loans, Bajaj Finance, RBI phone lock, bank phone lock, remote phone lock

RBI may allow lenders to remotely lock mobile phones if user defaults on loan EMI: Report

Why 80% of Indian Vehicle Launches Face Delays: Study Reveals Root Causes

6 min ago

Study finds Indian automobile launches often delayed due to late design and engineering changes, causing issues for suppliers and increasing costs. Report suggests adopting flow-based execution, involving suppliers earlier, and structured triage of changes to reduce late changes by 20-30%.

View all shorts