The Income Tax department's ambitious OTP-based ITR filing system for taxpayers has crossed the 50 lakh e-verification mark, while more than 39 lakh Aadhaar numbers have been successfully linked with the PAN database after th
Seeking to end harassment of tax payers, the Income Tax department today came out with a new appraisal form for its officials that will judge their performance based on the pace of disposal of cases and quality of assessment.
The rollout of an ambitious pilot project of Income Tax department to begin paperless and email-based communication with taxpayers has been delayed as many chosen tax offices have not sent the required data to the CBDT even a
Under new rules, Income Tax Department has asked its customer care centres to monitor email complaints of taxpayers about their income tax returns and other problems and diligently send them to tax officers. Here we explain t
In welcome news for taxpayers, the IT department has decided to launch a new system of issuing email notices to which an assessee can respond electronically, obviating the need for a physical interface with the taxman which o
The income tax (I-T) department has given chief commissioners of income tax (CCIT) the power to decide whether or not to appeal against a tribunal decision to the high court without having to consult their peers or superiors.
The Income Tax (I-T) department on Tuesday said it will wait for the apex court’s ruling before pursuing the matter on minimum alternative tax (MAT) against Aberdeen Asset Management in the Bombay High Court (HC).
According to the Income-Tax Act, companies are required to pay 15 per cent of their total advance tax in the first quarter, followed by 30 per cent, 30 per cent and 25 per cent in the next three quarters, respectively.