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income tax returns
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E-filing of tax returns jumps 68.5 Per Cent in April
E-filing of tax returns witnessed a jump of 68.5 per cent in the first month of the current fiscal year with over 8.32 lakh assessees filing ITRs electronically.
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Nobody in India had salary income over Rs 100 crore in FY12
Income tax return data of the financial year shared by the finance ministry also show only 6 people had salaried income between Rs 50 crore and Rs 100 crore in the year.
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Income Tax dept launches tax calculator; e-filing may begin this week
E-filing of income tax returns for individuals for the assessment year 2016-17 will begin sooner this time, while filers can do an easy check and obtain their annual tax liability with an online calculator provided by the I-T department.
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Budget 2016 Income Tax Exemption Cheat Sheet: How much you save if FM Arun Jaitley hikes slab by Rs 1,00,000
Budget 2016 Income Tax Slab Cheat Sheet: For income tax payers, the most important part of the year is here. And topmost on their minds is whether FM Arun Jaitley will give them substantial tax breaks thereby putting some extra money in their pockets.
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Taxman gets more teeth to track non-filers of Income Tax returns
Aimed at further arming the taxman to go after those who do not file their Income Tax Returns (ITRs), a new database of multiple addresses of such erring assessees has been set up by the department.
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New software for filing digitally signed Income Tax returns
The CBDT has developed a new easy to use software after taxpayers complained of problems in filing I-T returns with digital signatures.
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Govt to further simplify Income Tax return forms, sets up committee
Government is looking to further simplify Income Tax return forms to help taxpayers fill them without seeking help from experts and the Revenue Department has set up a committee in this regard.
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Income tax returns: I-T Department’s new mobile app coming soon
Income Tax returns: The Income Tax Department is developing a mobile app which can be used by tax payers to file their income tax returns, a top finance ministry official revealed.
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Income Tax Department’s new directive on norms: Top 5 ways taxpayers will benefit
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 the top 5 ways taxpayers can befit from the income tax rules:
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Income tax returns filing forms simplified: All you wanted to know in 7 pts
Government has simplified the format and procedures for income tax returns filing format. This change in income tax format has been done to reduce the burden for the tax payer…
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CBDT to issue pre-filled Income Tax Returns form to ease e-filing
As part of efforts to popularise the electronic mode of filing Income Tax Returns (ITRs), the CBDT is planning to provide “pre-filled” return forms to filers which will have an automatic upload of data on income and other vitals of a taxpayer.
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Income tax refunds to be sent to taxpayers in 7-10 days after Aadhaar card success
In what could be a good news for lakhs of taxpayers, the Income Tax Department will now process and send income tax refunds in a short time of 7-10 days as its latest technology upgrade of electronic and Aadhaar-based ITR verification has begun on a successful note.
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Income tax returns e-filing: Last day today, rush to file returns
The delay in the deadline for e-filing of income tax returns (ITR) by a week brought respite to taxpayers who were struggling to get the job done by on August 31, which was the last day, due to technical anomalies.
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Income-tax returns: Fresh window of opportunity
Those who missed filing their income-tax returns by August 31 for assessment year 2015-16 can now do so till September 7.
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Last date for filing Income Tax return extended to Sep 7
Government today extended the last date for filing Income Tax return by a week to September 7.
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