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Income Tax efiling: A beginner’s guide to furnishing ITR Form-1 Sahaj

Income tax efiling has been made easy by the Income Tax department by opening an e-filling portal for those eligible for filling the ITR Form-1 (Sahaj). The due date of filing your ITR for FY2017-18 or AY2018-19 is July 31st,

Income Tax Return Filing: Here’s what you need to disclose in ITR forms for Financial Year 2017-18

The new ITR forms seek more transparency and disclosure in terms of income, investments and assets. Here's all you need to know.

Karnataka Assembly Election 2018: At Rs 41.48 crore, cash seizures eight times higher than 2013 elections

Interestingly, the total seizure by the department during the whole 2013 assembly elections was Rs.4.97 crore in cash and jewellery worth Rs.3.41 crore.

Only 2.4 million people declared income over Rs 10 lakhs, numbers must improve: Arvind Subramanian

Last year, Subramanian had said that the survey calls for bringing rich farmers into tax net phasing out tax exemptions.

New aviation policy: How airlines are set to benefit

Move may propel domestic airlines to maintain aircraft within country

I-T returns: File your tax by chatting with expert over mobile app

Taxchat’ app – a free do-it- yourself tax filing solution is built on interactive interface to simplify tax filing for the ones who prefer self tax filing. Designed for a first-time tax filer, the app enables them to file

8 common reasons for getting income-tax notices and how to avoid them

Most tax notices are about issues that need immediate attention and prompt correction. Here are the most common income tax notices and how you can avoid receiving them.

Direct tax collection jumps 18% to Rs 43,391 cr in Apr-May

Net direct tax collections jumped by 18 per cent to Rs 43,391 crore during the first two months of the current fiscal, the government said today.

As income-tax returns filing date nears, 7 documents to be kept ready

The income-tax returns filing season is fast approaching with the initial deadline being July 31.

Income tax e-filing: ATM-based validation facility activated

The Income Tax department has launched an ATM-based validation system for filing e-ITRs by taxpayers as part of its measure to enhance the paperless regime...

Undisclosed income a time bomb! Modi government’s Income Declaration scheme 2016 opens: Salient features

It is a one time opportunity to all persons who have not declared income in early years, to come forward and declare such undisclosed income.

Tax talk: Six reasons to file a return when you don’t have taxable income

Whether a return should be filed or not depends on your income level. When total income is within the minimum exemption limit, it’s not compulsory to file a tax return.

Indian Express Column: For a less taxing regime

Make IT laws less subjective, fix accountability of officers.

Income Tax sleuths quiz PEs on source of funds, LPs

Six domestic firms that have raised private equity (PE) money in the past few months have been quizzed by the income tax department, which is looking for detailed information...

Fatca reporting made easier for financial institutions

The Fatca, which came into effect on September 30, 2015, enables automatic exchange of financial information between India and the US

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