Income tax refund within 15 days? It is possible; Here’s what tax experts say Taxpayers can now expect their ITRs to be processed fast as CBDT has reportedly asked the Income Tax Department to… Updated: August 22, 2018 11:06 IST
Received income tax notice? Here is what it means and what you need to do Now even a slight inaccuracy in the filing of tax returns can get you a notice from the Income Tax… Updated: August 21, 2018 11:52 IST
How to claim tax benefits on home loan if house property is jointly owned with spouse? If a piece of property is jointly owned with one’s spouse, a question arises that can both husband and wife… Updated: August 21, 2018 12:08 IST
Record! Whopping Income Tax collection – Rs 10.03 lakh crore during 2017-18 Income Tax collection in the country stood at a record Rs 10.03 lakh crore during 2017-18, the Central Board of… August 17, 2018 22:26 IST
Own more than one house? Here’s how you should plan income tax Home loans are a smart choice if you have a steady source of income. The tax benefits owing to home… August 17, 2018 11:43 IST
Income up to Rs 1500 per minor child is exempt from income tax The income earned in the name of minor is taxable in the hands of the parents whose income is greater,… August 14, 2018 00:54 IST
I-T department to scrutinise 0.35% of returns filed for FY18 In what would make the income tax department less intrusive, it would scrutinise only 0.35% of returns filed for the… August 10, 2018 06:31 IST
ITR filing: Did you get a defective income tax return notice? Here’s what you need to do Revise the defective ITR within 15 days of notice addressing the defects Updated: August 10, 2018 11:27 IST
Good news for taxpayers! Less than 1% of income tax returns filed last year to be scrutinised The income tax department today said it has picked up only high tax evasion cases for scrutiny, which account for… Updated: August 11, 2018 09:25 IST
Earning more than Rs 15 lakh? Here’s how you should plan your taxes to get the maximum benefit Return filing has its benefits; one of which is that it allows you to paint a complete financial picture of… August 9, 2018 10:26 IST
Crucial warning from Income Tax dept about fake messages of ITR refunds – Never fall into this trap! Income Tax refund: Recently, some people wrote on social media platforms that they had received such messages. August 8, 2018 17:05 IST
Income Tax efiling: Haven’t filed your ITR yet? Now use updated forms to file tax return With the extension of due date for filing tax returns, some simultaneous changes have also been made in the online… Updated: August 8, 2018 13:14 IST
Over Rs 6,400 cr collected from 2 lakh I-T non-filers after note ban The government received Rs 6,416 crore as self-assessed tax from over 2 lakh persons who were served with notices for… August 8, 2018 02:01 IST
Big gain! India got whopping Rs 6,416 cr income tax as over 2 lakh non-filers filed ITR in FY’18 As many as 2.09 lakh ‘non-filers’ filed income tax returns in last fiscal and paid taxes worth Rs 6,416 crore,… Updated: August 9, 2018 15:41 IST
From Bachelor Tax to Tattoo Tax, world’s 11 most weird taxes you will be surprised to know What if you were asked to pay tax based on the number of windows in your house or how many… Updated: August 7, 2018 16:36 IST
CBDT move: Threat to plan to cut tax arrears The Central Board of Direct Taxes’ (CBDT) latest Central Action Plan, for instance, seeks to incentivise the CIT (Appeal), the… August 7, 2018 05:35 IST
Income Tax: You have to pay 20% tax on capital gains made from property sale Whenever a property is sold in India, the seller makes a capital gain. August 7, 2018 01:36 IST
Income Tax Return: Gujarat High Court allows man to file ITR without Aadhaar The Gujarat High Court today allowed a man to file his income tax return (ITR) manually instead of doing it… August 6, 2018 22:52 IST
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