income tax returns

No change in I-T Return forms, only utility software updated, says CBDT

The policy-making body of the Income Tax Department issued a statement saying the updating process of these forms' utility software does not hamper the filing of returns.

published on : 17th July 2019

Income Tax Returns forms for 2019-20 released, here's all you need to know

While there has been no change in ITR-1 or Sahaj, which is to be filled by the salaried class, some sections in ITR 2, 3, 5, 6 and 7 have been rationalised.

published on : 6th April 2019

Directors, investors in unlisted companies cannot file ITR Sahaj, Sugam

The directors will be required to file their returns in ITR-2 in which they will have to disclose details of DIN, PAN, equity holding along with the names of the companies.

published on : 6th April 2019

GST council defers decision on real estate and lottery tax rates

The deadline for businesses to file sales returns for January has been extended till Friday by the council.

published on : 20th February 2019

How many realtors file ITRs? Income Tax department doesn’t know!

The report also punctuated the problem with housing for Economically Weaker Sections.

published on : 13th February 2019

Linkage of PAN with Aadhaar is mandatory for filing I-T return: SC

The court's direction came on an appeal filed by the Centre against a HC order allowing two persons, Shreya Sen and Jayshree Satpute, to file I-T returns without linking their Aadhaar and PAN numbers.

published on : 6th February 2019

In two years, income tax payers to start getting refunds within 24 hours

The government has already sanctioned Rs 4,200 crore last month for an upgradation of information technology infrastructure of Central Board of Direct Taxes.

published on : 5th February 2019

IT assessments won't require taxpayer to face exciseman in few years: CBDT

As part of the government's simplification procedures, in two years the taxpayer doesn't need to face the taxman with assessees will be provided pre-filled return forms.

published on : 3rd February 2019

Union Cabinet clears next gen income tax-filing system

IT major Infosys will implement the system for whioch the cabinet has sanctioned an estimated Rs 4,241.97 crore.

published on : 16th January 2019

Income tax return filing up 50 per cent so far this year: CBDT chairman

CBDT chairman Sushil Chandra said that due to demonetisation, so far, the number corporate taxpayers have gone to 8 lakh from 7 lakh last year.

published on : 4th December 2018

Income Tax Returns filing up by 50% so far this year: CBDT chairman

Hailing this as an effect of demonetisation, Central Board of Direct Taxes chairman Sushil Chandra said that the revenue department expects tx filing worth Rs 11.5 lakh crore.

published on : 4th December 2018

No Aadhaar? Need not link it to PAN to file I-T returns; SC partially stays Government Order

Supreme Court says until Constitution Bench passes order on pleas about Aadhar infringing right to privacy, those who don't possess Aadhar need not link it to PAN to file Income Tax returns

published on : 9th June 2017