income tax returns

5 per cent more income tax returns filed this year

The total returns for 2019-20 are 33.35 lakh higher than the previous year as total ITRs filed stood at 5.61 crore on the last date which was August 31, 2019.

published on : 12th January 2021

Over 4.15 crore income tax returns for fiscal 2019-20 filed till December 26

This includes over 2.34 crore taxpayers filing ITR-1, over 89.89 lakh filing ITR-4, over 49.72 lakh ITR-3 and over 30.36 lakh filing ITR-2.

published on : 27th December 2020

3.75 crore ITRs filed for 2019-20 fiscal till December

At the close of deadline for filing ITR without payment of late fees for fiscal 2018-19 (assessment year 2019-20), over 5.65 crore returns were filed by taxpayers.

published on : 22nd December 2020

Filing ITR forms for AY2020-21? Keep in mind these new requirements

There have been several new aspects introduced in this year’s ITR returns (AY2020-21) including a new Schedule DI form, and details on high EB bills, travel expenses, etc.

published on : 7th December 2020

Finance ministry clarifies on income tax returns filing deadline extention for corportates

The government had earlier in May extended various due dates for filing ITRs for the 2019-20 fiscal from July 31 to November 30.

published on : 30th October 2020

Deadline to file belated income tax returns for FY 2018-19 extended to November 30

A release from the Central Board of Direct Taxes said the date for furnishing of belated and revised returns for the assessment year 2019-20 has been extended from September 30 to November 30

published on : 30th September 2020

No scrip-wise information needed on ITR for short-term capital gains, says Finance Ministry

It had also introduced a grandfathering mechanism for the computation of LTCG for these shares, for which scrip-wise information is necessary.

published on : 28th September 2020

Taxpayers not required to disclose high-value transactions in ITR

Only third parties would report high-value transactions to the I-T department as per the Income Tax Act.

published on : 17th August 2020

Faceless scrutiny, appeals to ease taxpayers' compliance burden, increase fairness in tax system: FM Sitharaman

Faceless Asssessment, the Ministry said, has benefits like making tax assessment fair, transparent, ensuring ease of compliance and improved quality of assessment.

published on : 13th August 2020

ITR scrutiny reduced to 0.25 per cent in AY 2018-19: Finance Ministry

The ministry, however, did not give the absolute number of cases picked up for scrutiny during these years.

published on : 5th August 2020

FY19 ITR filing deadline extended till July 31; PAN-Aadhaar linkage till March 2021

The CBDT issued a notification on June 24, 2020 to provide further relief to taxpayers by extending various time limits of compliances, a statement said.

published on : 24th June 2020

Deadline to file ITRs extended till November 30; 25 pc cut in TDS/TCS rate for non-salary payments

The 25 per cent reduction would release nearly Rs 50,000 crore in the hands of the people who would have otherwise paid it as TDS, FM Nirmala Sitharaman said.

published on : 13th May 2020

Government likely to extend date for filing I-T returns

The official said that the CBDT will also come up with the revised I-T return forms for financial year 2019-20 (Assessment Year 2020-21) which will be notified by the end of this month. 

published on : 22nd April 2020

Anna University not filed I-T returns?

“If not done, please file returns immediately. Otherwise, penal provisions under the IT Act of 1961 shall be initiated,” it said.

published on : 10th March 2020

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