Tax

Income Tax Refunds Worth Rs 1.50 Lakh Crore Issued Till January 3, 2022

Income Tax Refunds Worth Rs 1.50 Lakh Crore Issued Till January 3, 2022

Edited by Animesh Singh | Wednesday January 05, 2022, New Delhi

Income tax department has issued refunds worth more than Rs 1.50 lakh crore during the current financial year

December 31 Deadline For Income Tax Returns Not Extended

December 31 Deadline For Income Tax Returns Not Extended

Edited by Nikita Prasad (With inputs from Agencies) | Friday December 31, 2021

ITR Filing Deadline: The last date to file income tax returns for fiscal 2020-21 is December 31, 2021. Failing to file returns before the official deadline can attract penalties of up to Rs 5,000.

Deadline To File Annual GST Returns Extended Till February 28

Deadline To File Annual GST Returns Extended Till February 28

Edited by Nikita Prasad (With inputs from Agencies) | Thursday December 30, 2021

Fiscal 2020-21 GST Return Filing: TheCentral Board of Indirect Taxes & Customs has extended the deadline from December 31, 2021, to February 28, 2022.

For Income Tax Returns, This Extended Deadline Is Important

For Income Tax Returns, This Extended Deadline Is Important

Press Trust of India | Wednesday December 29, 2021

As per law, an income tax return (ITR), filed electronically without a digital signature, has to be verified electronically through Aadhaar OTP, or net-banking, or code sent through demat account, pre-validated bank account and ATM within 120 days of filing the return.

Advance Tax Collection Rises 54% To Rs 4.60 Lakh Crore In 2021-22

Advance Tax Collection Rises 54% To Rs 4.60 Lakh Crore In 2021-22

Press Trust of India | Friday December 17, 2021

Direct tax collections for 2021-22, as on December 16, show that net collections are at Rs 9.45 lakh crore compared to Rs 5.88 lakh crore over the year-ago period, representing an increase of 60.8 per cen

Finance Ministry Reviews Income Tax Portal With Infosys Chief

Finance Ministry Reviews Income Tax Portal With Infosys Chief

Edited by Animesh Singh | Friday December 17, 2021, New Delhi

Finance ministry officials reviewed the performance of the new income tax e-filing portal on Thursday with Infosys chief Salil Parekh

More Than 3 Crore Income Tax Returns Filed As Deadline Nears

More Than 3 Crore Income Tax Returns Filed As Deadline Nears

Edited by Animesh Singh | Sunday December 05, 2021

In fact, the number of ITRs filed per day is over 4 lakh and increasing everyday as the last date for filing returns is approaching

Government's Tax Plan To Get Sovereign Bonds Included In Global Indexes

Government's Tax Plan To Get Sovereign Bonds Included In Global Indexes

Thursday November 25, 2021

India plans some tax exemptions in its Budget due February, possibly the final step for the nations sovereign bonds to be included in global indexes, according to people familiar with the matter.

Online Filing Of ITR Glitches Resolved, Says CBDT Chairman

Online Filing Of ITR Glitches Resolved, Says CBDT Chairman

Asian News International | Monday November 15, 2021

The Central Board of Direct Taxes (CBDT) on Sunday said that all glitches and hiccups with regard to the online filing of I-T returns have been resolved.

Taxpayers Can Report Errors Through Annual Information Statement

Taxpayers Can Report Errors Through Annual Information Statement

Edited by Animesh Singh | Tuesday November 02, 2021

The department on Monday said that the transaction history captured in the new comprehensive annual information statement has online feedback facility

Government Enables Tax Audit Utility Form For 2019-20, 2020-21

Government Enables Tax Audit Utility Form For 2019-20, 2020-21

Edited by Animesh Singh | Wednesday October 27, 2021

According to income tax department, taxpayers are mandated to get their accounts audited if the sales or turnover exceed Rs 10 crore

Deadline For Filing GST Returns Is October 24. Key Dates To Note

Deadline For Filing GST Returns Is October 24. Key Dates To Note

Asian News International | Saturday October 23, 2021, New Delhi

The Central Board of Indirect Taxes and Customs (CBIC) said the due date to file the quarterly GSTR-3B return for July to September, is October 24.

Income Tax Refunds Worth Rs 92,961 Crore Issued In 2021-22

Income Tax Refunds Worth Rs 92,961 Crore Issued In 2021-22

Edited by Animesh Singh | Thursday October 21, 2021

The refunds were issued by CBDT worth Rs 92,961 crore to more than 63.23 lakh taxpayers for the period from April 1, 2021 to October 18, 2021.

Government Says E-Filing Portal Now Stable, 2 Crore Returns Filed

Government Says E-Filing Portal Now Stable, 2 Crore Returns Filed

Edited by Animesh Singh | Thursday October 14, 2021

Government has said that more than two crore income tax returns have been filed through e-filing portal and it has "substantially stabilised"

Income Tax Department To Accept Pending Settlement Cases Till September 30

Income Tax Department To Accept Pending Settlement Cases Till September 30

Written by Animesh Singh | Wednesday September 29, 2021

Central Board of Direct Taxes has directed the income tax department to accept all pending tax settlement cases applications till September 30, 2021