Income tax department has issued refunds worth more than Rs 1.50 lakh crore during the current financial year
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.
Fiscal 2020-21 GST Return Filing: TheCentral Board of Indirect Taxes & Customs has extended the deadline from December 31, 2021, to February 28, 2022.
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.
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 officials reviewed the performance of the new income tax e-filing portal on Thursday with Infosys chief Salil Parekh
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
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.
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.
The department on Monday said that the transaction history captured in the new comprehensive annual information statement has online feedback facility
According to income tax department, taxpayers are mandated to get their accounts audited if the sales or turnover exceed Rs 10 crore
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.
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 has said that more than two crore income tax returns have been filed through e-filing portal and it has "substantially stabilised"
Central Board of Direct Taxes has directed the income tax department to accept all pending tax settlement cases applications till September 30, 2021