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Income Tax Department

PAN Aadhaar Link: 17 crore cards may become useless if this Income Tax Department's instruction is not followed

PAN Aadhaar Link: 17 crore cards may become useless if this Income Tax Department's instruction is not followed

Thu, Mar 19, 2020

PAN Aadhaar Link: The Income Tax Department has said that it is mandatory to link your PAN and Aadhaar cards before 31st March, 2020.

Aadhaar PAN Link: Your card may become useless after 31st March; do this or face trouble

Aadhaar PAN Link: Your card may become useless after 31st March; do this or face trouble

Tue, Mar 17, 2020

Aadhaar PAN Link: If you don't do PAN Aadhaar link by 31st March 2020, it will become inoperative from the next financial year.

Want free PAN Card in just 10 minutes? Here is how it's possible

Want free PAN Card in just 10 minutes? Here is how it's possible

Sat, Mar 07, 2020

PAN Card Link In Aadhaar: Income Tax Department has launched a new facility that allows Aadhaar Card holder to get instant PAN Card without any charges.

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Income Tax raids in Kanpur: Rs 70 cr tax evasion detected:

Income Tax raids in Kanpur: Rs 70 cr tax evasion detected:

Thu, May 10, 2018

The Income Tax (I-T) department unearthed tax evasion to the tune of Rs 70 crore after conducting raids on 15 places in Kanpur and Unnao districts of Uttar Pradesh belonging to two prominent companies owning tanneries and manufacturing leather goods.

Income Tax Returns filing: What happens when you file wrong ITR?

Income Tax Returns filing: What happens when you file wrong ITR?

Tue, Apr 24, 2018

ITR Filing: In case the assessee has filed his Income Tax return (ITR) with errors then the person is granted an opportunity to file a revised ITR in view of the provisions of section 139(5) of the Income Tax Act, 1961, within the prescribed time limit, i.e. 1 year from the end of the relevant assessment year

Income tax returns (ITR) filing: How to file tax online with new ITR-1 form for AY 2018-19; step by step guide

Income tax returns (ITR) filing: How to file tax online with new ITR-1 form for AY 2018-19; step by step guide

Sat, Apr 21, 2018

Income tax returns (ITR) filing: The Central Board of Direct Taxes (CBDT) had made changes in ITR forms that including ITR 1 also.

ATM cash crisis: Problem severe, Income-Tax dept roped in by government

ATM cash crisis: Problem severe, Income-Tax dept roped in by government

Wed, Apr 18, 2018

This comes amid reports of an unusual spike in cash in the ATMs in many parts of the country. The finance ministry will ask the I-T department to probe all the large withdrawals made in the past three months. "There has been a mismatch in withdrawals and deposits made with the banks in last 2-3 months. The taxman will probe who all withdrew large sums," sources said

Income Tax Returns (ITR) filing: Check out in brief, the new ITR 2018-19

Income Tax Returns (ITR) filing: Check out in brief, the new ITR 2018-19

Mon, Apr 09, 2018

Income Tax Returns (ITR) filing: The new ITR 2018-19 form is here. Some fields in the new ITR form for have been rationalised and it shows that the Income Tax Department wants to know a little bit more about you

Two Navjot Singh Sidhu bank accounts seized by Income-Tax Dept

Two Navjot Singh Sidhu bank accounts seized by Income-Tax Dept

Fri, Mar 30, 2018

Navjot Singh Sidhu, former cricketer-turned-TV personality, who is currently the tourism minister of Punjab is back in the news and this time for all the wrong reasons. The Income Tax department has seized two of his bank accounts for failing to present bills of expenditure shown in his tax returns filed for FY15, and reportedly has dues amounting to over Rs 52 lakh against him.

Cognizant bank accounts frozen; here is why Income Tax department launched crackdown

Cognizant bank accounts frozen; here is why Income Tax department launched crackdown

Wed, Mar 28, 2018

Cognizant failed to pay the tax of more than 25 billion rupees ($385 million) in the 2016-17 financial year, the Hindu newspaper reported, citing officials from the tax department.

Income tax returns (ITR) filing: Not filed returns for 2 years? Beware! Deadline nearing

Income tax returns (ITR) filing: Not filed returns for 2 years? Beware! Deadline nearing

Tue, Mar 20, 2018

Income tax returns (ITR) filing: March 31, 2018 is the last date for taxpayers in filing ITR for the assessment year 2016-17 and 2017-18.

Income Tax Returns (ITR) filing top hack: How you can gift and still save tax on top of HRA, tuition fee, more

Income Tax Returns (ITR) filing top hack: How you can gift and still save tax on top of HRA, tuition fee, more

Tue, Mar 13, 2018

Income Tax Returns (ITR) filing: When you use gift as a tool to save the income tax, then you need to be very careful. If you make any mistake in understanding the provision, then it could result in clubbing of income and you may need to pay tax on such transaction. You must discuss with your tax advisor/CA before using the ‘gifting’ provision to save the tax.

Rs 3,200 cr TDS scam; These 447 companies looted employees; Income-Tax dept cracks whip

Rs 3,200 cr TDS scam; These 447 companies looted employees; Income-Tax dept cracks whip

Tue, Mar 06, 2018

TDS scam came to light after the Income-Tax department initiated prosecution against these firms and issued warrants in some cases. The anomalies were traced during the investigation between April 2017 and March 2018

How to file income tax returns (ITR): With this 10 point step by step tax guide, you just can't go wrong

How to file income tax returns (ITR): With this 10 point step by step tax guide, you just can't go wrong

Sat, Mar 03, 2018

How to file income tax returns (ITR) continues to be one of the most asked questions and news about tax acquires prominence in daily conversation.

Income tax returns (ITR) filing: 12 power points to ensure you never get a call from taxman

Income tax returns (ITR) filing: 12 power points to ensure you never get a call from taxman

Fri, Mar 02, 2018

Income tax returns (ITR) filing is one of the biggest duties of a citizen that should be followed religiously every year. Having said that, the process can be confusing and cumbersome for many.

Income tax returns (ITR) filing: Which income tax form to use; all you want to know in short and precise manner

Income tax returns (ITR) filing: Which income tax form to use; all you want to know in short and precise manner

Thu, Mar 01, 2018

Income tax returns (ITR) filing: In case you missed the deadline of July 31, 2017 to file your income tax return for the financial year ended March 31, 2017, you have the last chance to file the same belatedly by March 31, 2018 without any penalty.

Rotomac scam: I-T dept files six prosecution cases against Vikram Kothari

Rotomac scam: I-T dept files six prosecution cases against Vikram Kothari

Tue, Feb 27, 2018

The Income Tax Department on Monday said it has filed six cases for the prosecution of Rotomac owner Vikram Kothari in connection with the Rs 3,695 crore bank loan default case involving Bank of Baroda.

ED probes shell companies linked to Nirav, Choksi

ED probes shell companies linked to Nirav, Choksi

Thu, Feb 22, 2018

The Enforcement Directorate (ED) is probing 120 shell companies allegedly linked to Nirav Modi and Mehul Choksi even as Income Tax officials claimed to have found two companies linked to Nirav that received Rs 555 crore from foreign companies between 2013 and 2014.

How to know PAN if card lost and the number forgotten?

How to know PAN if card lost and the number forgotten?

Sat, Jan 27, 2018

In case someone loses their card, they can know PAN by using the facility of “Know Your PAN” provided by the Income Tax Department

I-T busts refund fraud, claims nexus between employees of top companies, CA

I-T busts refund fraud, claims nexus between employees of top companies, CA

Thu, Jan 25, 2018

The Income Tax Department today claimed to have busted a racket of extracting fraudulent tax refunds by employees of bellwether companies like IBM, Vodafone and Infosys in alleged connivance with a Chartered Accountant (CA) in Bengaluru, the IT capital of the country.

Now file your ITR through this helpline

Now file your ITR through this helpline

Wed, Jan 24, 2018

As the financial year is coming to an end and ahead of tax filing season, the Income Tax department has notified a new helpline number for taxpayers to e-file their returns and conduct other tax-related businesses online.

Budget 2018: Cryptocurrencies enthusiasts wait for clarity on legality and taxability

Budget 2018: Cryptocurrencies enthusiasts wait for clarity on legality and taxability

Mon, Jan 22, 2018

Not only Bitcoin, other cryptocurrencies like Ripple, Litecoin and Ethereum are gaining momentum among Indians.

Budget 2018: Cryptocurrencies' traders wait for clarity on legality and taxation

Budget 2018: Cryptocurrencies' traders wait for clarity on legality and taxation

Sat, Jan 20, 2018

Not only Bitcoin, other cryptocurrencies like Ripple, Litecoin and Ethereum are also gaining popularity among Indians

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