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CBDT backs PM Modi’s figure of 53 lakh new tax payers

The tax department on Friday clarified that the number of individuals filing income tax returns has jumped to 2.79 crore this year from 2.23 crore last year, matching with the 56...

Aug 18, 2017 19:51 PM

Online ITRs jump by 20%, 2.33 crore taxpayers filed returns by Aug 1

Online income tax return has registered an increase by 20 per cent, reports said. The government data reported through sources estimated that around 2.33 crore people had filed...

Aug 03, 2017 17:23 PM

Income tax returns deadline nears, technical snag hits site

The online filing system of the tax department developed a technical snag affecting taxpayers to upload their annual statements.

Jul 30, 2017 13:51 PM

Aadhaar-PAN linking: Income Tax Department introduces single page form for taxpayers

The Income Tax Department has introduced a one-page form for taxpayers to manually apply for linking their Aadhaar with Permanent Account Number (PAN), apart from the available...

Jul 01, 2017 16:37 PM

CBDT signs 5 more unilateral APAs with Indian taxpayers, aims to reduce litigation process

The Central Board of Direct Taxes (CBDT) has signed five more unilateral advance pricing agreements (APAs) with Indian taxpayers as it looks to reduce litigation by providing...

Jun 28, 2017 22:07 PM

NATGRID will receive access to PAN records, taxpayers data

NATGRID, which was conceived by the then Home Minister P Chidambaram during UPA-II rule will soon be getting new powers to access tax payers’ information after it signs a...

Jun 22, 2017 23:51 PM

Income tax collection begins on strong footing, up 26.2% till date

Net income tax collection till June 15 grew at a healthy 26.2 per cent to Rs 1,01,024 crore from across the country as of June 15 from Rs 80,075 crore in the year-ago period.

Jun 16, 2017 20:53 PM

Income Tax dept urges taxpayers to link Aadhaar with PAN using SMS-based facility

The Income Tax Department on Wednesday urged taxpayers to link their Aadhaar with their PAN, using an SMS-based facility.

May 31, 2017 11:15 AM

Demonetisation effect: With 9.1 million new taxpayers added in 2016-17, unprecedented 80 per cent surge in Govt's yearly tax revenues

The government has been highly successful in increasing the tax penetration of the country by adding a staggering 9.1 million new taxpayers in 2016-17, an 80 percent surge over the...

May 12, 2017 14:33 PM

Worried about linking Aadhaar with PAN card? All you need is ID proof scan and OTP

Individuals struggling to link their Permanent Account Number with Aadhaar because of differently spelt names can now simply upload a scanned copy of PAN to get the work done.

Apr 10, 2017 08:57 AM