Income tax alert: Taxpayers must complete this process now
2 years, 9 months ago

Income tax alert: Taxpayers must complete this process now

India Today  

The income tax department has issued a reminder to taxpayers. Failure to comply with the notice may result in Best Judgment assessment based on material on record," the tax department tweeted. — Income Tax India March 9, 2022 Central Board of Direct Taxes issued refunds of more than Rs. 1,83,579 crore to more than 2.09 crore taxpayers, Income Tax India tweeted. Income tax refunds of Rs 65,938 crore have been issued in 2,07,27,503 cases and corporate tax refunds of Rs 1,17,641 crore have been issued in 2,30,566 cases, according to the tax department.

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History of this topic

Only 6.68 pc of population filed income tax return in 2023-24 fiscal | DEATILS
6 days, 7 hours ago

Only 6.68 pc of population filed income tax return in 2023-24 fiscal | DEATILS

India TV News  

Income tax returns: The country's population may be the largest in the world, but Indians are still lagging behind in filing income tax returns. The latest data shows that only 6.68 per cent of India's population filed income tax returns for the financial year 2023-24, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya …

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry
1 week, 4 days ago

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry

Live Mint  

The Ministry of Finance on Thursday, December 12, announced that the issuance of tax refunds had increased 46.31 per cent during the period of April 1 to November 27 in the financial year 2024-25, compared to the same period in 2023-24, reported the news agency ANI. At its peak, the income tax return portal handled over 900 filings in a …

Tax action in the Union budget for 2025-26 could set the course for Viksit Bharat
3 weeks, 6 days ago

Tax action in the Union budget for 2025-26 could set the course for Viksit Bharat

Live Mint  

Balancing fiscal prudence with the need to provide a growth impetus has been a hallmark of our government over past Union budgets. Particularly praiseworthy is the government’s proposal to undertake a comprehensive review of the Income Tax Act of 1961 within the context of reviewing the entire direct and indirect taxation regime. On the indirect taxation side, the 2024-25 budget …

Income Tax Returns data shows that 5 times more people are earning over 50 lakhs per year since PM Modi came to power, pay over 75% of taxes
1 month, 1 week ago

Income Tax Returns data shows that 5 times more people are earning over 50 lakhs per year since PM Modi came to power, pay over 75% of taxes

Op India  

Over the course of last ten years, the number of income tax filers has increased by an astounding 120%, as per media reports. The data from income tax return filings shows that the number of people with yearly incomes over Rs 50 lakh surged five-fold from 1.85 lakh in 2013–14, to over 9.39 lakh in 2023–24. Furthermore, from Rs 2.52 …

Centre’s net direct-tax revenue grows 15.4% to ₹12.1 trillion in April-Nov
1 month, 1 week ago

Centre’s net direct-tax revenue grows 15.4% to ₹12.1 trillion in April-Nov

Live Mint  

New Delhi: The union government’s direct-tax collection has grown by 15.41%, after tax refunds, to ₹12.1 trillion so far this financial year, the Central Board of Direct Taxes said on Monday. Securities transaction tax contributed ₹35,923 crore so far this financial year, 90% more than the ₹18,909 crore collected in the same period a year ago, CBDT data showed. So …

Income Tax Deadline: Last one week left to file tax return for THESE taxpayers. Check details
1 month, 2 weeks ago

Income Tax Deadline: Last one week left to file tax return for THESE taxpayers. Check details

Live Mint  

Taxpayers who are meant to get their accounts audited have only one week left to file their income tax return for AY 2024-25. The last date to file income tax return for these taxpayers is November 15. The income tax department recently issued a statement that says that it's the last week left for taxpayers whose accounts are audited or …

Income Tax Filers Exceed 2.3 Lakh, with High Majority Being Businesspersons and Professionals
2 months ago

Income Tax Filers Exceed 2.3 Lakh, with High Majority Being Businesspersons and Professionals

Hindustan Times  

Number of taxpayers with over ₹1 crore of taxable income rose significantly in the assessment year 2023-24. The number of taxpayers with more than ₹1 crore of taxable income increased by more than five times, reaching nearly 2.3 lakh. This surge in income earners is attributed to the rise in the number of salaried individuals earning over ₹1 crore, with …

India's Tax Filers Surge Fivefold, With 52% of Salaried Individuals Reporting Income Over Rs 1 Crore
2 months ago

India's Tax Filers Surge Fivefold, With 52% of Salaried Individuals Reporting Income Over Rs 1 Crore

ABP News  

India's tax filers have seen a significant surge in recent years, with the number of individuals reporting taxable incomes exceeding Rs 1 crore surging fivefold in the assessment year 2023-24. This growth has been driven by both an increase in the total number of taxpayers and an increase in the number of individuals with taxable incomes exceeding Rs 1 crore.

Tax department made Rs 1.57 lakh crore refunds so far, says official
3 months, 4 weeks ago

Tax department made Rs 1.57 lakh crore refunds so far, says official

New Indian Express  

The Income Tax Department of the Ministry of Finance has processed refunds worth Rs 1.57 lakh crore so far, according to a top Government official. "Those who have not yet received their tax refunds need to check if they have got any notification from the tax department. Revenue Secretary Sanjay Malhotra on Wednesday shared that close to 4 crore Income …

Net direct tax collection rises 22% so far this fiscal
4 months, 1 week ago

Net direct tax collection rises 22% so far this fiscal

Live Mint  

New Delhi: The central government’s direct tax collection has risen 22.48% so far this fiscal. Personal tax collection jumped 30% year-on-year to ₹4.47 trillion, while corporate taxes have risen 6% to ₹2.22 trillion. For FY25, the government targets a corporate tax mop-up of ₹10.2 trillion and personal income tax collection of ₹11.87 trillion. The total direct tax collection before adjusting …

Tax defaults in India skyrocket by 1000% over last 10 years, litigations double: Report
4 months, 2 weeks ago

Tax defaults in India skyrocket by 1000% over last 10 years, litigations double: Report

Hindustan Times  

Tax defaults in India have skyrocketed by 1000% in the last ten years and litigation associated with it has also consequently risen, according to a Moneycontrol report, which cited data compiled from various Union Budgets. Tax defaults in India skyrocketed by 1000% in the last ten years and associated litigation has also consequently risen How much tax default did India …

ITR filing: 'Over 5 crore returns filed so far this fiscal year', says Income Tax Department
4 months, 3 weeks ago

ITR filing: 'Over 5 crore returns filed so far this fiscal year', says Income Tax Department

India TV News  

The Income Tax Department on Saturday revealed that more than 5 crore Income Tax Returns have been filed on the e-filing portal so far this fiscal year. In a post on social media platform X, the IT Department said, "More than 5 crore ITRs for AY 2024-25 have already been received on the e-filing portal of the Income Tax Department …

India's 2024 Budget: A push for tax reform
5 months ago

India's 2024 Budget: A push for tax reform

India Today  

The 2024 Budget, scheduled for July 23, may see tweaks to key tax policies to boost government revenue — bold steps to tackle tax evasion and improve tax compliance. 1980: For every Rs 100 collected, Rs 11 came from income tax, Rs 12 from corporate tax, Rs 1 from other direct taxes, and Rs 76 from other indirect taxes. 2000: …

Corporate tax cut enriched billionaires by Rs 2 lakh crore; middle-class hit by heavy taxes: Congress
5 months, 1 week ago

Corporate tax cut enriched billionaires by Rs 2 lakh crore; middle-class hit by heavy taxes: Congress

New Indian Express  

NEW DELHI: With the personal income tax collections exceeding the corporate tax collections, the Congress alleged on Sunday that the corporate tax cut has put over Rs 2 lakh crore in the "pockets of billionaires," while the middle class continues to bear the weight of heavy taxation. The opposition party's attack on the government came a day after data released …

Congress to stage nationwide protest against income tax action, freezing of accounts
8 months, 3 weeks ago

Congress to stage nationwide protest against income tax action, freezing of accounts

Hindustan Times  

The Congress party on Friday announced to hold a nationwide protest on Saturday and Sunday at the party's state and district headquarters against the income-tax notices, the latest being of around ₹1,700 crore, which was sent earlier today. Read here: Congress gets ₹1,700 crore I-T notice in fresh setback ahead of Lok Sabha elections "In light of this egregious attack …

Income tax refunds: Taxpayers to get pending refunds for FY2020-21 by April 30. Check your email
9 months, 1 week ago

Income tax refunds: Taxpayers to get pending refunds for FY2020-21 by April 30. Check your email

Hindustan Times  

Income Tax: The Income Tax Department said that taxpayers who are still waiting for their tax refunds of FY2020-21 will get their payments by April 30. Income tax refunds: The Income-Tax department issues an intimation notice under Section 143 of Income-tax Act, 1961. Following a return request at the Centralised Processing Centre by a taxpayer within a specified period, the …

Income Tax: Small outstanding tax demands remitted. How to check your status?
10 months ago

Income Tax: Small outstanding tax demands remitted. How to check your status?

Live Mint  

The income tax department has announced that eligible outstanding direct tax demands have been remitted and extinguished. Withdraw tax demands It is worth remembering that the government proposed to withdraw outstanding direct tax demands dating to years and decades ago. There were some old disputed tax demands — dating back to 1962 — causing anxiety to the honest tax payers. …

Insurers under IT scanner, likely to receive tax notices worth ₹25,000 crore
10 months, 2 weeks ago

Insurers under IT scanner, likely to receive tax notices worth ₹25,000 crore

Live Mint  

Multiple insurance companies are expected to come under the Income Tax department's scanner for paying higher commissions to intermediaries and claiming higher deductions. All the income tax notices will be sent to the insurance companies which paid extra commission during the period, by March this year. Discrepancies emerged after multiple insurance companies paid extra commissions to agents and intermediaries over …

Robust revenues: On direct tax collection target and fiscal consolidation
11 months, 1 week ago

Robust revenues: On direct tax collection target and fiscal consolidation

The Hindu  

With little under a quarter left in the financial year 2023-24, the government has met nearly 81% of its direct tax collection target. Economists believe the exchequer’s net direct tax kitty will end up surpassing the Budget estimate of ₹17.2 lakh crore by about a lakh crore if not more, with the full-year growth settling at around 18%. Within direct …

Individuals, firms find wait for tax refunds is shorter: Survey
1 year, 1 month ago

Individuals, firms find wait for tax refunds is shorter: Survey

Live Mint  

New Delhi: Most of the individuals and firms find it convenient to claim income tax refunds and face shorter waiting periods for receiving the same, showed a private survey of over 3,500 respondents. The survey results presented to finance minister Nirmala Sitharaman on Wednesday showed that 87% of the individual respondents and 89% of the firms felt claiming income tax …

I-T dept. asks taxpayers to respond to intimation of past tax demands for faster refund processing
1 year, 3 months ago

I-T dept. asks taxpayers to respond to intimation of past tax demands for faster refund processing

The Hindu  

The Income Tax department on Saturday asked taxpayers to respond to its intimation regarding outstanding demands of previous years to facilitate faster clearance of refunds for the 2022-23 fiscal. With some taxpayers taking to social media about receiving intimation from the I-T Department regarding past unsettled tax demands, the department, in a post on ‘X’ said, this is a taxpayer-friendly …

CBDT processed 88 per cent ITR, refunds over Rs 2.45 crore issued till September 5
1 year, 3 months ago

CBDT processed 88 per cent ITR, refunds over Rs 2.45 crore issued till September 5

Firstpost  

“More than 6 crore ITRs of AY 2023-24 have been processed out of the verified ITRs as on September 5, resulting in processing of over 88% of the verified ITRs” CBDT said in a statement. The Income Tax Department has processed refunds of over Rs 2.45 crore for 6.84 crore verified Income tax returns, bringing down the average processing time …

Over 6 crore Income Tax Returns filed for 2022-23 fiscal: Government data
1 year, 4 months ago

Over 6 crore Income Tax Returns filed for 2022-23 fiscal: Government data

India TV News  

Income Tax Return: The Income Tax Department on Sunday shared that more than 6 crore tax returns have been filed for income earned in the 2022-23 fiscal. The last date for filing income tax returns for the previous year by salaried class and those who do not have to get their accounts audited is July 31. Giving statistics on the …

Income Tax Day 2023: Nirmala Sitharaman to lead the celebration today
1 year, 4 months ago

Income Tax Day 2023: Nirmala Sitharaman to lead the celebration today

Live Mint  

On the occasion of 164th Income Tax Day celebrations, Finance Minister Nirmala Sitharaman will join the celebration at Plenary Hall, Vigyan Bhawan, New Delhi on Monday. @nsitharaman will preside over the 164th Income Tax Day celebrations in the presence of Union Minister of State for Finance Shri @mppchaudhary, tomorrow, 24th July 2023, from 18.00 Hours IST onwards at Plenary Hall, …

Unless we get into technology, system cannot be taxpayer friendly: Finance Minister Nirmala Sitharaman
1 year, 4 months ago

Unless we get into technology, system cannot be taxpayer friendly: Finance Minister Nirmala Sitharaman

India TV News  

Finance Minister Nirmala Sitharaman on Monday addressed the 164th Income Tax Day event in Delhi. Over 5.16 cr declared zero tax liability: Sitharaman in Lok Sabha Earlier while speaking in the Lok Sabha today, the finance minister said number of entities, including individuals, who filed income tax returns increased by 6.18 per cent in 2022-23 to over 7.40 crore, of …

File ITR at earliest as govt not contemplating extension of July 31 deadline: Revenue secretary
1 year, 5 months ago

File ITR at earliest as govt not contemplating extension of July 31 deadline: Revenue secretary

India TV News  

As the finance ministry is not contemplating an extension of the July 31 deadline, Revenue Secretary Sanjay Malhotra has urged the income taxpayers to file their returns at the earliest. About 5.83 crore income tax returns were filed as on July 31 last year, the last day for filing returns for assessment year 2022-23. As per the Budget 2023-24, the …

Income Tax Department Warns Taxpayers of Penalties for False Refund Claims
1 year, 5 months ago

Income Tax Department Warns Taxpayers of Penalties for False Refund Claims

Deccan Chronicle  

Hyderabad: The income-tax department has appealed to taxpayers to rectify false claims of refund, if any, by filing revised returns for the current assessment year and updated returns for the previous assessment year. Explaining the revised and updated returns, Chief Commissioner Shishir Agarwal said tax payers who had already filed their returns by making false claims of refund could submit …

Tax Cases Weekly Round-Up: 4 June To 10 June, 2023
1 year, 6 months ago

Tax Cases Weekly Round-Up: 4 June To 10 June, 2023

Live Law  

Delhi High CourtDelhi High Court Directs Dept. To Reconsider Travelport UK’s Refund AdjustmentCase Title: Travelport International Operations Limited United Kingdom Versus Commissioner Of Income Tax International Taxation 3 N.Delhi & Ors.Citation: 2023 LiveLaw 506The Delhi High Court has directed the department to reconsider Travelport UK’s refund adjustment on the basis of. Rajasthan High Court ‘Pizza’ And ‘Sandwiches’ Are ‘Cooked Foods’: …

CBDT Notifies New Monetary Limits For Condonation Of Delay In Filing Refund Claim And Claim Of Carry Forward Of Losses
1 year, 6 months ago

CBDT Notifies New Monetary Limits For Condonation Of Delay In Filing Refund Claim And Claim Of Carry Forward Of Losses

Live Law  

The Central Board of Direct Taxes has issued new monetary limits in respect of condonation of delay in filing refund claim and claim of carry forward of losses under Section 119 of the Income-tax Act, 1961.The Principal Commissioners of Income-tax/Commissioners of Income-tax shall be vested with the powers of acceptance/rejection of applications/claims if the. The Central Board of Direct Taxes …

Direct tax receipts after refunds in FY23 grow 18%
1 year, 8 months ago

Direct tax receipts after refunds in FY23 grow 18%

Live Mint  

New Delhi: The government collected ₹16.61 trillion in direct taxes after refunds in FY23, a 17.6% improvement over takings in the preceding year, the Central Board of Direct Taxes said on Monday, quoting provisional figures. Gross direct tax collections for FY23 before adjusting for tax refunds stood at ₹19.68 trillion, a growth of 20.33%, CBDT said. Gross collections of direct …

Income-tax collections grow 20% in one year, nears ₹20 lakh crore mark
1 year, 8 months ago

Income-tax collections grow 20% in one year, nears ₹20 lakh crore mark

Hindustan Times  

NEW DELHI: The Union finance ministry on Monday reported over 20% year-on-year jump in gross direct tax revenue at ₹19.68 lakh crore for the financial year ending March 31, 2023, days after it declared about 22% annualised growth in Goods and Services Tax collections at ₹18.1 lakh crore, reflecting sustained growth in economic activities, better tax administration and ease of …

Net direct tax collection rises 16.8%, reaches closer to Budget target for 2022-23
1 year, 9 months ago

Net direct tax collection rises 16.8%, reaches closer to Budget target for 2022-23

The Hindu  

India’s net direct tax kitty had risen 16.8% to touch ₹13.73 lakh crore by Friday, reflecting a slight dip in growth over the past month but reaching within striking distance of the Budget target for this year, with three weeks still to go. The uptick in net Personal Income Tax collections continued to outstrip Corporate Income Tax flows, rising 20.73% …

India's net direct tax collections up 17% to Rs 13.73 lakh crore till March 10
1 year, 9 months ago

India's net direct tax collections up 17% to Rs 13.73 lakh crore till March 10

India Today  

The net direct tax collection for the fiscal year 2022-23 has so far grown by 17 per cent to reach Rs 13.73 lakh crore, which is 83 per cent of the revised target for the full financial year. The gross collections are 22.58 per cent higher than the gross collections for the corresponding period of last year, the Central Board …

CBDT Notifies ITR Forms For Assessment Year 2023-24
1 year, 10 months ago

CBDT Notifies ITR Forms For Assessment Year 2023-24

Live Law  

The Central Board of Direct Taxes has notified the ITR forms for the assessment year 2023–24.The Board has notified the Income-tax Rules, 2023, which shall come into force with effect from April 1, 2023.The Board has notified the Indian Income Tax Return Forms, namely ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4 SUGAM, ITR-5, ITR-6, and ITR-V, and the Indian Income Tax. The …

Tax Cases Weekly Round-Up: 18 December to 24 December 2022
1 year, 11 months ago

Tax Cases Weekly Round-Up: 18 December to 24 December 2022

Live Law  

Supreme Court Small Tax Effect: Monetary Limit To Prefer An Appeal Before The Supreme Court Is Rs. Bombay High Court Case Title: The Principal Commissioner of Income Tax Versus M/s. Bombay High Court Case Title: M/s Bhatewara Associates Versus Union Of India The Bombay High Court has condoned a year-long delay in filing the Income Tax Return over "genuine hardships." …

Govt is nudging tax evaders to file updated returns: Tarun Bajaj
2 years ago

Govt is nudging tax evaders to file updated returns: Tarun Bajaj

Live Mint  

The Union government has managed to increase revenue by encouraging taxpayers to file updated tax returns where the income tax department has intelligence about unreported income, revenue secretary Tarun Bajaj said, adding efforts to widen India’s tax base will continue. In an interview, Bajaj said that given the comparatively low tax-to-GDP ratio in India, the tax base has to continue …

Income Tax Return filing deadline today, taxpayers face technical difficulties
2 years, 1 month ago

Income Tax Return filing deadline today, taxpayers face technical difficulties

Firstpost  

Today is the last date for businesses to file their income tax returns for the assessment year 2022-2023. For the group of companies with the assessment year of 2022–2023, the Finance Ministry extended the deadline for filing an income tax return last month. For those whose accounts must be audited, the deadline for filing income tax returns has also been …

Direct tax collection rises by 30% to Rs 8.36 lakh crore
2 years, 3 months ago

Direct tax collection rises by 30% to Rs 8.36 lakh crore

Deccan Chronicle  

NEW DELHI: Gross direct tax collections grew 30 per cent to Rs 8.36 lakh crore till September 17 of current fiscal year on higher advance tax mop-up buoyed by the economic revival post pandemic, the finance ministry said on Sunday. After adjusting for refunds amounting to Rs 1.35 lakh crore, net direct tax kitty grew 23 per cent to Rs …

An income tax refund is not free money
2 years, 4 months ago

An income tax refund is not free money

Live Mint  

A total of 58.3 million income tax returns have been filed in assessment year 2022-23 up to 31 July. In fact, a press release put out by the ministry of finance on 1 August pointed out: “The e-filing portal…set… benchmarks on 31st July, 2022 including - highest per second rate of ITR filing: 570, highest per minute rate of ITR …

5.83 Crore Income Tax Returns Filed Till July 31, Record 72.42 Lakh On Last Day
2 years, 4 months ago

5.83 Crore Income Tax Returns Filed Till July 31, Record 72.42 Lakh On Last Day

ABP News  

New Delhi: A record 72.42 lakh income tax returns were filed on the last day of such filing on July 31, taking the cumulative returns to 5.83 crore, near to the same levels of last year. "The surge of filing ITRs peaked on July 31, 2022 with over 72.42 lakh ITRs being filed on a single day," an official statement …

Monthly Digest Of Tax Cases- April 2022
2 years, 7 months ago

Monthly Digest Of Tax Cases- April 2022

Live Law  

Indirect Taxes Supreme Court 1.Plea In Supreme Court Challenges The Constitutional Validity Of Levy Of GST On Lease/ Rent Payments Case Title: Myrayash Hotels Pvt. 2.Show Cause Notice Completely Deficient In Material Particulars: Delhi High Court Quashes GST Registration Cancellation Order Case Title: Fada Trading Private Limited Versus Commissioner Goods and Service Tax Citation: 2022 LiveLaw 328 The Delhi High …

Monthly Digest Of Tax Cases- March 2022
2 years, 8 months ago

Monthly Digest Of Tax Cases- March 2022

Live Law  

Supreme Court Case Title: Tata Steel Ltd Versus The State Of Jharkhand And Ors. Case Title : Jai Singh Goel Versus Chief Commissioner Of Income Tax Citation: 2022 LiveLaw 175 A Bench of the Delhi High Court, consisting of Justices Manmohan and Navin Chawla, has ruled that an application seeking compounding of the offence under Section 276CC of the Income …

Ericsson India to Get Rs 349-crore Tax Refund After HC Directs I-T Dept
2 years, 8 months ago

Ericsson India to Get Rs 349-crore Tax Refund After HC Directs I-T Dept

News 18  

Providing relief to Ericsson India, the High Court of Delhi has directed the income tax department to release a refund of Rs 349 crore which is related to the assessment year 2018-19, according to a report. The court set aside an order by the income tax department to withhold the refund to the company under Section 241A of the Income …

Taxpayers must not miss this Income tax department's ITR alert
2 years, 9 months ago

Taxpayers must not miss this Income tax department's ITR alert

India Today  

The Income tax department has an important update for taxpayers who have filed income tax returns. Out of the total, income tax refunds of Rs 65,938 crore have been issued in 2,07,27,503 cases. Corporate tax refunds of Rs 1,17,641 crore have been issued in 2,30,566 cases, Income Tax India tweeted. 1,17,641 crore have been issued in 2,30,566 cases," Income Tax …

ITR filing: Missed December 31 deadline? Here's what you can do
2 years, 11 months ago

ITR filing: Missed December 31 deadline? Here's what you can do

Hindustan Times  

The last date to file the Income Tax Return for the financial year 2020-21 was December 31. Nearly 5.89 crore income tax returns for the 2020-21 fiscal were filed on the new e-filing portal till the December 31 deadline. The last date to file revised income tax returns for assessment year 2021-22 is March 31, 2022. Nearly 5.89 crore income …

Over three crore income tax returns for FY21-22 filed: Ministry of Finance
3 years ago

Over three crore income tax returns for FY21-22 filed: Ministry of Finance

Firstpost  

An official document said, all taxpayers who are yet to file their income tax returns for the assessment year 2021-22 are requested to file their returns at the earliest to avoid the last-minute rush New Delhi: The finance ministry on Sunday said over three crore income tax returns have been filed for the financial year 2020-21 so far and advised …

CBDT Issues Rs 92,961 Cr Refunds to 63.23 Lakh Taxpayers
3 years, 2 months ago

CBDT Issues Rs 92,961 Cr Refunds to 63.23 Lakh Taxpayers

News 18  

The Income Tax Department has refunded more than Rs 92,961 crore to more than 63.23 lakh taxpayers till October 18 in the current financial year. “CBDT issues refunds of over Rs 92,961 crore to more than 63.23 lakh taxpayers from April 1, 2021 to October 18, 2021. This includes 32.49 lakh refunds of AY 2021-22 amounting to Rs 2,498.18 crore,” …

More than two crore ITRs filed on new income tax portal; CBDT urges taxpayers to file returns at earliest
3 years, 2 months ago

More than two crore ITRs filed on new income tax portal; CBDT urges taxpayers to file returns at earliest

Firstpost  

Asking taxpayers to file their income tax returns for fiscal 2020-21 at the earliest, the Central Board of Direct Taxes said all ITRs have been made available for e-filing. New Delhi: The income tax department on Thursday said more than two crore ITRs for the financial year 2020-21 have been filed so far and the performance of the new I-T …

Finance Ministry Extends Due Date For Filing Of Income Tax Returns (ITRs) For FY 2020-2021 To December 31
3 years, 3 months ago

Finance Ministry Extends Due Date For Filing Of Income Tax Returns (ITRs) For FY 2020-2021 To December 31

Live Law  

The Central Board of Direct Taxes today extended the due date of filing of income-tax returns and various reports of audit for the Assessment Year 2021-22 yet again and now, the new ITR filing deadline is December 31, 2021.Earlier, it was extended from July to September and now, the same has been extended to December 31, 2021.The same has been …

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