TopicIncome Tax Returns

Topic: Income Tax Returns

Income Tax return forms to have new column for crypto income from next year

PTI - 2 February, 2022

Revenue Secretary Tarun Bajaj said Wednesday that govt will charge 30% tax plus cess and surcharges from 1 April on cryptocurrency transactions as it treats winnings from horse races.

Income tax dept extends ITR verification deadline till February for FY20

PTI - 29 December, 2021

The CBDT said a large number of electronically filed ITRs for the Assessment Year 2020-21, still remain pending with the Income Tax department.

Over 4.67 cr ITRs filed till 27 December for fiscal year 2020-2021

PTI - 28 December, 2021

The last date for filing ITRs for 2020-21 by individual taxpayers is 31 December, extended from the original date of 31 July. A total of 15.49 lakh ITRs were filed on 27 December.

Govt extends deadline for filing income tax returns to 30 September

PTI - 20 May, 2021

The Central Board of Direct Taxes, citing pandemic as the reason for the extension, also deferred the ITR filing deadline for companies till 30 November.

IT dept to launch a new e-filing portal for taxpayers on 7 June

PTI - 20 May, 2021

The existing portal will not be available for a brief period of six days from 1 to 6 June to both the taxpayers as well as Income Tax department officials.

Modi govt tightening screw on IT dept a small win for taxpayer

Alok Prasanna Kumar - 19 February, 2021

In Budget 2021, the proposed changes to the Income Tax Act 1961 for tax collection are a welcome move.

All about tax returns by US presidents, and how Trump broke a 47-year-old custom

Pia Krishnankutty - 28 September, 2020

An NYT report Sunday revealed that US President Donald Trump paid only $750 as income tax in 2016 and 2017, and nothing in 10 out of the last 15 years.

Purchase of jewellery over Rs 1 lakh, Rs 20,000 hotel bills to come under I-T scanner

Remya Nair - 13 August, 2020

The move comes as the Modi government aims to widen the tax base by using data of high value transactions to look for tax evaders.

2019-2020 income tax returns deadline extended till 30 November 2020

PTI - 13 May, 2020

Finance Minister Nirmala Sitharaman also slashed TDS/TCS rates for non-salary payments to residents by 25 per cent.

I-T Return forms being revised to accommodate timeline extension due to Covid-19 crisis: CBDT

ANI - 19 April, 2020

Surabhi Ahluwalia, Official Spokespersons of CBDT, said the return filing utility will be made available by 31 May, 2020, to avail benefits for FY 2019-20.

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ThePrint Team - 28 May, 2021

Opinion

Indian law needs to account for women, make finance inclusive

Shreya Garg - 17 May, 2022

Indian women face multiple barriers in accessing finance in an equitable manner. Research suggests adding a gender lens to existing laws and financial products is crucial.