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Filing of Income Tax Returns registers an upsurge of 71% upto 31st August,2018

There has been a marked improvement in the number of Income Tax Returns (ITRs) filed during FY 2018 (upto 31/08/2018, the extended due date of filing)...

CBDT prescribes Norms to tackle TDS Mismatch and Other issues [Read Instructions]

4.21 Cr E-Returns filed in Financial Year 2016-17, says MoS Santosh Kumar Gangwar

Income Tax Returns must be filed by End of March in AY

Addition on the Basis of Estimation cannot be a Ground for imposing Penalty: ITAT Pune [Read Order]

CBDT again extends deadline of filing Income Tax return in Jammu & Kashmir to Dec 31st

In an order on 18th October 2016, the Central Board of Direct Taxes has again extended deadline of filing Income Tax return in the state of Jammu & Kashmir to 31st December 2016. The CBDT has...

Interest Paid on term deposits received Pension Fund & Provident Fund not subject to TDS; ITAT Chandigarh [Read Order]

The Income Tax Appellate Tribunal(ITAT), Chandigarh in a recent ruling held that No TDS is applicable in respect of interest paid on term deposits received from Punjab State Cooperative Bank Pension...

Income Tax Department to Notify New Income Tax Return Form within Two Weeks

The Finance Ministry is likely to notify the new income tax return forms for the AY 2016-17 by the first week of April which will be almost similar to the last year’s form. The tax department has been...