Moneycontrol PRO
you are here: HomeNewsTaxpayers
taxpayers
Jump to
44 Results Found
  • I-T department relaxes time till February 22 for taxpayers to complete verification of FY'20 ITRs Dec 29, 2021 11:12 AM IST

    I-T department relaxes time till February 22 for taxpayers to complete verification of FY'20 ITRs

    As per law, an income tax return (ITR), filed electronically without a digital signature, has to be verified electronically through Aadhaar OTP, or net-banking, or code sent through demat account, pre-validated bank account and ATM within 120 days of filing the return.

  • I-T department asks taxmen to accept applications till September 30 for settlement before Interim Board Sep 29, 2021 12:26 PM IST

    I-T department asks taxmen to accept applications till September 30 for settlement before Interim Board

    The 2021-22 Budget, through the Finance Act, amended the provisions of the Income-Tax Act, 1961 to provide that the Income-tax Settlement Commission (ITSC) shall cease to operate from February 1, 2021.

  • IT Department to launch new e-filing portal for taxpayers on June 7 May 20, 2021 12:59 PM IST

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

    An order issued by the systems wing of the department on Wednesday said the "transition" from the old portal -- www.incometaxindiaefiling.gov.in -- to the new --www.incometaxgov.in -- will be completed and made operational from June 7.

  • Budget 2020 | Govt expects 80% taxpayers to shift to new regime: Report Feb 05, 2020 09:24 AM IST

    Budget 2020 | Govt expects 80% taxpayers to shift to new regime: Report

    The belief stems from data analysis which showed that a number of individuals did not avail House Rent Allowance (HRA) or other investment deductions

  • Budget 2020 | More needs to be done for MSMEs and investors Feb 02, 2020 04:44 PM IST

    Budget 2020 | More needs to be done for MSMEs and investors

    In this special episode on Budget 2020, Moneycontrol’s Deputy Executive Editor Gaurav Choudhury explains why the market was disappointed with the announcements made by the finance minister

  • Friendlier I-T interactions in the works as dept eyes image makeover: Report Aug 19, 2019 01:48 PM IST

    Friendlier I-T interactions in the works as dept eyes image makeover: Report

    In the new approach, text messages similar to those used for TDS updates will be sent to taxpayers, rather than jargon-heavy, intimidating notices

  • Diclose deposits of Rs 2 lakh or more post note ban in new ITR Mar 31, 2017 04:41 PM IST

    Diclose deposits of Rs 2 lakh or more post note ban in new ITR

    Taxpayers who deposited Rs 2 lakh or more post demonetisation, will have to make this disclosure in the new Income Tax Returns (ITRs) forms notified today.

  • Finmin launches app to provide updates to taxpayers on GST Feb 23, 2017 07:14 PM IST

    Finmin launches app to provide updates to taxpayers on GST

    The Finance Ministry today launched a mobile app for Goods and Services Tax so as to provide updates to taxpayers on the new tax regime which is to be rolled out from July 1.

  • Tax benefits add a silver lining on insurance policies Feb 13, 2017 03:38 PM IST

    Tax benefits add a silver lining on insurance policies

    If you invest in a life insurance you can avail of two kinds of tax benefits. One is by way of availing a deduction from your taxable income and the other through gaining exemption from your total income.

  • Now, shed lethargy in filing tax returns, say experts Feb 13, 2017 02:22 PM IST

    Now, shed lethargy in filing tax returns, say experts

    There are many with income above basic exemption limit who do not file returns even though it is mandatory. However, stiff penalties proposed to levied in Budget 2017 for late filing would ensure that taxpayers file their returns in time.

  • Budget 2017: Delay in filing I-T returns to attract max penalty of Rs 10,000 Feb 01, 2017 10:12 PM IST

    Budget 2017: Delay in filing I-T returns to attract max penalty of Rs 10,000

    Taxpayers who do not file their Income Tax Returns (ITRs) on time will have to shell out a penalty of upto Rs 10,000, but from the 2018-19 Assessment Year (AY).

  • Excess tax paid? Here‘s how to claim a fast refund Nov 30, 2016 10:42 AM IST

    Excess tax paid? Here‘s how to claim a fast refund

    Getting your tax refunds in quick time can be easy if you understand the process.

  • CBDT to issue appreciation certificates to 10.15 lakh taxpayers Oct 25, 2016 06:20 PM IST

    CBDT to issue appreciation certificates to 10.15 lakh taxpayers

    The Income Tax Department on Tuesday said it will issue certificates of appreciation to an additional 10.15 lakh individual taxpayers for 2015-16 fiscal.

  • Salaried tax payers to get SMS alerts on TDS deductions Oct 24, 2016 07:48 PM IST

    Salaried tax payers to get SMS alerts on TDS deductions

    As many as 2.5 crore salaried tax payers will now receive SMS alerts from the Income Tax department regarding their quarterly TDS deductions.

  • Black money scheme has seen declarations 'beyond expectation' Sep 30, 2016 12:36 PM IST

    Black money scheme has seen declarations 'beyond expectation'

    The response to the government's Income Declaration Scheme (IDS) for black money has been "beyond expectations", DS Saksena, Principal Chief Commissioner of Income-Tax Department, said even as he did not outline any numbers.

  • Income Declaration Scheme: Govt extends deadline for payments Jul 14, 2016 06:19 PM IST

    Income Declaration Scheme: Govt extends deadline for payments

    In a notification, the Central Board of Direct Taxes (CBDT) allowed the taxpayers to make payments in three installments, with the final installment payable on or before September 30, 2017.

  • Taxpayers to experience a new way of tax collection Mar 16, 2016 02:50 PM IST

    Taxpayers to experience a new way of tax collection

    Tax collection at source aims to ensure that the various expenses made are included in the tax return and that there is a link that can be established.

  • Refrain from raising income tax exemption limits: Survey Feb 26, 2016 08:20 PM IST

    Refrain from raising income tax exemption limits: Survey

    The Economic Survey 2015-16, tabled in Parliament today, also called for a review and phasing out of the tax exemption raj that benefited the richer private sector and a "reasonable" taxation for better-off individuals.

  • Have you responded to Income Tax notice under section 245? Jan 01, 2016 03:31 PM IST

    Have you responded to Income Tax notice under section 245?

    It makes a lot of sense to quickly respond to the notices as it saves a lot of time and efforts in the process of paying tax.

  • Govt introduces bankruptcy bill in Lok Sabha Dec 21, 2015 01:19 PM IST

    Govt introduces bankruptcy bill in Lok Sabha

    At present, Asia's third-largest economy has competing laws with unclear jurisdictions to deal with the liquidation or revival of companies.

  • Online submission of Form 15G/15H to benefit taxpayers Oct 26, 2015 03:20 PM IST

    Online submission of Form 15G/15H to benefit taxpayers

    Online submission of 15H and 15G forms will offer a lot of convenience to the senior citizens. Also it will help tracking the errors, if any.

  • IT to roll out 'pilot' project for scrutiny assessment Oct 25, 2015 02:18 PM IST

    IT to roll out 'pilot' project for scrutiny assessment

    The Income Tax department will roll out next week its 'pilot' project to conduct scrutiny assessment in an e-environment when they begin sending queries through email to 500 "select" taxpayers without calling them to its offices.

  • Pay advance tax rather than annual returns: I-T Dept Oct 11, 2015 07:04 PM IST

    Pay advance tax rather than annual returns: I-T Dept

    As part of its latest drive to widen the tax base, the Income Tax department has asked traders and businessmen to pay advance tax rather than file annual returns at the end of the financial year so they can be added as new assesses promptly.

  • What if you miss IT return filing deadline of September 7? Sep 08, 2015 11:46 AM IST

    What if you miss IT return filing deadline of September 7?

    It is high time you file your income tax with utmost care. This will help you to get the refund, if any and also keep you in the good books of exchequer.

  • ICDS: Taxing standards for the tax-payers? Aug 07, 2015 08:33 PM IST

    ICDS: Taxing standards for the tax-payers?

    Some significant issues arising from specific ICDS are dealt in this article

Sections
ISO 27001 - BSI Assurance Mark