Income Tax – News Portal

I-T Dept’s data analysis has nudged taxpayers to declare ₹30,298 crore of foreign assets, income

June 20, 2025June 21, 2025cpooldigitalLeave a Comment

[ad_1] A total of 24,678 taxpayers reviewed their ITRs and 5,483 taxpayers filed their belated return for the A.Y.2024-25. File. | Photo Credit: S. Siva Saravanan The Income Tax Department’s efforts to match data obtained from other countries, including Switzerland, with income tax returns (ITRs) filed in India has resulted in taxpayers reporting additional foreign […]

File belated Income Tax returns for FY 2021-22 by December 31 to avoid penal action

December 26, 2022December 26, 2022cpooldigitalLeave a Comment

[ad_1] Photo used for representational purpose only. File | Photo Credit: Freepik December 31, 2022, will be the last date for filing belated Income Tax returns for the financial year ended 31.3.2022 (assessment year 2022-23). Post December 31, it will not be possible to file the belated returns and it will attract additional liability, according […]

Government extends deadline for filing tax audit report till October 7

October 1, 2022October 1, 2022cpooldigitalLeave a Comment

[ad_1] The Income Tax Department has extended the due date for filing tax audit report for fiscal 2021-22 by 7 days till October 7. “On consideration of difficulties faced by the taxpayers and other stakeholders in the filing of various reports of audit for the Assessment Year 2022-23, Central Board of Direct Taxes (CBDT) has […]

Budget to reset tax laws to decriminalise sections in I-T, GST: Finance Ministry

September 28, 2022September 28, 2022cpooldigitalLeave a Comment

[ad_1] No compounding under GST yet due to steep penalties, may slash them to curb tax disputes: Finmin official No compounding under GST yet due to steep penalties, may slash them to curb tax disputes: Finmin official The Union Budget 2023-24 will include steps to decriminalise taxation laws, remove provisions in the Income Tax, GST […]

UT administration urged to provide assistance to flood affected people in Yanam

July 16, 2022July 16, 2022cpooldigitalLeave a Comment

[ad_1] Water level in the Godavari has hit the same levels it did in 1986 when a massive deluge swept the regions along the part of the river Water level in the Godavari has hit the same levels it did in 1986 when a massive deluge swept the regions along the part of the river […]

Taxpayers face issues accessing e-filing portal; Infosys taking measures, says IT department

July 3, 2022July 3, 2022cpooldigitalLeave a Comment

[ad_1] As taxpayers face issues in accessing the e-filing portal, the Income Tax department on Saturday said software provider Infosys is taking ‘proactive measures’ to deal with the ‘irregular traffic’ on the portal. “It has been noticed that taxpayers are facing issues in accessing ITD e-filing portal. As informed by @Infosys, they have observed some […]

3 Income Tax employees siphoned off crores through fictitious TDS refunds; CBI probes

June 26, 2022June 26, 2022cpooldigitalLeave a Comment

[ad_1] The scam surfaced when one of the assessing officers detected computation of refunds under section 154 of the I-T Act The scam surfaced when one of the assessing officers detected computation of refunds under section 154 of the I-T Act The CBI has started an investigation against three Income Tax department officials for allegedly […]