Income Tax

Businesspersons worried over I-T department’s silence on ITR filing

April 27, 2021

Businesspersons worried over I-T department’s silence on ITR filing

The option to file returns with fine after deadline has been withdrawn

April 02, 2021
Govt notifies ITR forms for 2020-21, gives option to choose new tax regime

Keeping in view the ongoing crisis due to COVID pandemic and to facilitate the taxpayers, no significant change has been made to the ITR Forms in comparison to the last year's ITR Forms.
March 31, 2021
Deadline for linking Aadhaar with PAN extended to June 30

Along with this, date for issue of equalisation levy statement has also been extended to April 30.
March 25, 2021
I-T department at KIIFB office, inspects documents

The I-T department had sought details from KIIFB on the contractors, projects implemented in the last five years, amount handed over to contractors and tax details, among others.
March 25, 2021
You can claim tax deductions on these expenses

For an expenditure to be considered for reducing tax liability, it must have been incurred by the end of the financial year for which the tax calculation is being done.
March 04, 2021
IT dept raids properties linked to Anurag Kashyap, Taapsee Pannu, Vikas Bahl

The officials said the searches are part of a tax evasion probe and conducted at about 20 locations in Mumbai and Pune.
January 04, 2021
Income Tax sleuths record Robert Vadra's statement in Benami properties case

Besides the IT department, Vadra is being investigated by the Enforcement Department under the provisions of PMLA pertaining to allegations of money laundering in the purchase of a London-based property worth 1.9 million pound.

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