An assessee needs to mention his/her PAN in all communications with the I-T department and while entering into specified financial transactions.
It will be very difficult to say how things will pan out the next year but there is no room to say that good times only last for four quarters, J B Mohapatra...
Those with income above Rs 50 lakh face higher taxability due to surcharge and cess of at least 10 per cent.
Out of the refund amount, Rs 63,234 crore have been issued in almost 1.95 cases, whereas corporate tax refunds amounted to Rs 1,08,322 crore in 2,28,604...
The government has zeroed in on investors who make large investments in the crypto asset. Chairman of the Central Board of Direct Taxes J.B. Mohapatra says...
Out of 6.17 crore ITRs filed for the assessment year 2021-22 (FY2020-21), 48 per cent of these are ITR-1 (2.97 crore), nine per cent is ITR-2 (56 lakh), 13 per...
In September, the deadline for filing the income tax return was extended to December 31. This was the second instance when the deadline was extended.
CBDT has issued IT refunds of over Rs. 1,19,093 crore to more than 1.02 crore taxpayers from April 1,2021 to November 15,2021. This includes 67.99 lakh refunds...
Income tax refunds worth Rs 36,000 crore have been issued in approx 97.1 lakh cases and corporate tax refunds worth Rs 79,917 crore have been issued in 1.77...
Additionally, income tax refunds of Rs 27,965 crore have been in approx 76.2 lakh cases. Corporate tax refunds of Rs 74, 987 crores have been issued in about...