Income Tax News
Department clarifies E-filing of IT returns has increased 19 percent
07 May 2019 at 11:42There have been some incorrect reports in media pertaining to reduction in numbers of Income Tax Returns(ITR) e-filed during Financial Year(F.Y.) 2018-19 as compared to F.Y. 2017-18. This is factually untrue, because the figures for F.Y. 2017-18 and
CBDT Rectifies earlier notification amending Income Tax Form 16
06 May 2019 at 11:13MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 38/2019New Delhi, the 3rd May, 2019G.S.R. 347(E). - In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of
6 lacs less Income tax return filers in FY 2019 vis-a-vis FY 2018
04 May 2019 at 13:35After clocking steep growth rates over the last few years (an average of 25% in the three years to FY18), the number of taxpayers filing income-tax e-returns saw a marginal contraction in FY19. In FY19, only 6.68 crore returns were filed online, 1% l
ITR 2 for AY 2019-20 is now available for e-filing along with ITR-1 & 4
03 May 2019 at 11:18ITR 1, 2 & 4 for AY 2019-20 is now available for e-Filing. Other ITRs will be available shortly. The Forms can be downloaded as mentioned below: Form Description Software Form 1 (Equalisation levy) Statement of Specified Servic
Income Tax Department continues search action in J&K Region
26 April 2019 at 12:16Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 25th April, 2019Income Tax Department continues search action in J&K RegionIncome Tax Department conducted search and seizure operations at 5 loca
Amendment of Form 16 and Form 24Q
16 April 2019 at 18:08MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 12th April, 2019G.S.R. 304(E).—In exercise of powers conferred by sections 200 and 203 read with section 295 of the Incometax Act, 1961 (43 of 1
Taxman to go after 65,000 non-filers for 2016-17
10 April 2019 at 11:58The Income Tax Department will initiate recovery of tax along with penalty from approximately 65,000 assessees who deposited Rs.10 lakh or more in their bank account during demonetisation, but did not file return for the assessment year 2017-18 (fina
ITR-1 and ITR- 4 for AY 2019-20 are now available for e-filing
09 April 2019 at 20:55The all new ITRs - ITR-1 and ITR-4 are now available to file the online return for the FY 2018-19. The last date to file the return is 31st July 2019. Other returns will also be made live shortly.These ITRs are applicable for,ITR- 1Applicable for: I
IT officials conduct raid on 52 locations in 4 states
09 April 2019 at 11:23Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 8th April, 2019Brief highlights of the recent searches in NCR, Bhopal, Indore and GoaBased upon credible information of large scale collection, posses
Extension of the due date for furnishing report u/s 286(4) to 30th April 2019
09 April 2019 at 11:23F No 370142/17/2018 -IPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No.7/2019New Delhi, April 8, 2019 Order under section 119 of the Income-tax Act, 1961 Vide Notification in GSR 1217 (E) date
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