हिंदी में पढ़ें
Income Tax Calculator
Personal Loan Calculator
Car Loan Calculator
Home Loan Calculator
MF Returns Calculator
Income Tax Department News
Income Tax Department
Earn Rs 5 cr! Join fight against benami transactions, black money, get paid big amounts
Fri, Jun 01, 2018
With the objective of obtaining people’s participation in the Income Tax Department’s efforts to unearth black money and to reduce tax evasion, the department has announced a reward of Rs 1 crore and even Rs 5 crore for providing information about benami transactions and properties, income earned on such properties by hidden investors as well as on black money stashed abroad.
What is PAN and why is it important for an income tax returns filler?
Sat, May 19, 2018
What is PAN? Permanent Account Number (PAN) is a 10-digit alphanumeric number, issued by the Income Tax Department. PAN enables the Income-Tax Department to link all transactions of a person with the department.
How to cancel PAN card in 5 easy steps
Wed, May 16, 2018
Has your credit card or loan application been rejected? One reason could be two PAN cards against your name and lenders see this as an indicator of fraud, denying you loans or even credit card.
Income Tax Return (ITR) filing: Are you planning to file ITR 1 form? here's how to do it
Mon, May 14, 2018
Individuals earning income up to Rs 50 lakh are supposed to file ITR 1 form. Other ITR forms will be available shortly.
Income tax returns (ITR) filing: Have you received I-T dept notice? Safeguard yourself; here is how
Sun, May 13, 2018
Few reasons why we receive income tax notice is due to not filingIncome tax returns (ITR), mismatch in tax rate, high value transactions or scrutiny notice. So, is it time to panic? Find out.
Income tax returns (ITR) filing: What is tax evasion and how you can get into trouble
Sat, May 12, 2018
Income tax returns (ITR) filing: What is tax evasion? To ensure that you do not get into trouble inadvertently, you must get to know what this phrase is all about. Paying taxes is the duty of every citizen and under no circumstances should anyone stray from that fact.
How many crorepati in India? 59,830, says the Income Tax dept
Fri, May 11, 2018
Income Tax department for tax assessment year 2015-16 showed that individuals with over Rs 1 crore of declared income rose 23.5 per cent to 59,830, but there has been a deterioration in income.
Income Tax raids in Kanpur: Rs 70 cr tax evasion detected:
Thu, May 10, 2018
The Income Tax (I-T) department unearthed tax evasion to the tune of Rs 70 crore after conducting raids on 15 places in Kanpur and Unnao districts of Uttar Pradesh belonging to two prominent companies owning tanneries and manufacturing leather goods.
Income Tax Returns filing: What happens when you file wrong ITR?
Tue, Apr 24, 2018
ITR Filing: In case the assessee has filed his Income Tax return (ITR) with errors then the person is granted an opportunity to file a revised ITR in view of the provisions of section 139(5) of the Income Tax Act, 1961, within the prescribed time limit, i.e. 1 year from the end of the relevant assessment year
Income tax returns (ITR) filing: How to file tax online with new ITR-1 form for AY 2018-19; step by step guide
Sat, Apr 21, 2018
Income tax returns (ITR) filing: The Central Board of Direct Taxes (CBDT) had made changes in ITR forms that including ITR 1 also.
ATM cash crisis: Problem severe, Income-Tax dept roped in by government
Wed, Apr 18, 2018
This comes amid reports of an unusual spike in cash in the ATMs in many parts of the country. The finance ministry will ask the I-T department to probe all the large withdrawals made in the past three months. "There has been a mismatch in withdrawals and deposits made with the banks in last 2-3 months. The taxman will probe who all withdrew large sums," sources said
Income Tax Returns (ITR) filing: Check out in brief, the new ITR 2018-19
Mon, Apr 09, 2018
Income Tax Returns (ITR) filing: The new ITR 2018-19 form is here. Some fields in the new ITR form for have been rationalised and it shows that the Income Tax Department wants to know a little bit more about you
Two Navjot Singh Sidhu bank accounts seized by Income-Tax Dept
Fri, Mar 30, 2018
Navjot Singh Sidhu, former cricketer-turned-TV personality, who is currently the tourism minister of Punjab is back in the news and this time for all the wrong reasons. The Income Tax department has seized two of his bank accounts for failing to present bills of expenditure shown in his tax returns filed for FY15, and reportedly has dues amounting to over Rs 52 lakh against him.
Cognizant bank accounts frozen; here is why Income Tax department launched crackdown
Wed, Mar 28, 2018
Cognizant failed to pay the tax of more than 25 billion rupees ($385 million) in the 2016-17 financial year, the Hindu newspaper reported, citing officials from the tax department.
Income tax returns (ITR) filing: Not filed returns for 2 years? Beware! Deadline nearing
Tue, Mar 20, 2018
Income tax returns (ITR) filing: March 31, 2018 is the last date for taxpayers in filing ITR for the assessment year 2016-17 and 2017-18.
Income Tax Returns (ITR) filing top hack: How you can gift and still save tax on top of HRA, tuition fee, more
Tue, Mar 13, 2018
Income Tax Returns (ITR) filing: When you use gift as a tool to save the income tax, then you need to be very careful. If you make any mistake in understanding the provision, then it could result in clubbing of income and you may need to pay tax on such transaction. You must discuss with your tax advisor/CA before using the ‘gifting’ provision to save the tax.
Rs 3,200 cr TDS scam; These 447 companies looted employees; Income-Tax dept cracks whip
Tue, Mar 06, 2018
TDS scam came to light after the Income-Tax department initiated prosecution against these firms and issued warrants in some cases. The anomalies were traced during the investigation between April 2017 and March 2018
How to file income tax returns (ITR): With this 10 point step by step tax guide, you just can't go wrong
Sat, Mar 03, 2018
How to file income tax returns (ITR) continues to be one of the most asked questions and news about tax acquires prominence in daily conversation.
Income tax returns (ITR) filing: 12 power points to ensure you never get a call from taxman
Fri, Mar 02, 2018
Income tax returns (ITR) filing is one of the biggest duties of a citizen that should be followed religiously every year. Having said that, the process can be confusing and cumbersome for many.
Income tax returns (ITR) filing: Which income tax form to use; all you want to know in short and precise manner
Thu, Mar 01, 2018
Income tax returns (ITR) filing: In case you missed the deadline of July 31, 2017 to file your income tax return for the financial year ended March 31, 2017, you have the last chance to file the same belatedly by March 31, 2018 without any penalty.