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ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small and medium taxpayers

The earlier last date for filing a revised ITR with late fees was December 31

New Delhi: The government on Tuesday extended till March 15 the deadline for corporates to file Income Tax returns for the fiscal ended March 2021. The deadline to file tax audit report and transfer pricing audit report for 2020-21 fiscal too has been extended till February 15. This is the third extension given for filing […]

New Delhi: The CBDT Saturday said the Income Tax Department has detected tax evasion worth crores of rupees in raids on a leading diamond manufacturer and exporter of Gujarat. The searches were launched on September 22 at 23 premises of the group, which is also in tiles manufacturing business, at Surat, Navsari, Morbi and Wankaner […]

The new rules that frame guidelines for computation of short-term capital gains (STCG) gives prescription for arriving at written down value (WDV) of intangible assets

The deadline for filing declaration under the scheme ended on March 31.

The refunds issued in 2020-21 marks an increase of almost 43.2 per cent, the I-T department said in a statement.

Mody is a 1982-batch Indian Revenue Service officer, was appointed as the CBDT chief in February 2019.

The action was carried out on February 26 and a total of 20 premises in Tamil Nadu, Gujarat and Kolkata were searched and surveyed, it said.