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Audit reports and other forms filed during the period is 1.60 cr as against 1.43 cr YoY

Record number of I-T returns filed for 2023-24; marks a rise of 9%

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More than 8 cr ITRs filed for the first time ever: I-T Dept On Monday, the Income Tax Department said that a record number of...
Number of returns filed have shot up across various tax slabs reflecting more robust revenue base

Income Tax compliance in India is on the upswing across slabs, says data

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ITR filings by taxpayers rise 90% in the last nine years Data released by the Income Tax Department shows that a healthy trend of increased...
Cong MLA told the media that the money received by CM’s daughter Veena doesn't reflect in her I-T returns or of her husband’s returns

Kerala Congress MLA raises concerns over credibility of I-T returns of CM Pinarayi Vijayan’s...

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Row erupts over Kerala CM's daughter's financial dealings First-time Congress legislator Mathew Kuzhalnadan raised concerns about the credibility of the Income Tax (I-T) returns of...
As many as 55,000 one-time cases were opened following a Supreme Court order

1 lakh notices sent over non-filing returns & misrepresentation of income, says FM Nirmala...

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Sitharaman says tax rates haven't gone up, but revenue has been rising steadily over the past three years Union Finance Minister Nirmala Sitharaman said that...
Taxpayers have to file the returns for 2022-23 with the assessment year being 2023-24

Deadline to file IT returns won’t be extended; Govt urges taxpayers to file returns...

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ITR: Govt not contemplating extension of July 31 deadline The government has urged taxpayers to file their income tax returns before July 31, 2023, to avoid...
As per the Finance Ministry data, the positive impact of demonetization led to an increase in tax compliance in the country

Demonetization led to seizure of Rs.900 cr, undisclosed income worth Rs.8,000 cr between Nov...

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Finance Ministry reveals the effects of demonetization on undisclosed income and black money The demonetization exercise has led to the seizure of Rs.900 crore, including...
Last year, direct tax collections stood at Rs.5.29 lakh crore, which was 30.17 percent higher than the net collections for the corresponding period of the previous year

Gross direct tax collections up 35.46% YoY in FY23; to touch Rs.6.48 lakh crore...

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Present collections are 37.24% of total budget estimates for 2022-23 Gross direct tax collections stood at Rs.6.48 lakh crore till September 8, which is 35.46...
Will Infosys put its best resources to meet the Sept 15th deadline to fix all open issues in the new Income Tax software?

Income Tax portal glitches: Finance Minister Nirmala Sitharaman sets Sept 15 as deadline for...

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FM Sitharaman gives time to Infosys till Sept 15 to fix glitches in new IT portal Finance Minister Nirmala Sitharaman on Monday gave an ultimatum...
CAIT pushes back on GST, compares it to the colonial taxation system, wants it scrapped

Traders’ body CAIT says GST has become colonial taxation system, not compatible with the...

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CAIT comes down heavily on GST system The biggest traders’ body, the Confederation of All India Traders (CAIT) came down heavily on the Goods and...
Will Infosys’s promise of fixing everything in a week’s time be fulfilled? Taxpayers want to know…

Infosys promises to rectify glitches in the new Income Tax portal within a week....

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Infosys promises to fix issues within a week With 15 days of continuing glitches in the new Income Tax portal, Tuesday’s meeting with Finance Minister...
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