The order, signed by home secretary RK Gauba, authorises these agencies for interception, monitoring and decryption of any information generated, transmitted, received or stored in any computer. read more

Refunds worth Rs 1.23 lakh crore have been issued in the eight months of the current fiscal, which is 20.8 per cent higher than refunds issued in the same period last year. read more

The number of people filing income tax returns (ITR) has increased 50 per cent to 6.08 crore so far in the assessment year 2018-19 compared to the year-ago period, a top official said on Tuesday. read more

Quoting father’s name in PAN application won’t be mandatory: I-T department read more

CBDT Chairman Sushil Chandra said that the contribution of direct taxes to the total revenue kitty in the country is the highest and stands at 52 per cent at present. read more

“While 88,649 taxpayers had disclosed income above Rs 1 crore in assessment year 2014-15, the figure was 1,40,139 for AY 2017-18, which is a growth of about 60 per cent,” the CBDT said. read more

This is the second extension within a fortnight of the Central Board of Direct Taxes (CBDT), earlier extending the deadline for tax payers whose accounts have to be audited from September 30 to October 15. read more

So far, only poll affidavits of Lok Sabha and state assembly candidates that were submitted to the EC were sent to the CBDT read more

The new income tax return forms were notified early in April and taxpayers (whose accounts are not liable for audit) were allowed to e-file their ITRs till July 31 . read more

The Income Tax Department had observed a dedicated fortnight from June 1-15, which was later extended to June 30 in certain regions, to expeditiously clear pending matters of appeal effect and rectification. read more

“This facility is free of cost and instant allotment of e-PAN is available only for a limited period on first-come-first-serve basis for valid Aadhaar holders”, the income tax department said in an advisory. read more

ITR-2 is used by individuals and Hindu Undivided families (HUFs) who have income from any sources except income from profits and gains of business or profession, including NRIs read more

The proposed code, the draft of which will be ready by July, will take forward the unfinished agenda of lowering corporate tax rate to 25% for all businesses. read more

Ground realities also need to change, such as the staff at PAN card application centres need to receive clear directives on being sensitive towards transgender persons read more

Under current guidelines, an informer gets Rs 1 lakh as an instant reward if the tip-off leads to tax recovery. The rest of the reward money – 10% of the total tax liability with a maximum cap of Rs 15 lakh – is subject to the final settlement of the... read more