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The deadline for individuals to file ITRs for 2018-19 was August 31, 2019 and over 5.61 crore ITRs were filed.(MINT)

Over 4.84 crore ITRs for 2019-20 filed till December 31

By Press Trust of India| Posted by Susmita Pakrasi | New Delhi
PUBLISHED ON JAN 01, 2021 02:01 PM IST
ITR-7 (filed by persons having income derived from property held under trust) filings stood at 1.15 lakh till December 31, 2020.
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(HT Photo)
(HT Photo)

Property tax default: 5 properties sealed on Day 2 of MC’s drive

By HT Correspondent | Hindustan Times, Ludhiana
UPDATED ON DEC 16, 2020 12:47 AM IST
The Zone C team fined two property owners on GT Road 8 lakh
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In Ahmedabad zone alone, 11,048 GST registrations have been cancelled. In Chennai zone, 19,586 suo motu cancellations have been done so far in respect of GST taxpayers who have failed to file returns for more than six months.(PTI)
In Ahmedabad zone alone, 11,048 GST registrations have been cancelled. In Chennai zone, 19,586 suo motu cancellations have been done so far in respect of GST taxpayers who have failed to file returns for more than six months.(PTI)

Govt cancels GST registration of 163k biz entities over non-filing of tax returns

By Rajeev Jayaswal | New Delhi, Hindustan Times
UPDATED ON DEC 12, 2020 01:22 PM IST
To handle the menace of fake firms and circular trading entities, GST officials have cancelled 1,63,042 registrations in the month of October and November this year due to non-filing of GSTR-3B returns for more than six months
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The information sought in the tax return, experts said, is similar to the kind of details sought at the time of a tax scrutiny.(HT Photo)
The information sought in the tax return, experts said, is similar to the kind of details sought at the time of a tax scrutiny.(HT Photo)

Taxpayers have to disclose details of share sales in AY21

By Gireesh Chandra Prasad | Hindustan Times, Mumbai
PUBLISHED ON SEP 22, 2020 04:53 AM IST
A government official said the details are being sought as part of the income tax department’s goal of raising the level of disclosures.
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CBDT said under the e-campaign the taxpayers will be able to access details of their high value transaction related information on the designated portal.(REUTERS)
CBDT said under the e-campaign the taxpayers will be able to access details of their high value transaction related information on the designated portal.(REUTERS)

Drive on voluntary tax compliance from Monday

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON JUL 19, 2020 01:00 AM IST
The objective of the e-campaign is to facilitate taxpayers to validate their returns or financial transaction information available with the I-T department, online, and promote voluntary compliance so that they do not get into notice and scrutiny process.
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Under the e-campaign, the department will send emails and SMSes to identified taxpayers to verify their financial transactions that taxmen have received from various sources, it said.(Photo:Pradeep Gaur/Mint)
Under the e-campaign, the department will send emails and SMSes to identified taxpayers to verify their financial transactions that taxmen have received from various sources, it said.(Photo:Pradeep Gaur/Mint)

I-T dept to begin voluntary tax compliance e-campaign from Monday

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON JUL 18, 2020 08:11 PM IST
The objective of the e-campaign is to facilitate taxpayers to online validate their returns or financial transaction information available with the I-T department and promote voluntary compliance.
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This is an opportunity for the taxpayers to regularise their tax returns filed for various past years which had the risk of being considered as non-est for want of verification. (HT Photo)
This is an opportunity for the taxpayers to regularise their tax returns filed for various past years which had the risk of being considered as non-est for want of verification. (HT Photo)

CBDT allows taxpayers to regularise past I-T returns

By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON JUL 14, 2020 08:56 PM IST
This one-time relaxation is available to those taxpayers who could not get their tax returns validated from the assessment year 2015-16 to 2019-20, a finance ministry official said.
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It’s not always easy to know how each kind of income is taxed, and you may need an income tax calculator to develop an understanding.
It’s not always easy to know how each kind of income is taxed, and you may need an income tax calculator to develop an understanding.

Know your various kinds of income and how they are taxed

By By Adhil Shetty
UPDATED ON MAR 31, 2020 03:24 PM IST
Securing a safe financial future includes being on top of your taxes and knowing exactly how ech of your incomes are taxed.
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Homebuyers should be aware of home loan tax benefits before submitting their annual tax return.(Bajaj Finserv)
Homebuyers should be aware of home loan tax benefits before submitting their annual tax return.(Bajaj Finserv)

Home loan tax rebate: Have you claimed these tax benefits yet?

UPDATED ON JAN 31, 2020 11:18 AM IST
Under Section 80C of the Income Tax Act, borrowers can claim tax exemptions of up to Rs.1.5 lakh on the annual home loan principal repaid.
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Remember that it is the tenant’s duty to ascertain if the landlord is an NRI.(PTI (File photo))
Remember that it is the tenant’s duty to ascertain if the landlord is an NRI.(PTI (File photo))

Deduct TDS on rent if your landlord is an NRI

By HT Correspondent | Livemint
UPDATED ON AUG 27, 2019 02:38 PM IST
Failing to deduct TDS from an NRI landlord can also attract a penalty equal to tax not deducted under Section 271C of the Act
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Income Tax department is questioning the functioning of Durga Puja Committees and asking them to file tax returns.(HT Photo)
Income Tax department is questioning the functioning of Durga Puja Committees and asking them to file tax returns.(HT Photo)

I-T giving birth to tax terrorism: Adhir Chowdhury on notices to Durga Puja Committees

By Asian News International | Berhampore
UPDATED ON AUG 14, 2019 03:59 PM IST
Trinamool Congress, also protesting against the Centre for issuing income tax notices to several Durga Puja Committees in the city said that festivals should be exempt from tax.
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The penalty for filing your ITR late ranges from Rs 5,000 to Rs 10,000, depending on the delay and income tax due.(Illustration: Rushikesh Gophane)
The penalty for filing your ITR late ranges from Rs 5,000 to Rs 10,000, depending on the delay and income tax due.(Illustration: Rushikesh Gophane)

File your income tax returns or face penalties, jail time

By HT Correspondent | Hindustan Times, Mumbai, Mumbai
PUBLISHED ON JUL 23, 2019 02:35 PM IST
IIn case you fail to file your ITR altogether, the tax department can send you a notice and it can also lead to prosecution.
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You should cross-check all your investment and withdrawals and the TDS details before filing your returns so that you don’t miss out on any of the tax dues.(iStock Photo)
You should cross-check all your investment and withdrawals and the TDS details before filing your returns so that you don’t miss out on any of the tax dues.(iStock Photo)

Tax details you must look out for

By HT Correspondent | Mumbai, Mumbai
PUBLISHED ON JUL 23, 2019 02:34 PM IST
There are multiple reasons where you might miss out to mention your income or wrongly report the income.
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Yet to fill your tax returns? Take this quiz to clear all your doubts

By Test page, HT Brand Studio
UPDATED ON JUL 24, 2019 12:19 PM IST
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Aadhaar is an ideal identification tool given that 123 crore of the unique ID numbers have been generated so far in the country of 130 crore.(HT Photo)
Aadhaar is an ideal identification tool given that 123 crore of the unique ID numbers have been generated so far in the country of 130 crore.(HT Photo)

Aadhaar may replace PAN but is an ‘alternative for now’

By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON JUL 07, 2019 10:02 AM IST
Sitharaman spoke about the interchangeability of PAN and Aadhaar in her budget speech. “Mr Speaker, Sir, more than 120 crore Indians now have Aadhaar.
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Donald Trump bought 436 acres in upstate New York two decades ago.(AFP File Photo)
Donald Trump bought 436 acres in upstate New York two decades ago.(AFP File Photo)

Failed Donald Trump golf course turns into dilapidated state park

By Lynnley Browning | Bloomberg
UPDATED ON JUN 15, 2019 11:09 AM IST
Trump bought the wet, overgrown, tree-tangled parcels that sit miles off a state parkway beginning in 1998 for less than the current price of a two-bedroom condo in Trump Tower. But local leaders nixed the golf-course plans and his subsequent efforts to sell it to a homebuilding company faltered. So he gave it away.
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Senator Kamala Harris also released her returns on Monday. And others in the fray for the party’s presidential nomination, the largest Democratic field yet, are expected to follow in the coming days and weeks.(AFP FILE PHOTO)
Senator Kamala Harris also released her returns on Monday. And others in the fray for the party’s presidential nomination, the largest Democratic field yet, are expected to follow in the coming days and weeks.(AFP FILE PHOTO)

Bernie Sanders releases tax returns, he is a millionaire

By Yashwant Raj | Washington
UPDATED ON APR 16, 2019 08:54 PM IST
Sanders released his tax returns Monday that showed a gross adjusted family income — filing jointly with wife Jane Sanders — of $1.14 million in 2017 and $1.06 million in 2016, jumping up sharply from $240,610 in 2015, the year before his first run for the presidential ticket.
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U.S. Senator Kamala Harris and her husband reported more than $2 million in income on their 2018 federal tax return.(AFP)
U.S. Senator Kamala Harris and her husband reported more than $2 million in income on their 2018 federal tax return.(AFP)

Kamala Harris reports income over $2 million on return

By Bloomberg
UPDATED ON APR 15, 2019 10:29 AM IST
The California senator, one of 18 declared candidates for the 2020 Democratic presidential nomination, released 15 years’ worth of tax returns Sunday, dating back to when she first held elected office.
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People stand in queue to file their IT returns on last day of financial year outside Income Tax office at BKC, Bandra in Mumbai, India.(Hindustan Times file photo)
People stand in queue to file their IT returns on last day of financial year outside Income Tax office at BKC, Bandra in Mumbai, India.(Hindustan Times file photo)

Taxpayers will have to disclose more details in new income tax return forms

By Gireesh Chandra Prasad | Hindustan Times, New Delhi
UPDATED ON APR 06, 2019 09:22 AM IST
The new forms also require individuals to disclose more details about their residential status, such as the number of days spent in India and abroad, rather than giving a self-declaration on residential status.
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Every year, the taxman compiles a list of ingenuous excuses Britons give to miss the deadline — from dog eating the returns, arguments with wife lasting five years.(UKgov)
Every year, the taxman compiles a list of ingenuous excuses Britons give to miss the deadline — from dog eating the returns, arguments with wife lasting five years.(UKgov)

‘Witch’ mother-in-law to wife saw aliens: UK citizens find quirky excuses to delay tax returns

By Prasun Sonwalkar | Hindustan Times, London
UPDATED ON JAN 24, 2019 07:45 PM IST
Every year, the taxman compiles a list of ingenuous excuses Britons give to miss the deadline — from dog eating the returns, arguments with wife lasting five years.
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The logo of Infosys is pictured inside the company's headquarters in Bengaluru.(REUTERS)
The logo of Infosys is pictured inside the company's headquarters in Bengaluru.(REUTERS)

Govt clears Rs 4,242-cr income tax filing project, Infosys selected to develop system

By Amandeep Shukla | New Delhi
UPDATED ON JAN 16, 2019 11:48 PM IST
The government has selected information technology firm Infosys Ltd to implement the project after a competitive bidding process.
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Pakistani PM Imran Khan.(REUTERS)
Pakistani PM Imran Khan.(REUTERS)

Pakistan PM Imran Khan’s new problem: How to get people to pay taxes

By Reuters | Islamabad
PUBLISHED ON NOV 16, 2018 04:04 PM IST
Muhammad Hammad Azhar, one of the youngest ministers in Pakistan’s new government, is the latest in a long line of officials to face a problem that undermines his country’s development: getting people to start paying income taxes.
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Donald Trump has stated on numerous occasions that he received little help from his father, New York property developer Fred Trump, in building his fortune.(AP)
Donald Trump has stated on numerous occasions that he received little help from his father, New York property developer Fred Trump, in building his fortune.(AP)

Donald Trump helped parents dodge millions of dollars in taxes: Report

By Agence France-Presse | New York
UPDATED ON OCT 04, 2018 12:08 AM IST
United States President Donald Trump “participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents”, The New York Times said.
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An image of the Income Tax department portal.(File Photo)
An image of the Income Tax department portal.(File Photo)

Income Tax return filing deadline extended for Kerala taxpayers till September 15

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON AUG 29, 2018 09:11 AM IST
The deadline for filing income tax returns was extended because of floods in Kerala.
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(Photo: Shutterstock)
(Photo: Shutterstock)

ITR e-filing: How to prep for filing your income tax returns online

By Alisha Sachdev | Hindustan Times, New Delhi
UPDATED ON JUL 03, 2018 02:30 PM IST
Here’s a guide to help you step up to the income tax e-filing process, budget time for filing returns, and the documentation you will require.
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Union Finance and Defence Minister Arun Jaitley address a programme before the start of GST Delhi Sambodhan organized by the Delhi.(Sonu Mehta/HT PHOTO)
Union Finance and Defence Minister Arun Jaitley address a programme before the start of GST Delhi Sambodhan organized by the Delhi.(Sonu Mehta/HT PHOTO)

One year of GST: A timeline of events which led to the country’s biggest tax reform

By Alisha Sachdev | Hindustan Times, New Delhi
UPDATED ON JUL 01, 2018 11:30 AM IST
The GST regime we see today has evolved over more than a decade of discussion, deliberation and debate. A look through the long journey of GST’s coming into being.
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Tax department employees help government employees to help file their Income Tax Returns (ITRs).(Pradeep Gaur/Mint)
Tax department employees help government employees to help file their Income Tax Returns (ITRs).(Pradeep Gaur/Mint)

Never filed your income tax return before? Don’t lose time and start now

By Alisha Sachdev | Hindustan Times, New Delhi
UPDATED ON JUN 28, 2018 11:27 AM IST
Failure to file your income tax returns may have serious monetary and legal consequences. No matter one’s past record, it is never too late to start filing income tax returns.
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Indian professionals protest against allegedly UK visa rules, outside UK Parliament in London on Wednesday.(PTI)
Indian professionals protest against allegedly UK visa rules, outside UK Parliament in London on Wednesday.(PTI)

30,000 people sign petition in support of Indian professionals denied UK visas

By HT Correspondent | Press Trust of India, London
UPDATED ON MAY 17, 2018 03:13 PM IST
Over 1,000 Indian doctors, lawyers, engineers and other professionals face deportation reportedly over minor flaws in their tax returns.
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(Representative photo)
(Representative photo)

Indians among key UK visa victims seeking change under Sajid Javid

By Prasun Sonwalkar | London, Hindustan Times
UPDATED ON MAY 03, 2018 12:10 AM IST
On Wednesday, hundreds of Indian professionals – such as IT experts, teachers and solicitors – joined the third such public protest outside Parliament since January against what they called “inhumane” policies preventing their stay in the UK.
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Deepak Kochhar, founder and CEO and manging director of NuPower Renewables Pvt. Ltd.(File Photo)
Deepak Kochhar, founder and CEO and manging director of NuPower Renewables Pvt. Ltd.(File Photo)

I-T dept issues second notice to Deepak Kochhar

By P Suchetana Ray | Hindustan Times, New Delhi
UPDATED ON APR 12, 2018 11:23 PM IST
The notices dovetail with a Central Bureau of Investigation preliminary enquiry concerning a suspected quid-pro-quo in a loan extended by ICICI Bank to the Videocon Group in 2012, and Videocon chairman Venugopal Dhoot’s investment (and subsequent transfer of ownership) in a company co-founded by him and Deepak Kochhar.
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