Extended ITR revision window, loss related updated return & more; 6 ways how revised ITR filing timelines in Budget 2026 will impact youMoving beyond rate-centric reforms, the government has focused on re-designing the compliance lifecycle spanning original filing, revision,...
NRIs' expectations from Budget 2025: 9 changes that NRIs want in income tax rulesThe simplification of ITR forms has been a welcome change for NRIs. However, e-verification of ITR form to successfully complete the filing...
Govt should prioritise review of Income Tax Act, get it passed as money bill: SBI ResearchSBI Research has called for a quick review of the Income Tax Act, urging that it be introduced as a money bill for faster passage. The repo...
Budget 2024: Rising aspirations of India's growing middle class awaits fiscal measures to redefine economic landscapeBudget 2024: The budget is expected to address the demographic reality of a growing middle class. As their numbers swell, there is anticipa...
Banks seek ITR access via NSDL to vet borrower infoLenders say large- and small-value loan customers have previously falsified data for expanding their borrowing limits. Last year, Can Fin H...
46 crorepati candidates in fray for phase-I of Chhattisgarh polls; AAP nominee leads with over Rs 40 cr assetsIn the upcoming Chhattisgarh assembly elections, the first phase will witness the participation of 46 'crorepati' candidates, indicating th...
ITR filings climb up by 90% in nine years to 6.37 cr in AY 2021-22: GovtThe income tax department reported that individual taxpayer I-T returns increased by 90% in 9 years to 6.37 crore in the 2021–2022 fiscal y...
Using social media to help taxpayersA major enabler has been CBDT's embrace of technology to not only simplify compliances but to also identify potential cases of tax evasion ...
Union Budget 2023: Buoyant tax collections cushion Govt on fiscal front, Income Tax Return reforms likely next yearIn the longer run, the government wants to do away with the complex old tax regime by establishing a new system, devoid of exemptions and d...
From scrapping retro tax law to record GST mop-up, 2021 a year of many firsts for revenue departmentWith tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country a...
Taxing no more: How India's tax system is slowly getting betterThe tax administration is making a steady but steadfast shift from being an enforcer to a facilitator, and from opaqueness to transparency....
Lok Sabha elections 2019: 427 crorepati candidates in the second phaseThe National Election Watch and ADR have analysed the self-sworn affidavits of 1,590 out of 1,644 candidates, who are contesting in the Lok...
Government notifies simplified ITR forms; e-filing to start from tomorrowThe e-filing facility for ITR-1 is enabled from April 1 and ITRs can be filed till the stipulated deadline of July 31.
More than half of Akhilesh's ministers have criminal records: surveyMore than half of Akhilesh's ministerial colleagues have criminal records, says a pre-election survey.
NSE deploys ITRS monitoring software to streamline operationsNSE has recently set up facilities that serve as a model for the securities industry in terms of systems, practices and procedures.
End obstructionism, FM Arun Jaitley tells opposition, announces some concessionsJaitley also promised to unveil soon an "extremely simplied" Income Tax Return (ITR) form for the assesses and camps to ensure expeditious ...
Disclose ITRs of Biju Janata Dal: CIC to Income Tax DeptBJD was not among the six political parties which were declared to be public authorities liable to answer queries under the RTI Act.