New Income Tax Act 2025 to prioritize simplicity and stakeholder engagement, says FM Nirmala SitharamanFinance Minister Nirmala Sitharaman announced the Income Tax Act 2025, replacing the 1961 Act with a simpler, more concise framework effect...
20 Mar, 2026, 07.40 PM IST
Govt flags backlog of 24.6 lakh ITRs pending beyond 90 daysMore than 24 lakh income tax returns remain unprocessed for over 90 days. This is out of nearly 8.80 crore returns filed for Assessment Yea...
10 Feb, 2026, 05.24 PM IST
Income Tax Department cautions taxpayers against rise in fake emails, SMS scamsThe Income Tax Department has issued a fresh public advisory cautioning taxpayers--especially senior citizens--against a growing number of ...
13 Dec, 2025, 03.57 PM IST
CBDT NUDGE 2: Over 25,000 taxpayers to receive alerts on foreign assets; Check details to avoid penaltiesThe CBDT has launched the second phase of its NUDGE initiative, sending SMS and email alerts to taxpayers with potential foreign asset and ...
27 Nov, 2025, 09.42 PM IST
Income Tax dept to send SMS/emails to 25,000 individuals for non-disclosure of foreign assetsThe Income Tax department has identified individuals who have not reported foreign assets in their income tax returns. These taxpayers will...
27 Nov, 2025, 04.34 PM IST
Bogus deduction claims: I-T searches 150 sitesThe Income Tax Department executed a nationwide search across 150 locations, targeting entities suspected of claiming fraudulent tax deduct...
14 Jul, 2025, 11.50 PM IST
Income tax dept's drive leads to Rs 29,208 crore foreign assets disclosureA nationwide drive by India's income tax department has resulted in taxpayers disclosing foreign assets worth ₹29,208 crore. Launched in No...
07 Mar, 2025, 12.44 AM IST
Data helps Taxman unearth foreign assets worth Rs 22,000 crThe Income Tax Department's drive against undisclosed foreign assets has revealed ₹22,000 crore. Launched last November, it identified tax ...
18 Feb, 2025, 12.55 AM IST
CBDT launches compliance-cum-awareness campaign for AY 2024-25 to assist taxpayers in reporting foreign assets and incomeIndia's Central Board of Direct Taxes (CBDT) has launched a campaign to help taxpayers accurately report foreign income and assets in their...
16 Nov, 2024, 11.13 PM IST
Over 34.84 lakh IT audit reports filed on e-filing portal up to Oct 7: FinminThe finance ministry reported over 34.84 lakh audit reports, including approximately 34.09 lakh Tax Audit Reports (TARs), were filed for AY...
09 Oct, 2024, 07.56 PM IST
Direct tax collection contracts in April-February period, at 8.13 lakh croreThe minister however noted, in a written reply in Lok Sabha, that indirect tax collections including goods and services tax (GST), clocked ...
16 Mar, 2020, 04.03 PM IST
- New political outift launches campaign seeking transparency in Bengaluru civic body's accounts
According to party's general secretary Srikanth Narasimhan: “The reason for us launching #LekkaBeku campaign is to create transparency and ...
20 Jan, 2020, 05.14 PM IST
Government extends GST annual return filing date to March 31, 2019“The requisite FORMs shall be made available on the GST common portal shortly. Relevant order is being issued,” said the statement.
26 Aug, 2019, 10.28 AM IST
Field offices should be one-stop solution for GST payers: CBECIndia ushered in Goods and Services Tax on July 1 which unifies 17 different taxes. It transforms India's USD 2 trillion economy and 1.3 bi...
06 Jul, 2017, 03.50 PM IST
GST enrolment to restart in a few weeks: FinMinThe enrolment process closed with effect from May 1 and the data of all those signed the enrolment form would be migrated to the new GST sy...
09 May, 2017, 08.15 PM IST
CBEC sanctions Rs 1 cr to each zone for GST outreachSpecial GST awareness campaign has been displayed through 12 Air India aircraft and TV advertisements, and radio jingles are being run on m...
15 Apr, 2017, 03.22 PM IST
PAN a must for excise, service taxpayers for GST registrationGST will subsume excise and service tax, and CBEC has initiated the process of migrating taxpayers through issuance of a provisional regist...
08 Jan, 2017, 02.26 PM IST