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TAXPAYER STATISTICS
Tenant wins tax relief on Rs 38.62 lakh sale of landlord’s property, received for surrendering tenancy rights; know why ITAT Mumbai ruled in his favourA Mumbai tenant received tax relief after selling a property he obtained for surrendering his tenancy rights. The Income Tax Appellate Trib...- Mumbai man received tax notice over unreported income, not filing ITR; ITAT rules in his favour on TDS benefit, tax demand reducedManoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through t...
- Jeff Bezos, world's 4th richest man, couldn't stop talking about a nurse in Queens earning $75,000. Here's whyAmazon founder Jeff Bezos, also the world's fourth richest man, argued that low-income earners in the US should pay no taxes, citing a nurs...
- Warren Buffett: Why ‘risk’ doesn't mean what Wall Street says it meansIn a letter to shareholders, Warren Buffett declared war on one of finance's most sacred concepts: Beta. The academics had it backwards, he...
- Tax Day is here: IRS sending bigger refunds to more Americans this yearIRS tax refund 2026: Americans are receiving larger tax refunds this year. The average refund has reached $3,500, an increase of 11 percent...
- Extra time alert: 8 states allowed to file taxes after deadline — see if you are includedUS states with extended tax deadlines 2026: Tax Day 2026 is approaching for millions of Americans. The Internal Revenue Service has process...
- Income tax staff warn of nationwide agitation in April-May: 'Pushed to the brink’ over work pressure, delayed promotionsTwo major Income Tax Department employee associations, representing nearly 97% of the workforce, have warned of a seven-stage nationwide ag...
- LTCG tax hurting small investors? Why Budget 2026 should rethink capital gains reliefBudget 2026 might offer relief on long-term capital gains tax for lower-income individuals. Experts suggest targeted exemptions or investme...
- ITRs filed between April-June 2023 nearly doubles to 1.36 crThe number of income tax returns filed between April-June 2023 nearly doubled to over 1.36 crore over the previous year, indicating early f...
- FY22 ITR filing: About 34 lakh returns filed till 4pm on last dayGiving statistics of Income Tax Returns (ITR) filed on Sunday, the I-T department tweeted: "33,73,975 #ITRs have been filed up to 1600 hour...
- Resolution of IT portal issues being regularly monitored: Finance MinistryTaxpayers and professionals have reported glitches and difficulties in the portal since then. The ministry of finance said that has been re...
- GSTN enables composition taxpayers to file NIL statement through SMSComposition taxpayers can now file NIL statement in Form GST CMP-08 through SMS and without logging in to the GST portal.
- About 92% of large taxpayers filed annual returns for 2017-18: GSTNWith Goods and services tax launches on July 1, 2017, this is the first time when businesses registered under GST have to file annual retur...
- GSTN sharing data with taxmen on return mismatch, non payment of taxes: Shiv Pratap ShuklaGSTR-3B is the summary sales returns, while GSTR-1 is the final returns filed by taxpayers.
- Delayed release of electronic ITR forms may compel CBDT to extend the filing deadlineThe last date to file ITR is July 31, 2018 and almost a third of the time is over. The CBDT has not released the utility for filing of retu...
- GST Networks to analyse statistics of registered taxpayers“We would also be studying trends in various sectors - production types, or turnover for certain commodities such as steel or coal or anyth...
- How much tax do Indians pay?The Central Board of Direct Taxes has for the first time released granular statistics of the income-tax returns filed by taxpayers.
- I-T department publishes direct taxes related data for first timeThe department said the objective of publishing statistics was to encourage "wider use and analysis of Income Tax data by departmental pers...
- Tax Return Preparers must help reduce compliance cost for taxpayers: MoS Finance S S PalanimanickamThe primary objective of the TRP Scheme (TRPS) is to bring the convenience of tax filing to the doorsteps of taxpayers across the country.
- Pune has 16,000 millionaires nowPune, the emerging IT hub of India, now boasts of having at least 16,000 millionaires. If the statistics collated by the income tax departm...
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