ITR Filing 2024: Today is the deadline for ITR filing. Taxpayers who have filed their returns and are due a refund can expect processing to take 15 to 45 days after e-verification. Refund status can be checked online using a PAN card on the Income Tax e-filing portal.
Akshay Kumar has been honoured with a letter of appreciation by the Income Tax Department after he became the highest taxpayer in the Hindi entertainment industry. The picture of the 'Samman Patra' is going viral on social media.
In a series of tweets, on the first death anniversary of former Finance Minister Arun Jaitley, the ministry said before goods and services tax (GST), the combination of value-added tax (VAT), excise, sales tax and their cascading effect resulted in high standard rate of tax up to 31 per cent.
Finance Minister Nirmala Sitharaman has reserved words of praise for the Income Tax department, complementing officers for being responsive to the needs of the taxpayers during the pandemic times by relaxing various compliance requirements and addressing the liquidity concerns of the taxpayers.
The amnesty-cum-dispute resolution scheme - Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 may be headed for limited success with many of the major taxpayers facing a fund crunch in settling the old cases.
Besides Dhoni, Nand Kishore Chaudhary and Uday Shankar Prasad were declared the second and third-highest individual taxpayers.
It is Congress who is responsible for increased NPA. Rahul Gandhi, Priyanka Vadra & Sonia Gandhi wanted to sabotage the taxpayer's money: Union Minister Smriti Irani
An unnamed taxpayer owed the government Rs 21,870 crore (over $3 billion) for the assessment year 2014-15, which was 11 per cent of the income tax to be paid by all Indians, according to 2016
The country can have a lower tax regime only when the tax payer base increases and tax evasion comes down, said Union Finance Minister Arun Jaitley on Saturday. Speaking at a function here Jaitley said
New Delhi: In a move to facilitate taxpayers through e-enabled services, the finance ministry on Tuesday said the income tax return for assessment year 2015-16 can now be verified electronically."A taxpayer may verify his return
Mumbai, Mar 29: The Government auditor CAG on Wednesday sought more powers for the constitutional body and said the common man has all the right to know how his tax money is being spent.“The legislature
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