Income Tax Department of India: News

09 Apr 2019

India

#FinancialBytes: New income-tax return forms released; Here's everything to know

The Central Board of Direct Taxes (CBDT) released new income tax return (ITR) forms for the Assessment Year 2019-20.

Today is last date to link Aadhaar with PAN

Today is the last date to link your Aadhaar with PAN.

30 Mar 2019

India

#FinancialBytes: 5 lesser-known facts about PAN card everyone should know

The Permanent Account Number (PAN) card has become one of the most essential documents to have.

29 Mar 2019

India

Haven't linked Aadhaar and PAN yet? Do it now!

The Income Tax Department has been urging all taxpayers to link their Aadhaar with PAN for a long time now.

26 Mar 2019

Narendra Modi

68 artworks owned by billionaire Nirav Modi up for auction

68 artworks, owned by fugitive billionaire Nirav Modi, which are at display for preview in Mumbai's JK Banquet, are set to go on auction today.

22 Mar 2019

India

Link your Aadhaar with PAN today: Income Tax Department

The Income Tax Department has again urged all taxpayers to immediately link their Aadhaar with PAN.

21 Mar 2019

India

#FinancialBytes: What is the difference between PAN and TAN?

Two of the most important documents for taxpayers and tax-collectors in India are the Permanent Account Number (PAN) and the Tax Deduction and Collection Account Number (TAN).

13 Mar 2019

India

#FinancialBytes: 5 lesser-known facts about PAN card everyone should know

The Permanent Account Number (PAN) card has become one of the most essential documents to have.

12 Mar 2019

India

How to apply for PAN using your Aadhaar card

Permanent Account Number (PAN) is a unique, ten-digit alphanumeric identity issued by the Income Tax Department to all taxpayers in India.

08 Mar 2019

India

#FinancialBytes: What is Form-16? Here's everything you need to know

Almost every salaried individual must have heard of Form 16, which is an important document in the e-filing of income tax returns.

28 Feb 2019

Jammu And Kashmir

Hard disks, undisclosed expenditure found in terror funding raids

On Wednesday, income tax officials carried out raids on seven places spread across Delhi and Jammu and Kashmir, belonging to the "head of a prominent organization and his associates" who have allegedly been conducting "anti-national" activities.

26 Feb 2019

India

#FinancialBytes: How NRIs can apply for PAN card in India

Permanent Account Number (PAN) is a unique, ten-digit alphanumeric identity issued by the Income Tax Department to all tax-paying individuals and organizations in India.

24 Feb 2019

India

#FinancialBytes: What is the difference between PAN and TAN?

Two of the most important documents for taxpayers and tax-collectors in India are the Permanent Account Number (PAN) and the Tax Deduction and Collection Account Number (TAN).

23 Feb 2019

India

Important rules about PAN card you must know

Permanent Account Number (PAN) is a unique, ten-digit alphanumeric identity issued by the Income Tax Department to all taxpayers in India.

CBDT chairman Sushil Chandra appointed as new chief election commissioner

Sushil Chandra, the current chairman of the Central Board of Direct Taxes (CBDT), has been appointed as the next chief election commissioner.

13 Feb 2019

Kerala

Karol Bagh hotel fire: Three members of same family died

A Kerala family which came to Delhi to attend a wedding, and was hoping to visit Haridwar, lost three members after the hotel they were staying at caught a massive fire.

08 Feb 2019

Tamil Nadu

Income tax raid: Officials find cash, gold, diamonds in graveyard

On Friday, Income Tax officials who had been searching retail giants Saravana Stores and realty firms Lotus Group and GSquare premises in Chennai and Coimbatore for more than a week came across a massive find.

01 Feb 2019

Piyush Goyal

#Budget2019: What are the income-tax changes proposed in Interim Budget?

Ahead of the upcoming Lok Sabha elections, acting Finance Minister Piyush Goyal, while presenting the Interim Budget, proposed several changes to the tax structure to provide relief to the salaried middle class.

29 Jan 2019

Bollywood

Charges dropped against Shah Rukh in benami Alibaug property case

Bollywood actor Shah Rukh Khan has been absolved of the charge of being a beneficiary of a benami property in Alibaug, Maharashtra.

03 Jan 2019

Chennai

Chennai: I-T department raids four restaurant chains, including Saravana Bhavan

On Thursday morning, the Income Tax Department initiated raids against four popular restaurant chains in Chennai, including the world-famous Saravana Bhavan, for alleged tax evasion.

#FinancialBytes: Important financial deadlines to watch out for in 2019

Staying on top of key financial deadlines is essential to avoid penalties and have an organized financial life.

25 Dec 2018

India

#FinancialBytes: 5 lesser-known facts about PAN card everyone should know

The Permanent Account Number (PAN) card has become one of the most essential documents to have.

18 Dec 2018

Aadhaar Card

Know how to apply for a PAN card online

Whether you are thinking of getting a debit/credit or buying a property or opening a savings bank account, there is one document that you will need for each of these activities. And that document is the Permanent Account Number (PAN) card.

#FinancialBytes: Important financial deadlines to watch out for in 2019

Staying on top of key financial deadlines is essential to avoid penalties and have an organized financial life.

09 Dec 2018

Bihar

Sharad finds Lalu's benami wealth legitimate: Sushil Kumar Modi

Bihar Deputy-CM Sushil Kumar Modi has claimed that Loktantrik Janata Dal founder Sharad Yadav is siding with the RJD as he finds nothing wrong in the alleged benami properties owned by its president Lalu Prasad's family.

08 Dec 2018

India

#FinancialBytes: Best ways for salaried individuals to save on tax

Many taxpayers are often worried or confused about saving on income tax. Salaried individuals, especially, try to find tax-saving investment options to reduce tax liability every year.

07 Dec 2018

Aadhaar Card

Know how to apply for a PAN card online

Whether you're thinking of getting a debit/credit or buying a property or opening a savings bank account, there is one document that you will need for each of these activities. And that document is the Permanent Account Number (PAN) card.

05 Dec 2018

India

#PANCardRules: New PAN rules come into effect today; Details here

The Income Tax Department has introduced some important amendments to the Permanent Account Number (PAN) card rules effective from 5 December 2018.

#FinancialBytes: Income tax deductions taxpayers can claim under Section 80C

Income tax accounts for a major part of the government's revenue and salaried individuals form a significant chunk of the overall taxpayers.

27 Nov 2018

India

#FinancialBytes: What is income-tax refund and how to claim it?

Every year, crores of taxpayers across India file their Income Tax Returns (ITRs). However, when it comes to income tax refund, many are still ignorant about the same.

26 Nov 2018

PAN Card

New PAN card rules will come into effect from December

In a bid to prevent tax frauds, the Income Tax Department has come up with new rules on PAN cards.

22 Nov 2018

eBay

I-T Dept issues notices to Sachin, Binny Bansal over Flipkart-Walmart-deal

Flipkart founders Sachin Bansal and Binny Bansal have been issued notices by the Income Tax Department, asking them to disclose their total earnings arising out of Walmart-Flipkart deal.

20 Nov 2018

West Bengal

Naidu meets Mamata, announces postponement of Opposition conclave

Andhra Pradesh CM and TDP President, N Chandrababu Naidu, yesterday announced the postponement of an opposition conclave that was to meet in Delhi on November-22 to chalk out details of the proposed anti-BJP front.

13 Nov 2018

India

#FinancialBytes: What is Form 26AS and how to view/download it?

The Form 26AS, also known as Tax Credit Statement, is one of the important documents required for filing Income Tax Returns.

07 Nov 2018

Mumbai

Delhi airport: Two women arrested for smuggling gold worth Rs.42L

On Tuesday, two women travelling to Mumbai from Delhi were apprehended by airport security at Delhi's Indira Gandhi International Airport (IGIA) for trying to smuggle gold worth Rs. 42 lakh in a shoe.

04 Nov 2018

Himachal Pradesh

75 lakh new tax-filers added to IT net this fiscal

About 75L new tax filers have been added to the income tax payers list in the country this fiscal till now.

01 Nov 2018

Aadhaar Card

Know how to apply for a PAN card online

Whether you're thinking of getting a debit/credit or buying a property or opening a savings bank account, there is one document that you will need for each of these activities. And that document is the Permanent Account Number (PAN) card.

27 Oct 2018

Narendra Modi

SK Mishra appointed new ED chief; Karnal Singh retires

IRS officer Sanjay Kumar Mishra was today appointed the new Chief of the Enforcement Directorate (ED) in an additional capacity.

25 Oct 2018

Tamil Nadu

Tax evasion: IT Department raids 100 places in TN, AP

The Income Tax Department on Thursday launched multiple raids at over 100 locations in Tamil Nadu and Andhra Pradesh as part of a tax evasion probe against mining and mineral export companies.

21 Oct 2018

India

Know how to apply for a PAN card online

Whether you're thinking of getting a debit/credit or buying a property or opening a savings bank account, there is one document that you will need for each of these activities. And that document is the Permanent Account Number (PAN) card.