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FinMin plans 100% I-T e-refunds

Soon, income tax refunds will be quick and hassle-free, if the finance ministry has its way.The ministry plans to make all refunds directly to the taxpayer’s bank account.A permanent account......

Delhi to have 264 counters for filing I-T returns

The income tax departmentsaid on Monday it would open 264 special counters from July 21-31 in New Delhi and national capital territory region, to accept returns from individual taxpayers. "The......

Filing tax returns? Fill in a new form this time

Taxpayers will have to fill in a new form, Saral-II, this tax-filing season. The form, introduced by the Central Board of Direct Taxesin April, is supposed to make filing tax returns easier. The......

Know all about MICR code

Earlier this month there was some newspaper reports about how a reputed bank in Bengaluru identified fake demand drafts (DD), and alerted the police. In this case the bar codes in the fake DDs......

No more filing returns at post offices

The income tax department is planning to withdraw a facility introduced last year for filing tax returns at around 2,000 post offices, owing to incomplete and inaccurate returns. Nearly 350,000......

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