As per the latest data, the number of taxpayers getting refunds is up by 62 per cent from 1.22 crore refunds in the corresponding period of the last fiscal.
Guide to the new income tax return, ITR, forms Sahaj and Sugam to help you identify which ITR form to pick for filing your tax return in 2011.
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At present, two options are available for taxpayers to e-file ITR, either e-file ITR by affixing digital signature or without affixing digital signature.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
The total number of returns filed as on August 5 stands at over 2.82 crore as against over 2.26 crore filed during the corresponding period of 2016-17
In the era of e-filing, small mistakes lead either to delayed or complete denial of income tax refunds. So, avoid these 5 common mistakes that could lead to delay in refunds.
The Prithvi-II missile has already been inducted by the armed forces and is handled by the army units attached to the strategic force command's special group.
The probe into alleged tax evasion and holding of directorship in multiple firms against the former banker pertains to a time period between 2015-17, they said.
The simplified form will comprise details of taxpayers' mutual fund transactions, pending and completed income tax proceedings, status of income tax demand, besides tax deducted at source and tax collected at source. Form 26AS is an annual tax credit statement containing details of various taxes deducted on income.
IT major Infosys on Thursday acknowledged that some users continue to experience difficulties in accessing the income tax portal and assured that it is working expeditiously, in collaboration with the income tax department to further streamline end-user experience.
There are some solid reasons for acquiring a PAN card (if you don't have one) and filing your ITR within the due date, which is 31st July every year.
Though the system is called faceless, it would have a room for inviting tax payers through video conferencing.
The surface-to-surface missile was test-fired from a mobile launcher at about 0830 hrs from launch pad-4 of the Integrated Test Range (ITR) at Wheeler Island, about 100 km from Balasore in Odisha, defence sources said.
The tax department will remain a source of endless nightmares for citizens and 'transparent taxation' will remain an empty slogan and a cruel joke, observes Debashis Basu.
Finance Minister Nirmala Sitharaman on Monday conveyed to Infosys CEO Salil Parekh in no uncertain terms the government's "deep disappointment and concern" over the continuing glitches in the new income tax filing portal and set September 15 as the deadline for the software major to resolve all snags. As glitches continued to mar the functioning of the portal even after over two months of its launch, Sitharaman summoned Infosys MD & CEO Parekh at her office here to know the reasons for not resolving the snags in the portal. A statement issued by the Income Tax Department said that during the meeting the finance minister emphasised that there is a need for putting in more resources and efforts on the part of Infosys so that the much delayed delivery of agreed services is ensured.
This was the fifth experimental test of the homegrown missile system.
"The sophisticated surface-to-surface missile was flight tested at around 1100 hours from a mobile launcher at ITR's launch complex-3 as part of an operational exercise," defence sources said.
India on Friday successfully test-fired the new surface-to-air missile, developed jointly with Israel, with a strike range upto 70 km, from a defence base off Odisha coast, a day after two similar trials were conducted.
Can't believe you can file your income tax return without Form 16? Read this...
After capping anonymous cash donations to political parties at Rs 2,000, the government is amending law to make it mandatory for them to file returns on income by December every year or risk losing tax exemption status.
India on Friday successfully test fired its two indigenously-developed surface-to-air 'Akash' missiles of Air Force version with a strike range of 25 km from the Integrated Test Range at Chandipur near Balasore in Odisha.
The state-of-the-art advanced missile, a product of joint venture between India and Israel.
Two days after a successful trial, the advanced version of pilotless target aircraft Lakshya-II was again successfully flight-tested at the Integrated Test Range (ITR) near Balasore in Odisha on friday.
The double test-fire came after trials of the missile, with a range of 25 km and capable of carrying a warhead of 60 kg to neutralise aerial targets, on May 24 and 26.
Two medium-range surface-to-air missiles 'Akash' were successfully test-fired from the Integrated Test Range (ITR) at Chandipur-on-sea, about 15 km from Balasore.
Range preparation for the maiden test of India's indigenously developed nuclear capable 'Agni-V' ballistic missile with a strike range of over 5,000 km is "near complete" and the trial is likely to be held from Wheeler Island off Odisha coast this Wednesday.
Finance Minister Nirmala Sitharaman on Tuesday reviewed with Infosys officials the technical glitches that continue to mar the new income tax e-filing portal. Sitharaman, along with Minister of State for Finance Anurag Thakur, revenue secretary Tarun Bajaj, CBDT chairman Jagannath Mohapatra and other senior ministry officials, went point by point on the issues facing the new portal with officials of Infosys - the vendor which developed the site. While there was no official word on what transpired at the meeting, a statement issued by the Institute of Chartered Accountants of India (ICAI) said "the technical glitches shall be addressed fast". ICAI representatives attended the meeting on Tuesday.
Two indigenously developed surface-to surface missiles were planned to be fired from a mobile launcher in salvo mode from the launch complex-3 of ITR as part of user trial by the Army, defence sources said.
The surface-to-surface missile took off from an underground silo at the launch complex-3 in the ITR at about 1428 hours, defence sources said.
The forms for simplified income tax returns are anything but Saral, Sahaj and Sugam: for many readers these would have a familiar ring particularly in the month of July.
In an online chat with readers on July 8, Anil Rego answered their tax queries. Here's the chat transcript in case you missed the chat
The Finance Ministry is likely to exempt assesses from sharing details of company sponsored foreign trips in the revised Income Tax Return (ITR) forms.
India successfully testfired its indigenously developed, nuclear-capable, ballistic missile Prithvi-II from the Integrated Test Range at Chandipur, about 15 km from Balasore off the Orissa coast, on Friday.
Choosing the right ITR form for your income tax return filing can be quite confusing. Investmentyogi simplifies the ITR forms and all the jargon associated with it. Keep it handy for your returns in 2010.
It's that time of the year when the taxman is remembered the most. With just two days left to file tax returns, taxpayers have now awoken to the reality that the due date is at hand.
India on Sunday successfully test-fired its indigenously developed, nuclear-capable, short range ballistic missile (SRBM) Agni-1 from the Integrated Test Range (ITR) at Wheeler Island, about 100 km from Balasore off Orissa coast.
The government has set a target of adding 1.3 crore income tax filers in the current financial year against 1.1 crore new filers added last year.
Indigenously developed and beyond visual range (BVR) air-to-air missile 'Astra' was on Monday test-fired from the Integrated Test Range (ITR) at Chandipur in Orissa.
The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.
The Income Tax department on Tuesday issued an advisory asking taxpayers not to share their personal financial details over email or phone.
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