Posted in Tax Return

‘I’m not tall enough to post my tax return’

HM Revenue & Customs (HMRC) has revealed some of the strangest excuses offered by taxpayers when filing their tax return late. As the deadline approaches…

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Posted in Tax Return

Pre-filled Income Tax Return Forms by Next Year, Refunds to be Processed in a Day

Tax payers fill up forms before submitting their income tax returns. (Reuters) New Delhi: The wait for getting income tax refunds and the difficulty encountered…

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Posted in Tax Return

Infosys-built system to cut tax return processing time to 24 hours by 2020

By 2020 taxpayers will have their income tax filing system run not by “Sarkari” IT teams but by IT major Infosys. The union cabinet on…

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Posted in Tax Return

ITR tips: 5 mistakes you should avoid while filing income tax returns

Filing income tax returns (ITR) can be a dreary process for most individuals, especially those who have a large number of investments. A number of…

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Posted in Tax Return

Govt waives late fee for non-filers of GST returns between July ’17-Sept ’18

The government has waived late fees for non-filers of summary and final sales returns for the July 2017-September 2018 period by businesses registered under the…

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Posted in Tax Return

TDS on property sale: Answers to common queries on deduction and payment

Tax Deducted at Source (TDS) under the Income Tax Act has undergone wide-ranging changes in the last decade. One of them was the introduction of…

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Posted in Tax Return

Focussing on improving compliance, identifying areas which have escaped tax net: Revenue Secy

The government is looking at bringing untaxed sectors in the tax net as well as improving compliance to raise the tax-to-GDP ratio, Revenue Secretary Ajay…

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Posted in Tax Return

Delhi HC dismisses Vodafone plea for tax refund of over Rs 4,759 crore

The Delhi High Court has dismissed telecom major Vodafone’s plea seeking directions to the Income Tax Department to expeditiously process its claim for refund of…

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Posted in Tax Return

CBDT directs taxman to maximise collection efforts as growth rate not satisfactory

With the growth in direct tax collections sluggish, the Central Board of Direct Taxes (CBDT) has directed income tax department officials to “maximise” their efforts…

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