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Why you should file Income Tax (IT) returns?

Tuesday, September 25, 2018, 4:29 PM

Filing returns is a sign you are responsible. The government mandates that individuals who earn a specified amount of annual income must file a tax return within a pre-determined due date. The tax as calculated must be paid by the individual. Failure to pay tax will invite penalties from the Income Tax Department.
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Govt extends deadline for filing Income Tax returns till Oct 15

Monday, September 24, 2018, 7:20 PM

The government Monday extended by a fortnight till October 15 the deadline for filing Income Tax Return (ITR) and audit report for financial year 2017-18. The Central Board of Direct Taxes (CBDT) had received representations from stakeholders seeking extension of the last date for filing of returns by taxpayers whose accounts have to be audited.
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Rs 19 crore cash recovered after I-T raids on stock market: Gujarat

Wednesday, September 12, 2018, 7:01 AM

Income Tax department officials recovered Rs 19 crore in cash, receipts of fixed deposits, and National Savings Certificates (NSCs) worth Rs 60 lakh on Tuesday. The recovery was made during raids at premises of two stock market entry providers Jignesh Shah and Sanjay Shah. The cash was stored in cupboards at the Paldi residence of Jignesh Shah.

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