LIC receives tax refund of Rs 21,740 cr from IT Dept

Mumbai: The Life Insurance Corporation of India (LIC) on Friday said that it had received a tax refund amounting to Rs 21,740.77 crore from the Income Tax Department for the assessment years spanning from 2013 to 2020.

88% of verified income tax returns for AY 2023-24 processed: IT Dept

New Delhi: The Income Tax (IT) Department has processed over 6 crore Income Tax Returns (ITR) for Assessment Year (AY) 2023-24, the Ministry of Finance said on Tuesday.

ITR Forms for FY 2023-24 include schedule for declaring virtual digital assets

New Delhi: The Central Board of Direct Taxes (CBDT) has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2023-24 and will come into effect from 1st April 2023, the Ministry of Finance said.

IT return filing deadline for Assessment Year 2021-22 extended till March 15

New Delhi: Income tax return filing deadline for Assessment Year 2021-22 has now been extended till Mar 15, officials said.

Over 4.67 crore Income Tax Returns filed till Dec 27, 15.49 lakh ITRs on Dec 27 alone

New Delhi/IBNS: Over 4.67 crore Income Tax Returns have been filed, including 15.49 lakh ITRs were filed on December 27 alone, the Income Tax Department said Tuesday.

Union Budget: FM Nirmala Sitharaman rejoices 75-yr-old elderlies with no tax

New Delhi/UNI: Union Finance Minister Nirmala Sitharaman on Monday announced exemption of senior citizens 75 years or above in filing income tax, who are dependent on pensions or interests on savings.

Centre extends income tax return deadline by a month to Aug 31

New Delhi, July 26 (IBNS): The Centre on Thursday extended the deadline for filing income tax return for assessment year 2018-19 by a month.

Last date for IT returns extended to Aug five

New Delhi, Jul 31 (IBNS) : The Income Tax Department has extended by five days the last date for filing of income tax returns (ITRs) for the financial year 2016-17, reports said.