E-verification of ITRs: mismatches and the mistakes
While the objective is good, the problem lies in the manner of its implementation
Source: livemint.com
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CBDT Releases Key Direct Tax Statistics Through Time-Series Data
The availability of the Time-Series data in public domain will be useful for academicians, research scholars, economists and the public at large. - CBDT Releases Key Direct Tax Statistics Through Time-Series Data
Source: india.com
Budget 2024: ITR deadline should be extended, says Hiren Thakkar of Hiren S Thakkar and Associates
Budget 2024 : In an interview with MintGenie, Thakkar said that in GST, there could be some rationalisation of rates because many basic necessity items are taxed at a higher band.
Source: livemint.com
8.18 crore ITRs! A record number of income tax returns filed till Dec 31
The income-tax (I-T) department has recorded a surge in filing of Income-tax Returns (ITRs), resulting in a new record of 8.18 crore ITRs for the A.Y. 2023-2024
Source: livemint.com
Over 7.40 cr persons filed ITRs in FY23, 5.16 cr showed zero tax liability: FinMin
Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha there has been an increase in the number of returns filed in the last five years. The number of persons filing ITRs increased from 6.28 crore in fiscal 2018-19, to 6.47 crore in 2019-20, to 6.72 crore in 2020-21. The number of ITRs filed in the 2021-22 fiscal rose to over 6.94 crore and further to over 7.40 crore in the 2022-23 fiscal.
Source: indiatimes.com