
CBDT issues refunds of over Rs 37,050 crore to more than 17.92 lakh taxpayers between 1st April 2021 to 05th July 2021.

There are ample tax benefits apart from Section 80C deductions available under the Income Tax Act that you can avail by investing in right instruments

How to file ITR: If you approach a bank for home, car or personal loan, they ask for your income tax return filings of previous years

Money received from anyone on the occasion of an individual's marriage is not taxable

The President's salary is charged from the Consolidated Fund of India, which is the kitty into which all tax and revenues of the government flow

The e-verification should be done within a time limit of 120 days or else ITR will become invalid

The 'ITAT e-dwar' portal will enhance accessibility, accountability and transparency in day to day working of the Income Tax Appellate Tribunal

The government also extended deadlines for various income tax compliances and said the amount paid by an employer to employees for Covid-19 treatment

Ruling on an appeal filed by an individual, the Agra bench of ITAT said the order would act as a precedent for all similar cases

The portal continued to face glitches, including longer logging in time and inability to generate OTP for Aadhaar validation