Tuesday, May 17, 2022

Income Tax

Classify Cryptocurrency As Asset: Industry’s Pre-Budget Expectation

Jan 18, 2022 Meghna Maiti

As the cryptocurrency market continues to grow, industry experts feel the upcoming Budget should bring in regulations and clarity on at least the taxation of cryptocurrencies.

Infosys Working Very Closely With IT Department On Tax Portal: Infosys CEO

Jan 12, 2022 Press Trust of India

Infosys, in 2019, was given the contract to develop the new portal. It was launched in June last year and stakeholders had reported glitches and difficulties in the functioning of the portal.

Date To File Income Tax Returns Extended Till March 15

The decision has been taken due to the Covid-19 impact and after several taxpayers including chartered accountants complained about technical glitches in filing the ITRs through e-portal.

I-T Refunds Worth Rs 1.50 Lakh Crore Issued Till January 3

Jan 05, 2022 Press Trust of India

Income tax refunds of Rs 51,194 crore have been issued in 1.46 crore cases and corporate tax refunds of Rs 99,213 crore have been issued in over 2.19 lakh cases.

Haven’t Filed Your ITR Yet? Here’s What To Expect

If you don’t file your income tax return (ITR) by the deadline of December 31, 2021, there could be repercussions. However, there is an option to file belated ITR too.

29 December, 2021

Income Tax Department Extends Return Verification Till February 2022 For FY20

Press Trust of India

Taxpayers can send a physical copy of the ITR filed to the Centralised Processing Centre (CPC) office in Bengaluru.

26 December, 2021

More Than 4.43 Crore Income Tax Returns Filed Till Dec 25 For FY 21


This comprises over 2.41 crore ITR-1 and 1.09 crore ITR-4 getting filed for FY2020-21 (The assessment Year 2021-22) till December 25, 2021.

25 December, 2021

How Are Stock Market Gains Taxed And How To Declare Them In Your ITR?

Meghna Maiti

Remember to declare the trading gains made on the stock market while filling your income tax return (ITR). Choose the ITR form accordingly.

23 December, 2021

Here’s A Step-By-Step Guide To E-Filing The ITR Before December 31

Meghna Maiti

If you are still waiting to file your ITR and are confused about how to go about it, read our step-by-step guide on how to e-file your ITR.

04 December, 2021

Government Considering Widening Taxation Laws To Include Crypto Gains: Report

Outlook Business Team

As per an Economic Times report, the government is considering altering the tax laws such that Indians trading or investing in the unregulated asset could be bought under the tax ambit.

24 November, 2021

Things To Keep In Mind While Filling Tax Declaration Form

Pushpita Dey

Two things one should keep in mind while filling tax declaration to avail tax exemption and deduction. Failing to declare the investments and expenses may lead to high TDS.


24 November, 2021

CBDT Processed Refunds Worth Rs 1.23 Lakh Crore To 1.11 Crore Taxpayers

Outlook Business Team

In September, the deadline for filing the income tax return was extended to December 31. This was the second instance when the deadline was extended.

19 November, 2021

Two Things To Consider Before Choosing Between The New And Old Tax Regimes

Pushpita Dey

While the new tax regime offers lower slab rates to taxpayers, it allows no exemptions or deductions. Calculate your tax liability under both before choosing one.

18 November, 2021

CBDT Processes Refunds Worth Rs 1.19 Lakh Crore To 1.02 Crore Taxpayers

Outlook Money Team

CBDT has issued IT refunds of over Rs. 1,19,093 crore to more than 1.02 crore taxpayers from April 1,2021 to November 15,2021. This includes 67.99 lakh refunds of AY 2021-22 amounting to Rs. 13,140.94 crore.

05 November, 2021

This Is How New Annual Information Statement Helps You File ITR

Pushpita Dey

The Income Tax Department has rolled out a new Annual Information Statement (AIS) to simplify the income tax return filing process for the taxpayers.

Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

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The Future of Universities: Can India Overcome The Digital Divide?

The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.

Jan 15, 2022 Saikat Majumdar

Super Immunity, Natural Vaccines, Covid Gods: A Desi Guide To Denying The Pandemic

Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.

Jan 08, 2022 Rakhi Bose

What Is The Future Of The Liberal Arts In Asia?

Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.

Jan 01, 2022 Saikat Majumdar

Nagaland To Lakhimpur Kheri: Rights, Regimes And Restitutions in Times Of Turbulence

The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.

Dec 28, 2021 Tanvir Aeijaz