Court pulls up I-T Dept for withholding info on foreign accounts

Last Updated: Thursday, May 28, 2015, 17:59

A Delhi court on Thursday pulled up the Income Tax (IT) Department for withholding information on foreign bank accounts of those persons against whom it has filed complaints and slapped a fine of Rs 10,000 on it.

Simplified ITR forms to be notified by next week

Last Updated: Friday, May 22, 2015, 15:53

The Finance Ministry will come out with simplified Income Tax Return (ITR) forms by the next week, replacing the controversial ones that have been put on hold.

Company sponsored foreign trip may not need disclosure in revised ITR

Last Updated: Monday, May 18, 2015, 15:48

The Finance Ministry is likely to exempt assesses from sharing details of company sponsored foreign trips in the revised Income Tax Return (ITR) forms.

New ITR forms to be far more simplified: FM Jaitley

Last Updated: Saturday, May 16, 2015, 16:18

The controversial new income tax return forms, which had been put on hold, will be "far more simplified", Finance Minister Arun Jaitley said Saturday, but kept the suspense on if the requirement of disclosing all bank accounts and foreign travels will be retained.

New ITR forms to be far more simplified: FM Jaitley

Last Updated: Saturday, May 16, 2015, 15:50

The new income tax return (ITR) forms will be far more simplified, Finance Minister Arun Jaitley said on Saturday.

Foreign travel details in ITR at suggestion of SIT: Jaitley

Last Updated: Tuesday, May 12, 2015, 19:10

Foreign travel details sought in the new income tax return (ITR) forms was done so that risk profiling for detection of tax evasions could be done but the form is being modified in view of the opposition to it.

Govt to modify new income tax return forms

Last Updated: Tuesday, May 12, 2015, 16:11

Government on Tuesday said it has decided to "modify" the new Income Tax Return (ITR) forms in wake of concerns raised over them.

Simplified income tax return forms likely by month end

Last Updated: Sunday, May 10, 2015, 12:33

The Finance Ministry is likely to come out with simplified Income Tax Return (ITR) forms by the end of this month which may exclude disclosure of dormant bank accounts as also those which do not have a minimum specified balance.

FM exempts foreign investors from MAT; simple ITR on way

Last Updated: Thursday, April 30, 2015, 19:14

Finance Bill was passed by voice vote, bringing to close the three-stage budget process in the House.

New ITR forms: Special team to re-draft format after criticism

Last Updated: Monday, April 27, 2015, 20:47

The new format of Income Tax Return (ITR) forms that was withdrawn by the government in the wake of complaints over providing details of foreign trips and domestic bank accounts is being revised to make it simpler.

Biz leaders meet FM Jaitley; want tax return forms simplified

Last Updated: Friday, April 24, 2015, 20:40

The industry representatives said after the meeting that Jaitley assured them to look into simplifying the ITR and at making the forms smaller and the process of filing returns quicker.

FM Arun Jaitley to meet business chambers today on ITR forms

Last Updated: Friday, April 24, 2015, 04:57

Finance Minister Arun Jaitley is likely to meet business chambers on Friday to get their views on new income tax returns form, after the government faced flak over it seeking details on bank accounts and foreign travel.