Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: empanelment :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: cpt :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: form 3cd :: VAT RATES
 
 
News Headlines »
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government
 Deadline to pay property tax in old currency extended
 Cabinet clears amendments to Income Tax Act
 Have you got interest on your income tax refund?

IT department receives over 2 crore tax returns by e-filing
September, 11th 2015

The income tax department has received 2.06 crore returns, which is an increase of 26.12 percent over last year on its e-filing portal, an official statement said on Thursday.

"In the financial year 2015-16, the department has received 2.06 crore returns on the e-filing portal as on September 7, 2015 which is an increase of 26.12 percent over the corresponding period of 2014-15, when 1.63 crore returns were e-filed," the finance ministry said in a statement here.

The ministry last week had extended the last date for filing income tax returns till September 7, extending the earlier deadline of August 31.

"Central Processing Centre had processed 45.18 lakh returns relating to the assessment year 2015-16 and issued refunds to 22.14 lakh tax payers who had claimed refunds for the assessment year 2015-16," it said.

The peak filing rate touched 3,475 returns per minute as compared to 2,901 returns per minute last year, it added.

The department through its portal has electronically verified over 32.95 lakh e-returns.

The process of electronic filing has also been made simpler over the years.

The ministry had earlier announced that income tax returns for assessment year 2015-16 can now be verified electronically.

"A taxpayer may verify his return through internet banking or through the Aadhar-based authentication process," it said in a statement.

"Persons using this facility will not be required to submit a signed paper copy of ITR-Verification form (ITR-V) to CPC Bengaluru," it added.

For the convenience of small taxpayers having total income of Rs.500,000 or below without any claim of refund, the facility of generating the electronic verification code (EVC) has also been provided on the e-filing website of the department.

It also provides for sending the EVC to the registered email ID and the mobile number to enable the filer to thereafter use it to verify the return.

In case a taxpayer is unable to electronically verify the ITR using the EVC for any reason, then, the signed copy of ITR-V may be sent within the specified time of 120 days to CPC Bengaluru by ordinary or speed post, the statement said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions