« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  Draft of new service tax form issued... E-filing rakes in success... » `Less awareness hindering more tax compliance' October, 09th 2006 Attributing the current buoyancy in direct tax collections of the Government to growing voluntary tax compliance, the Chief Commissioner of Income Tax , Kolkata, Mr D.K. Das, said here today that two things have to be ensured by the department in the current context rewarding the cost of compliance by the taxpayers and making the cost of non-compliance quite heavy for the errant taxpayer. Speaking at a national workshop on `Finance Act '06, TDS, e-Filing and FBT', organised by the Delhi-based Institute of Socio Economic Research & Action (ISERA) here, Mr Das said lack of awareness on the part of the assessees to both changing income-tax laws and the approach of the department was coming in the way of greater compliance. Intensive investigation While the annual information reports filed during 2004-05 have yielded a whole host of information, only 9 out of every 1,000 transactions reported are being taken up for deeper investigation (by the traditional method). In the days to come, even this figure may go down. Explaining the rationale behind the Finance Act and its correlation with the charging section (Sec 4) of Income Tax Act 1961, Mr Das said out of the 4.6 crore PAN cards allotted countrywide, only 2.9 crore are filing their returns. Large taxpayer units Asked on the fate of the large taxpayer units, Mr Das said it was taking time as a complete foolproof system based entirely on a voluntary approach was yet to evolve, going by the response of the large taxpayers. Mr Das said that all the commissioners in the Bengal zone would be meeting on October 20 to finalise their recommendations, which would then be forwarded to the revenue department, which was now working on a new I-T Act.