« 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 «  Tax return is also a useful document for getting loans and... New I-T law likely to start snipping at tax breaks... » National data centre for tax to be set up March, 26th 2007 A national data centre of the income tax department will come up in the National Capital Region this year.    The centre, which will be in Ghaziabad, will integrate all 510 locations of the department through intra-net. This will help in checking tax evasion and faster processing of data.    Only 60 locations of the department are connected through intra-net now and the rest have to manually send the files to the regional centres.    The national data centre will help the department store all data at one place, a Central Board of Direct Tax official said. There will be proxy centres at other locations in the country to protect the data in case there is any damage to the primary site.    The centre will work as a tracing mechanism to nab potential tax evaders. By comparing the annual information return with that of the tax return filed, the department hopes to nail those who have not revealed their investments in equities, mutual funds and other financial instruments.    Annual information returns were introduced in 2004-05 for the first time to capture high value financial transactions.    The data centre will also help the department in faster refunds and expand the refund banker scheme across the country. Currently, the refund banker scheme is available in Delhi and Patna under a pilot project through State Bank of India.