According to the tax department, the number of I-T returns filed for the 2016-17 year grew by 25% to 2.82 crores, as increased number of individuals filed their tax returns post demonetization. The growth in ITRs filed by Individuals is 25.3% with over 2.79 crore returns having been received up[Read More…]
Tag: IT returns
SC to hear plea against Aadhaar link with PAN
Hearing of plea challenging making Aadhaar mandatory in progress
The Supreme Court on Wednesday started hearing on a plea which challenges the government’s move to make Aadhaar card compulsory for IT returns. On behalf of one of the petitioner, Petitioner Senior Advocate Aravind Datar opened his argument by saying that Section 139AA of Income Tax Act is contrary to[Read More…]
How can you make Aadhaar mandatory: SC to government
The Apex Court on Friday said that it will decide on whether Aadhaar card can be made mandatory for filing of Income Tax returns, next week. In addition, the Supreme Court also asked the government to explain the purpose for making Aadhaar card mandatory for IT returns. The Supreme Court[Read More…]
Four lakh companies may face deregistration for not filing IT returns
As large numbers of Indian companies have failed to file their returns for three financial years, more than a third of the 11 lakh active Indian companies face the chances of their names being struck off or deregistered. The development is as part of the check on shell companies. Lately,[Read More…]