Income Tax Department on Monday extended the last date to file income tax return for financial year 2016-17 or assessment year 2017-18 due to various technical glitches taxpayers were facing on the e-filing website of Income Tax.

If you haven't filed your income tax return yet, you have only few hours to do so as the Income Tax Department has ruled out any extension in the deadline.

\"The last date for filing of ITRs remains July 31. There are no plans to extend this deadline. The department has already received over 2 crore returns filed electronically.\"

 Income taxpayer base moved up substantially to 6.26 crore at the end of the last fiscal, from nearly 4 crore earlier, CBDT Chairman Sushil Chandra said today.

According to the latest data, there are more than 24.37 crore PANs registered in the country, while Aadhaar card has been issued to 113 crore people.

To make the process less tedious, the number of ITR forms have been reduced from nine to seven.

The government is not taking citizens privacy and related concerns seriously.

The government notified on Wednesday that all PermanentAccount Number (PAN) card holders have to link the number with their 12-digitAadhaar number from July 1.

The central government on Friday made Aadhaar mandatory for opening bank accounts and for financial transactions of Rs 50,000 and above.

Most people make a few basic mistakes and consequently get IT notices and/or overpay/underpay taxes. Here are 10 common mistakes that you should avoid when e-filing your ITR.

Everything you need to know about the implications and impact of linking Aadhaar with PAN.

Simple yet secure Aadhaar-based transactions may find favour among the uninitiated.

Recently, I got a call from my bank asking me to visit the branch to give my Aadhaar number. There was a sense of urgency in his voice making the whole thing sound very critical.

Under the FATCA arrangement, the financial institutions need to obtain self-certifications and carry out due diligence in respect of all individual and entity accounts opened from July 1, 2014, to August 31, 2015.

The number of applications submitted for correction of names in Permanent Account Number (PAN) cards have seen a significant jump in recent weeks.

Aadhaar is a unique identification number issued by the Indian government to every individual resident of India. It is based on demographic and biometric data of the individual and thus no duplicate number can be issued to the same individual.

The government on Tuesday made mentioning of Aadhaar card number mandatory while filing the income tax returns, reports NDTV. However, linking all the bank accounts with the unique identification number has already been in the works in recent times.

Prime Minister Narendra Modi's shock announcement to demonetise the Rs 500 and Rs 1,000 currency overnight was primarily aimed at catching those who hoard black and illegitimate money in these denominations off-guard. The sudden announcement and its implementation within four hours of the speech may have prevented flight or conversion of such money into other asset classes, but it has also resulted in a lot of collateral damage.

The Income Tax department's ambitious plan to verify ITRs electronically through an internet-based system by using the Aadhaar and banking database has crossed the one crore mark.

As per the latest data, over 1.02 crore Income Tax Returns (ITRS) have been verified by the internet-based electronic filing system of the department.