« Top Headlines » Open DEMAT Account in 24 hrs  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  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16) «  Gas-related gyan for accountants... Simpler procedures will reduce litigation... » Income Tax collection in Pune pegged at Rs 8,000 crore December, 13th 2006 Income tax collections in the Pune zone have shown a robust growth on the back of improved performance of the corporate sector and a selective and effective enforcement strategy adopted by the tax authorities.    Chief commissioner of income tax, Pune, Santosh Datta said on Tuesday that the income tax collection for the current assessment year (2006-07) was pegged at Rs 8000 crore as compared with Rs 6700 crore collected during the last year (2005-06).    The targeted Rs 4150 tax collection was achieved at the end of November 2006 and the department is actually hoping to exceed the target by the end of the year, according to Datta.    The next instalment of advance tax is due in the next couple of days and the department is planning stricter action against those avoiding payment of advance tax and instead pay tax on self assessment basis at the time of filing the annual return.    Datta said there was an all-round increase in the economic activity in the Pune region, as corporate tax collection targeted for this year was Rs 3956 crore against Rs 3570 crore corporate tax collected last year.    Higher growth is also expected on the personal income tax front in Pune as the figure is pegged at Rs 4458 crore as against Rs 3140 collected last year.    Datta said the change in strategy for the surveys, search and seizure method to unearth undeclared income had showed results as the 170 surveys conducted by the department brought to light undeclared income of over rs 100 crore as compared with Rs 48 crore of undeclared income detected in 260 surveys last year.    On the search and seizure side, the department conducted 40 such actions to detect Rs 134 crore concealed income as against detection of concealed income of Rs 68 crore out of 24 actions last year, he said.    Datta did not disclose the exact implications of the modified detection strategy but indicated that very low profit figures on high turnovers was among the pointers for the department to look into the cases.    Also the wrongly claimed deductions under sections 80 (i) (a) and 80 (i) (b) in respect of incentives available to the builders and developers were brought under scanner, he said.