ITR: Late fee that you have to pay if you fail to verify income tax return before August 31, 2023
The last day to file the Income Tax Returns for the financial year 2022-23 has already passed as the due […]
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Income Tax
Important News, Income Tax
Income Tax Department Enables Functionality for Revision of Form 27C on e-Filing Portal
The Income Tax Department on August 28, 2023 released an update that enables the Functionality for Revision of Form 27C
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Six foreign tours companies under tax scanner
The Income tax department is looking into tax evasion by about six companies providing foreign tour packages for under-reporting of
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CBDT order provides relief, but Income Tax department may reopen big old cases
The Central Board of Direct Taxes (CBDT), guided by a Supreme Court (SC) order issued in April, has sent out
Income Tax, Press Release, Press Release
CBDT launches revamped Income Tax Department Website with User-Friendly Interface, Additional Features, and New Modules
In order to enhance taxpayer experience and keep pace with new technology, the Income Tax Department has revamped its National
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Income tax refund: Govt plans to reduce refund processing time; Check details here
The income tax department is planning to reduce the average processing time for getting tax refunds. As per a report
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Income tax department all set to cut refund time to 10 days from this fiscal year
The revenue department is poised to roll out a system to cut the average processing and issuance time for tax
Important News, Income Tax
Income Tax Department released Form-10B utility
The Income Tax Department has released the Form 10B utility on August 24, 2023. “Audit Report under clause (b) of
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Income Tax Return Filling In Uttar Pradesh Jumps From 1.65 Lakh In 2014 To 11.92 Lakh In 2023
Uttar Pradesh has emerged as the second largest state in terms of number of Income Tax Return (ITR) filers in
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Indians are becoming more disciplined in filing income tax returns
Indians are turning more disciplined in filing tax returns as the delayed filing has fallen sharply this year, as per