Income Tax Department enabled the Online Filing of Form I SWF
The Income Tax Department issued an Update on March 04, 2024, stating that online filing for Form I SWF has […]
Important News, Income Tax
Income Tax
CBDT Notification, Income Tax, Notification And Circular, Notification and Circular
Deadline Extension for Trusts/Institutions to Correct Audit Report Submissions for Tax Exemption
The CBDT issued Circular No. 02/2024 dated March 05, 2024, allowing trusts/institutions that submitted incorrect audit report forms for A.Y.
Income Tax, Press Release, Press Release
Promoting Voluntary Compliance through e-Verification Scheme-2021; Last date for filing of updated returns (ITR-U) for A.Y. 2021-22 (i.e. for F.Y. 2020-21) is 31.03.2024
The Income Tax Department receives information of specified financial transactions of taxpayers from various sources. To increase transparency and to
Income Tax, News
SML Isuzu faces an INR 11.56 Lakh Penalty Imposed by Income Tax Department
In accordance with the guidelines set by the Securities and Exchange Board of India (SEBI), there has been a recent
Income Tax, News
Section 43B(h): Is Finance Ministry revising the new rule for payment to MSMEs within 45 days; Know Here
Section 43B amended under the Income Tax Act to insert Clause (h) by the Finance Act of 2023 to address
Income Tax, News
I-T Dept’s faceless tax assessment facility enabling faster grievance redressal: FM Nirmala Sitharaman
The faceless tax assessment facility of the Income Tax Department is resulting in faster redressal of taxpayers’ grievances, which is
Income Tax, News
Kerala High Court Directs Binoy Kodiyeri to File Income Tax Returns for 2015-2022
The Kerala High Court on Thursday asked Binoy Kodiyeri, the elder son of former State secretary of the CPI(M) late
CBDT Notification, Income Tax, Notification and Circular, Notification And Circular
CBDT Allows Processing of Electronically Filed ITRs with Refund Claims Beyond Prescribed Time in Non-Scrutiny Cases
The CBDT issued an Order dated March 01, 2024 regarding the Processing of returns of income validly filed electronically with
Income Tax, News
Bengaluru Tax Payers Boost Economy, Acknowledged by FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Wednesday hailed Bengaluru tax payers for their contributions in building a strong and ‘Viksit
Income Tax, Press Release, Press Release
Union Govt releases another additional installment of tax devolution of Rs. 1,42,122 crore to strengthen hands of State Govts for financing various social welfare measures and infrastructure development schemes
The Union Government has authorised the release of two installments of tax devolution amounting to Rs. 1.42 lakh crore today