CBDT releases key statistics on Direct Tax
The Central Board of Direct Taxes (CBDT) has been releasing key statistics relating to Direct Tax collections and administration in […]
Income Tax, Press Release, Press Release
Income Tax
Important News, Income Tax
Income Tax Dept. enabled the ‘Download Statement’ option for Form 26QB Payment
The Income Tax Department has enabled the ‘Download Statement’ option for Form 26QB Payment on the income tax e-filing portal.
Income Tax, Press Release, Press Release
Search and seizure action by Income Tax Department in Karnataka
Income Tax Department commenced a Search & Seizure operation in the case of some Cooperative Banks, in the State of
Important News, Income Tax
Income Tax Department has released JSON Schema ITR 1 and ITR 4 for AY 2023-24 (FY 2022-23)
The Income Tax Department has released JSON Schema ITR 1 and ITR 4 for AY 2023-24 (FY 2022-23): ITR 1:
Income Tax, News
Direct tax from Telangana and Andhra Pradesh up by 8.5% in financial year 2022-23 from last fiscal
Direct tax collections, that include corporate tax and income tax collected by the Income Tax department for Telangana and Andhra
Income Tax, Notification and Circular, Notification And Circular
CBDT issued important clarification regarding the deduction of TDS
The CBDT vide Circular No. 04 of 2023 dated April 05, 2023 issued clarification regarding the deduction of TDS under
Income Tax, News
I-T dept has internal target to issue refunds in seven days: CBDT chief
The Income Tax (I-T) department has been given an internal target of issuing refunds within a period of seven days.
Income Tax, News
Searches conducted before June, 2015 will also come under amendment in Section 153C of Income Tax Act: Supreme Court
The Supreme Court delivered a landmark verdict on Thursday as it ruled that searches conducted before June 1, 2015 would
Income Tax, News
I-T scanner on 89 high-value foreign remittance cases
The income tax department has identified 89 “high-risk foreign remittance” cases with suspected tax evasion of over Rs 100 crore
Income Tax, Press Release, Press Release
Direct Tax collections for FY 2022-23 exceed the Union Budget Estimates by Rs 2.41 lakh crore i.e. by 16.97%
The provisional figures of Direct Tax collections for the Financial Year (FY) 2022-23 show that Net collections are at Rs. 16.61 lakh crore,