Government may introduce new tax slab at 8-10 lakh with a tax rate of 10-15%: Sources
A recent tweet by CNBC-TV18 stated that sources say the Government may recognise the contribution of the Indian middle class […]
Important News, Income Tax
Income Tax
Important News, Income Tax
Income Tax Dept enabled functionality for filing of rectification request in respect of orders passed by CsIT (Appeals)
The Income Tax Department has enabled the functionality for filing of rectification request in respect of orders passed by the
Important News, Income Tax
Finance Ministry considers Reducing Tax Rates to Make New Direct Tax Regime More Attractive: Sources
As per the recent tweet by the CNBC-TV18, stated that sources say the Government is likely to sweeten new direct
Income Tax, News
Budget 2023: Long term capital gains tax likely to be rationalised
The government may look at rationalising long term capital gains (LTCG) tax structure in the forthcoming Union Budget for 2023-24.
Income Tax, News
Budget 2023: ‘New’ I-T regime may add some exemptions
With few takers for the exemption-free personal income tax regime, Union Budget 2023-24 is likely to review the tax structure
Income Tax, News
Budget 2023: ‘No new taxes for income till…’, FM on middle class issues
Ahead of the budget session in the Parliament, Union finance minister Nirmala Sitharaman on Sunday said she identifies herself as a middle
Important Pronouncements, Income Tax
Lack of supplying supporting documents for ‘reason to believe’ is a flagrant violation of the principles of natural justice
The Hon’ble Rajasthan High Court in Micro Marbles Private Limited v. Office of the Income Tax Officer, Ward-1, Chittorgarh, Rajasthan
Important News, Income Tax
CBDT released an e-calendar for 2023 that includes all important income tax compliance dates
The Central Board of Direct Taxes (“CBDT”) has released the 2023 e-calendar, which includes all important income tax compliance dates.
Income Tax, Press Release, Press Release
Direct Tax Collections for Financial Year 2022-23 up to January 10, 2023
The provisional figures of Direct Tax collections up to January 10, 2023 continue to register steady growth. Direct Tax collections
Important News, Income Tax
Income Tax Dept. enabled e-Pay Tax service for IndusInd Bank with Over Counter and Net Banking options: Now a Total of 18 Banks are available at e-Filing Portal
The Income Tax Department has issued an updated List of Banks dated January 07, 2023 for tax payments available at