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, News
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Income Tax, News
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
Income Tax, News
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
Income Tax, News
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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Income Tax Regimes Compared: 5.5 Crore Taxpayers Likely To Have Chosen New Tax Regime For FY24
New Tax Regime Vs Old Tax Regime For FY24: Even as the new income tax regime has become more attractive for the financial
Income Tax, News
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
ICAI, News
FM Nirmala Sitharaman asks CAs to work on ESG, carbon accounting expertise
Finance minister Nirmala Sitharaman on Thursday asked chartered accountants to adequately familiarise themselves with new and growing areas of auditing,
CBIC, News
Govt imposes 40% duty on onion exports to check price rise
The government on Saturday imposed an export duty of 40% on onions with immediate effect to check price rise and improve supplies
Income Tax, News
Delhi HC stays income tax re-assessment proceedings against Oxfam India
In an “interim order”, the Delhi High Court recently stayed the Income Tax (IT) re-assessment proceedings initiated against the non-profit
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India hikes windfall tax on crude petroleum to Rs 7,100 per tonne
The Indian government on Monday increased the windfall tax on crude petroleum to Rs 7,100 per tonne from Rs 4,250 per tonne with