Income Tax News
CBDT revises exceptions to monetary limits for filing appeals deferred in Section 158AB provisions
Posted in Income Tax on 08 June 2023The Income Tax Department has revised the exceptions to the monetary limits for filing appeals deferred under the provisions of Section 158AB of the Income Tax ..
UP Farmer Receives 23 Tax Notices Totaling Rs 1.6 Crore Due to Bank Error
Posted in Income Tax on 08 June 2023A farmer from Uttar Pradesh's Phaloda village received about 23 notices over the past year from the Income Tax Department, asking him to pay outstanding taxes o..
ED detains Income Tax official from Ahmedabad in money laundering case
Posted in Income Tax on 06 June 2023The Enforcement Directorate (ED) on June 5 arrested an Income Tax (I-T) official from Ahmedabad in connection with a money laundering case..
BBC acknowledges reduced tax contributions in India
Posted in Income Tax on 06 June 2023The BBC has admitted that it paid lower taxes in India than it should have, following an investigation by the country's income tax department...
IT Department initiates FIRs against 404 individuals and CA in bogus refund cases
Posted in Income Tax on 05 June 2023The Income Tax Department Srinagar has taken a serious view of the bogus refunds claimed by various persons in the past few years...
Noida police busts multi-crore racket exploiting PAN card data of over 635,000 individuals
Posted in Income Tax on 03 June 2023In a breakthrough, the Noida police have successfully busted a sophisticated multicrore racket operated by a gang that used the Pan card data of approximately 6..
Delayed Refund and Loss Carry Forward Claims Granted under IT Act 1961
Posted in Income Tax on 03 June 2023The Central Board of Direct Taxes (CBDT) has issued Circular No. 07/2023 dated May 31, 2023, regarding the condonation of delay in filing refund claim and claim..
CBDT amends IT rules to provide tax exemption on movable property value
Posted in Income Tax on 03 June 2023The Income-tax (Eighth Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes (CBDT) on May 31, 2023...
CBDT amends IT rules for Section 80G Provisional Approval
Posted in Income Tax on 01 June 2023The Income-tax (7th Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes (CBDT) on May 30, 2023. The rules make amendments to the Income-ta..
ITR-2 Form Now Available Online with Automated Pre-Filled Data
Posted in Income Tax on 01 June 2023Income Tax Return Form of ITR-2 is enabled to file through Online mode with prefilled data at the portal. T..
Popular News
- IT Department introduces validation rules for e-filing of ITR-1, ITR-2 and ITR-4 for AY 2023-24
- Banks directed to alert Income Tax Department on large Rs 2000 Deposits
- IT Department initiates FIRs against 404 individuals and CA in bogus refund cases
- ICAI releases Annual Membership Fees Structure for the year 2023-2024
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