Income Tax News
CBDT Chairman Nitin Gupta Granted 9-Month Tenure Extension
Posted in Income Tax on 03 October 2023The Union government has granted a nine-month extension to Nitin Gupta, who is the Chairperson of the Central Board of Direct Taxes (CBDT). ..
Income Tax Department Receives Over 30 Lakh Audit Reports till 30th September, 2023
Posted in Income Tax on 03 October 2023More than 30 lakh Audit Reports filed on Income Tax Department's e-filing portal till 30th September, 2023..
TAAI Urges Government to Abolish TCS Ahead of October 1 Deadline
Posted in Income Tax on 30 September 2023The Travel Agents Association of India (TAAI) has made a plea to the Indian government to reconsider or delay the implementation of the Tax Collection at Source..
New CBDT Form 6D Introduced for Inventory Valuation Reporting u/s 142(2A)
Posted in Income Tax on 29 September 2023The Income-tax (Twenty-Second Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes (CBDT) on September 27, 2023...
CBDT Issues Streamlined Procedure for Income Tax Deduction Certificates Through TRACES
Posted in Income Tax on 28 September 2023Procedure, format and standards for filling an application for grant of certificate under sub-rule (4) and its proviso of Rule 28AA of Income Tax Rules, 1962..
Income Tax Department introduces Angel Tax Rules for valuing investments in startups
Posted in Income Tax on 27 September 2023The Income-tax (Twenty first Amendment), Rules, 2023, also known as the Angel Tax Rules, were notified by the Central Board of Direct Taxes (CBDT) on September ..
Income Tax Department Urges Taxpayers to Address Past Tax Demands for Speedier Refunds
Posted in Income Tax on 25 September 2023The Income Tax Department is making every effort to complete the processing of Income Tax Returns (ITRs) and issuance of refunds expeditiously..
CBDT releases Excel-Based and MAC Utilities for AY 2023-24
Posted in Income Tax on 25 September 2023Central Board of Direct Taxes (CBDT) has released Updated Utilities, Excel-based Utility and a MAC Utility for filing Income Tax Returns ITR 3, ITR 5, and ITR 6..
CBDT releases Common Offline Utility for filing ITR 1, ITR 2, ITR 3 and ITR 4 for AY 2023-24
Posted in Income Tax on 25 September 2023Central Board of Direct Taxes (CBDT) has released updated Common Offline Utility for filing Income Tax Returns ITR 1, ITR 2, ITR 3, and ITR 4 for the Assessment..
Income Tax Raids Lux Industries Over Rs 200 Crore Tax Evasion Allegation
Posted in Income Tax on 23 September 2023Lux Industries, a company in the FMCG (Fast Moving Consumer Goods) sector, is currently undergoing a raid by the Income Tax Department in multiple locations, in..
Popular News
- Income Tax Department Unveils New Tax Payment Summary Report on AIS Portal
- CBDT Extends Deadline for Filing Form 10B/10BB and Form ITR-7 for AY 2023-24
- LIC Receives GST Bill Exceeding Rs 290 Crore from Bihar Tax Department
- Chartered Accountant Apprehended by CBI Accepting Bribe of Rs 50,000
