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Businessman Faces One-Year Jail Term for Bounced Cheques to Income Tax Department

   01 May 2024 at 09:03

A recent verdict by a Gandhinagar court has landed Chandkheda resident Mehulkumar Barot in hot water, resulting in a one-year prison sentence.

Posted in Income Tax |   393 Views


ICAI releases Exposure Draft of Guidance Note on Reports on Audit u/s 12A/10(23C)

   30 April 2024 at 08:50

Exposure Draft - 'Guidance Note on Reports on Audit under Section 12A/10(23C) of the Income-tax Act,1961' for Public Comments

Posted in Income Tax |   345 Views


Income Tax Department: Half of India Holds PAN, Gender Gap Shrinks

   29 April 2024 at 08:48

Nearly half of India's population now possesses a Permanent Account Number (PAN), totaling a staggering 74.67 crore allocations.

Posted in Income Tax |   2538 Views


Income Tax Department Unveils Revised Form Utility and Schema

   26 April 2024 at 08:54

Common offline utility for Form 3CA-3CD and 3CB-3CD

Posted in Income Tax  1 comments |   474 Views


CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024

   26 April 2024 at 08:50

The Central Board of Direct Taxes (CBDT), has issued Circular No. ­­­07/2024 dated 25.04.2024 further extending the due date for filing Form 10A/ Form 10AB under the Income-tax Act, 1961 (the ‘Act’) upto 30th June, 2024.

Posted in Income Tax |   4476 Views


ITR-6 Excel Utility for AY 2024-25 is Available For Filing

   26 April 2024 at 08:49

ITR-6 Excel Utility for AY 2024-25 is Available For Filing

Posted in Income Tax |   282 Views


CBDT Extends PAN-Aadhaar Link Deadline Until 31st May 2024

   24 April 2024 at 11:01

For the transactions entered into upto 31.03.2024 and in cases where the PAN becomes operative (as a result of linkage with Aadhaar) on or before 31.05.2024, there shall be no liability on the deductor/collector

Posted in Income Tax  3 comments |   15861 Views


Proposed Income Tax Act Amendment Targets MSME Dues Tax Treatment

   24 April 2024 at 09:04

A recent alteration in the Income Tax Act, aimed at bolstering small businesses by ensuring timely payments, might have inadvertently deterred potential buyers from engaging with them.

Posted in Income Tax  1 comments |   3882 Views


Income Tax Department Launches Drive to Clear 0.54 Million Appeals

   24 April 2024 at 09:02

As of January 31 this year, a staggering 5,44,205 appeals awaited resolution within the corridors of the Income Tax Department

Posted in Income Tax |   2094 Views


Yes Bank Shares Surge on Receipt of Rs 284.21 Crore Tax Refund

   23 April 2024 at 08:52

Shares of Yes Bank witnessed a significant uptick in early trading today, buoyed by positive developments including a substantial tax refund order and an equity allotment decision.

Posted in Income Tax |   342 Views