Income Tax News
Income Tax Department launches AIS App for Taxpayers
Posted in Income Tax on 17 March 2023The Income Tax Department has launched a Mobile app for Taxpayers to view Annual Information Statements (AIS)...
UIDAI waives online Aadhaar update fee
Posted in Income Tax on 16 March 2023The Unique Identification Authority of India has made document update facility online for Aadhaar free till June 14, an official statement said on Wednesday.Ear..
Income Tax department sends Rs 549 crore tax demand notice to AWS
Posted in Income Tax on 15 March 2023The taxation department has approved a Rs 549 percent of the total tax summons to Amazon's corporation Amazon Web Service (AWS). Aws offers cloud storage. ..
CBDT takes up e-Verification for 68,000 cases from FY 2019-20
Posted in Income Tax on 14 March 2023On a pilot basis, in about 68,000 cases, information of financial transactions pertaining to FY 2019-20 has been taken up for e-Verification..
Gross Direct Tax collections rises 22.58% to Rs 16.68 lakh crore up to 10th March
Posted in Income Tax on 11 March 2023The provisional figures of Direct Tax collections up to 10th March, 2023 continue to register steady growth. Direct Tax collections up to 10th March, 2023 show ..
IT department enabled new feature 'Comply to Notice' u/s 133(6) of IT Act 1961
Posted in Income Tax on 11 March 2023The Income Tax Department enabled the new feature 'Comply to Notice' that allows taxpayers to View and Submit Responses to Notices under section 133(6) of the I..
IT department issued important update on Form 26AS and AIS
Posted in Income Tax on 11 March 2023The Income Tax Department has issued an update on Form 26AS and Annual information statement ("AIS") stating that from Assessment Year ("AY") 2023-24 onwards, F..
Centre releases Rs 1.40 lakh crore tax devolution amount to states
Posted in Income Tax on 11 March 2023Union Government releases 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore to strengthen hands of States to accelerate their ..
CBDT notified Insolvency and Bankruptcy Board of India for exemption u/s 10(46)
Posted in Income Tax on 04 March 2023CBDT vide Notification No. 09/2023 dated March 01, 2023 has notified Income Tax exemption to the Insolvency and Bankruptcy Board of India ("the IBB") under sect..
CBDT issues corrigendum w.r.t. ITR Forms for AY 2023-24
Posted in Income Tax on 02 March 2023CBDT has issued Corrigendum vide Notification No. 8/2023 dated February 28, 2023 to its Notification No. 04/2023 dated February 10, 2023 released to notify the ..
