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Capital gains tax waiver at GIFT City
CBDT notifies exempting investment trusts and ETFs
CBDT notifies ITR forms for assessment year 2023-24
The Central Board of Direct Taxes (CBDT) has notified income-tax return forms (ITR forms) for the assessment year 2023-24, which will come into effect...
Direct tax mop-up grows 26% to Rs13.63 lakh cr
Receipts include advance tax collection of Rs5.21 lakh cr, TDS of Rs6.44 lakh cr and self-assessment tax of Rs1.40 lakh cr; Net collections near 80%...
6.85 cr I-T returns filed for FY22
Over 6.85 crore income tax returns have been filed so far for fiscal 2021-22 and the number is expected to go up further by December 31, a senior...
I-T dept committees on high-pitched assessments to submit report in...
The 'local committees' formed to deal with taxpayers' grievances arising out of 'high-pitched' scrutiny assessments shall submit their report within...
FinMin extends ITR deadline for corporates
The Union Finance Ministry on Wednesday extended the deadline for filing income-tax (I-T) returns for the assessment year 2022-23 by businesses till...
'Accept offence, pay fine, avoid prison': I-T dept's new pragmatic...
Income Tax Department has allowed compounding in cases where the applicant has been sentenced to up to two years of imprisonment. According to the I-T...
IT Department conducts raids on Bengaluru based Micro Labs Ltd
The Income Tax Department had carried out search and seizure operations on Bengaluru-based pharmaceutical group, Micro Labs Ltd.