Income Tax News

Formation agents of companies, LLPs to be covered under PMLA

10 May 2023 at 08:47

The government on Tuesday amended the anti-money laundering law to bring individuals acting as formation agents of companies and others under its ambit.

Posted in Income Tax | 7035 Views

Income Tax Department conducts raids on builders in Pune

05 May 2023 at 08:36

The Income Tax Department has initiated raids in Pune's Aundh area this morning, targeting builders suspected of malpractices. Sindh Society in Aundh, along with three other locations, has been raided by the department.

Posted in Income Tax | 6591 Views

IT department added new Functionality 'Download CSI File' for TAN based Payment

05 May 2023 at 08:35

A new feature has been added to the Income Tax Department portal - The ability to download CSI files for TAN-based payments.

Posted in Income Tax | 5121 Views

IT dept to soon notify modified valuation rules, investor classes for taxing foreign investments in unlisted companies

01 May 2023 at 08:41

The Income Tax Department will soon notify rules specifying the class of investors and norm of valuation for implementation of the Budget provision of taxing foreign investment in unlisted companies.

Posted in Income Tax | 4473 Views

Form No. 70 made available for filing on IT portal

29 April 2023 at 08:33

Income Tax Department issued an update regarding - Form No. 70 notified vide Notification No.111/2022 dated 28-Sep-2022, is available for filing on the portal.

Posted in Income Tax | 7341 Views

e-Pay Tax service is now enabled for RBL Bank with Over the Counter and Net Banking option

29 April 2023 at 08:31

List of banks for tax payments available at e-Pay Tax service at e-Filing Portal

Posted in Income Tax | 4944 Views

FM Nirmala Sitharaman chairs review meeting with CBDT

27 April 2023 at 08:38

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired a periodic review meeting with Central Board of Direct Taxes (CBDT)

Posted in Income Tax | 2391 Views

SC ruling on Income Tax searches to give big relief to taxpayers

27 April 2023 at 08:37

The Supreme Court has held that the income tax (I-T) department cannot reopen completed assessments under the Section 153A of the I-T Act

Posted in Income Tax | 9936 Views

Excel utilities of ITR 1 and ITR 4 released for AY 2023-24

26 April 2023 at 08:32

Income Tax Department releases Excel utilities of ITR 1 and ITR 4 for AY 2023-24 & made them available for filing.

Posted in Income Tax | 10698 Views

Form 10 is made available for filing on Income Tax Portal

24 April 2023 at 08:46

The Income Tax Department has notified that Form 10 now available for filing on Income Tax Portal, which was earlier notified via Notification No. 96/2022 issued in August 2022.

Posted in Income Tax | 6210 Views