Income Tax News
CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
26 April 2024 at 08:50The 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.
ITR-6 Excel Utility for AY 2024-25 is Available For Filing
26 April 2024 at 08:49ITR-6 Excel Utility for AY 2024-25 is Available For Filing
CBDT Extends PAN-Aadhaar Link Deadline Until 31st May 2024
24 April 2024 at 11:01For 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
Proposed Income Tax Act Amendment Targets MSME Dues Tax Treatment
24 April 2024 at 09:04A 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.
Income Tax Department Launches Drive to Clear 0.54 Million Appeals
24 April 2024 at 09:02As of January 31 this year, a staggering 5,44,205 appeals awaited resolution within the corridors of the Income Tax Department
Yes Bank Shares Surge on Receipt of Rs 284.21 Crore Tax Refund
23 April 2024 at 08:52Shares 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.
Supreme Court to Review Rs 33,000 Crore Income Tax Claim on Jaypee Infratech
22 April 2024 at 08:51In a pivotal move, the Supreme Court has stepped in to assess the contentious ₹33,000 crore tax claim imposed on Jaypee Infratech Ltd (JIL), marking a crucial juncture in the ongoing legal saga that has left 22,000 homebuyers in limbo.
Net Direct Tax Collections Surge to Rs. 19.58 Lakh Crore in FY 2023-24
22 April 2024 at 08:49Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs. 1.35 lakh crore i.e. by 7.40%
CBDT Directs Self-Reporting Organizations to Submit High-Value Transaction Details of FY23 by 30th June
19 April 2024 at 08:58In a recent development, the Central Board of Direct Taxes (CBDT) has issued a directive to Self-Reporting Organizations (SROs) urging them to furnish comprehensive details of high-value transactions conducted during the fiscal year 2022-23.
ITR-1, ITR-2, ITR-4 & ITR-6 for AY 2024-25 Enabled For Offline/Online mode at e-filing portal
17 April 2024 at 08:53ITR-1, ITR-2, ITR-4 & ITR-6 for AY 2024-25 are enabled for filing in Offline as well as Online mode at e-filing portal. Excel utilities of ITR-1, ITR-2 & ITR-4 for AY 2024-25 are available under 'Downloads' button at e-filing portal.
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