Income Tax News

AIS Utility Now Available for Mac OS Users on Income Tax Portal

06 December 2023 at 09:00

CBDT Enhances User Experience: Annual Information Statement Utility Now Available for Mac OS Users on Income Tax Portal

Posted in Income Tax | 4944 Views

CBDT Extends Deadline to Process Refund Claimed ITRs for AYs 2018-19 to 2020-21 till 31st January 2024

06 December 2023 at 08:59

CBDT issued Order vide F. No.225/132/2023/ITA-II dated December 01, 2023, regarding the processing of income tax returns validly filed electronically with refund claims u/s 143(1)

Posted in Income Tax | 12462 Views

Gross direct tax may surpass Budget by over Rs 1 trillion

06 December 2023 at 08:53

India's Direct Tax Revenues Set to Outperform Expectations, Bolstering Fiscal Resilience in Post-Pandemic Era

Posted in Income Tax | 1683 Views

Senior IT Official Receives 6-Month Jail Term in 2016 Railway Ticket Checker Assault Case

05 December 2023 at 11:31

In a significant judicial development on November 28th, Rishi Kumar Madanprasad Singh, a senior officer of the Income Tax department, was convicted and sentenced to six months imprisonment

Posted in Income Tax | 5322 Views

IT Department Set to Challenge HC Ruling in Supreme Court Over Validity of Orders

05 December 2023 at 08:55

Income Tax Department Contemplates Supreme Court Appeal After Delhi HC Deems Assessments Without DIN Invalid

Posted in Income Tax | 4281 Views

SC Defers Gandhi Family's IT Assessment Case Hearing till 13th December

02 December 2023 at 14:22

Supreme Court Defers Hearing on Gandhi Family and AAP's Income Tax Assessment Transfer Challenge

Posted in Income Tax | 4584 Views

Income Tax Department enables Discard ITR Option for Unverified Original/Belated/Revised ITRs Starting from AY 2023-24

29 November 2023 at 08:54

The Income Tax Department has introduced a new feature on its website that enables taxpayers to discard unverified original, belated, or revised Income Tax Returns (ITRs) for Assessment Year (AY) 2023-24 onwards.

Posted in Income Tax | 5247 Views

Deadline Approaches for Updated ITR-U Filings for AY 2021-22 by 31st March 2024

25 November 2023 at 08:46

Urgent Reminder for Taxpayers: File Your Updated Income Tax Return by March 31, 2024

Posted in Income Tax | 9768 Views

Survey: Over 50% of Individuals Receive IT Refunds in a Month

24 November 2023 at 08:44

Indian Taxpayers and Businesses Celebrate Expedited Refunds, Reveal CII Survey

Posted in Income Tax | 4446 Views

CBDT Appoints Deputy Director General of UIDAI as Authority u/s 138 of the IT Act

23 November 2023 at 08:48

The Central Board on Direct Taxes (CBDT) has designated the Deputy Director General (Tech Development Division) of the Unique Identification Authority of India (UIDAI) as an authority under Section 138 of the Income Tax Act, 1961.

Posted in Income Tax | 2556 Views