Income Tax News

Over 1 Crore ITRs Submitted in Record Time, Outpacing Previous Year's Figure

28 June 2023 at 08:52

Over 1 crore ITRs have been filed till 26th June this year compared to 1 crore ITRs filed till 8th of July last year.

Posted in Income Tax | 2088 Views

CBDT implements amendments to rules governing institutions, trusts and funds

26 June 2023 at 08:35

The Income-tax (Eleventh Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes on June 23, 2023. The amendments made by these rules are applicable from October 1, 2023.

Posted in Income Tax | 12336 Views

IT Raids on YouTubers: Kerala's Digital Stars in the Crosshairs

24 June 2023 at 16:22

The Income Tax department conducted raids on Thursday at the residences and offices of 13 prominent YouTubers and content creators in Kerala, including actress Pearle Maaney

Posted in Income Tax | 11286 Views

CBDT inserts New IT Rule 21AGA and amends IT Rules 2BB, 3 & 5

23 June 2023 at 08:53

The Central Board of Direct Taxes (CBDT) has recently issued Notification 43/2023, introducing crucial amendments to the Income-tax Rules, 1962.

Posted in Income Tax | 10590 Views

ITR-2 Offline Utility for AY 2023-24 Now Accessible for Filing Tax Returns

22 June 2023 at 08:54

Offline utility of ITR-2 for AY 2023-24 is available for filing. You can download it from the Income Tax Department website.

Posted in Income Tax | 8301 Views

New tab enabled for direct AIS access on income tax e-Filing portal

21 June 2023 at 13:22

The Income Tax Department has introduced a new tab on the e-filing portal for accessing the Annual Information Statement (AIS).

Posted in Income Tax | 14328 Views

CBDT specifies scope of e-Appeals Scheme, 2023 in order u/s 246(6) of IT Act

21 June 2023 at 08:47

CBDT (Central Board of Direct Taxes) has issued an order on June 16, 2023 to specify the scope of the e-Appeals Scheme, 2023 under Section 246(6) of the Income-tax Act, 1961.

Posted in Income Tax | 7563 Views

DCB bank enables E-Pay tax service with OTC and Net Banking options

20 June 2023 at 08:46

E-Pay Tax service is now enabled for DCB Bank with Over the Counter and Net Banking options

Posted in Income Tax | 3537 Views

Gross Direct Tax Collections Surge by 12.73% in FY 2023-24

19 June 2023 at 08:41

Gross Direct Tax collections for Financial Year (FY) 2023-24 register a growth of 12.73%

Posted in Income Tax | 2550 Views

CBDT empowers JCIT(A)/Addl. CIT(A) for smooth e-Appeal proceedings

16 June 2023 at 08:44

The Central Board of Direct Taxes (CBDT) has appointed Joint Commissioner of Income-tax (Appeals) (JCIT(A))/Additional Commissioner of Income-tax (Appeals) (Addl. CIT(A)) for facilitating e-appeal proceedings.

Posted in Income Tax | 7311 Views