Income Tax News

Delhi High Court Halts NFRA Proceedings Against CA for Tax Deduction Claim Allegations

22 January 2024 at 09:08

In a recent development, the Delhi High Court has intervened in a case involving a Chartered Accountant (CA) facing proceedings under the Companies Act for alleged professional misconduct.

Posted in Income Tax | 7002 Views

Delhi High Court Discharges Income Tax Officer in Bribery Case, Citing Insufficient Evidence

19 January 2024 at 09:12

The Delhi High Court has exonerated a senior income tax official who was facing graft charges lodged by the Central Bureau of Investigation (CBI).

Posted in Income Tax | 3291 Views

Income Tax Department Releases Enhanced E-filing Utility and JSON Schema for Form 10BB Audit Reports

19 January 2024 at 09:11

The Income Tax Department has introduced an upgraded e-filing utility and JSON schema for the filing of Form 10BB Audit Reports.

Posted in Income Tax | 5328 Views

CBDT Enables Online E-filing of Form 15CD for FY 2023-24

19 January 2024 at 09:10

The Central Board of Direct Taxes (CBDT) has announced the commencement of online filing for Form 15CD for the Financial Year 2023-24. This move aims to streamline and simplify the process for taxpayers, marking a shift towards digitization in compli

Posted in Income Tax | 6777 Views

Actor D. Sivakarthikeyan Receives Rs 12.60 Lakh Income Tax Refund After TDS Discrepancy Resolution

18 January 2024 at 09:23

In a recent legal victory, renowned actor D. Sivakarthikeyan has successfully secured a refund of ₹12.60 lakh from the Income Tax department

Posted in Income Tax | 7776 Views

Income Tax Benefits Granted To 2975 DPIIT Recognised Startups

18 January 2024 at 09:14

In a significant update on the state of India's startup ecosystem, a senior official revealed on Monday that a total of 2,975 government-recognized startups have been granted income tax exemptions

Posted in Income Tax | 2616 Views

Income Tax Portal Unveils 'Authenticate Insight DIN' for Advanced Communication Security and Verification

16 January 2024 at 08:34

In a significant development aimed at enhancing the security and convenience for taxpayers, the Income Tax portal has introduced the innovative 'Authenticate Insight DIN' feature.

Posted in Income Tax | 9207 Views

New Income Tax Regime Faces Potential Tweaks for Further Enhancements

15 January 2024 at 08:31

Government sources, speaking on condition of anonymity, reveal that any further shift of taxpayers to the concessional personal income tax regime might necessitate additional tweaks for increased attractiveness.

Posted in Income Tax | 5502 Views

Income Tax Raid on 4 Noida Builders Yields Rs 1500 Crore Unaccounted Cash

15 January 2024 at 08:28

40 Teams, 250 Officials Deployed in Intensive 6-Day Search on Bhutani Infra, Group 108, Advent, and Logix

Posted in Income Tax | 7194 Views

Direct Tax Collections Soar: 80.61% of Budget Estimates Achieved in FY 2023-24

12 January 2024 at 11:36

Gross Direct Tax collections at Rs. 17.18 lakh crore with Y-o-Y growth of 16.77%, as on 10th January, 2024

Posted in Income Tax | 2466 Views