CBDT releases five informational brochures on various aspects of direct taxation for ease of understanding and taxpayers' facilitation at IITF
CBDT has issued Circular No. 16/2024 dated November 18, 2024, addressing the condonation of delay in filing critical income tax forms Form No. 9A, 10, 10B, and 10BB for the Assessment Year (AY) 2018-19 and subsequent assessment years.
In a move aimed at providing relief to taxpayers, the CBIC has issued Notification No. 26/2024 – Central Tax dated November 18, 2024, extending the due date for filing GSTR-3B returns for the month of October 2024.
The Central Bureau of Investigation (CBI) arrested two assistant accounts officers of the CBDT, Pankaj Kumar and Aul Wani, in Panaji on Friday for allegedly demanding and accepting a bribe to clear pending bills of a contractor.
The government has claimed a significant reduction in the tax burden on middle-class individuals earning less than ₹20 lakh annually over the past decade, while the tax contributions from high-income earners (above ₹50 lakh) have surged.
CBDT launches Compliance-Cum-Awareness Campaign for AY 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets and reporting income from foreign sources in ITR
In a significant development, the High Court of Karnataka has issued an interim order restraining the Bengaluru-based Institute of Chartered Tax Practitioners India (ICTPI) from enrolling candidates into various courses
It has been reported by few taxpayers that their GSTR-2B for October-2024 period has not been generated on 14th November, 2024.
Union Finance Minister Nirmala Sitharaman firmly rejected the Karnataka government’s allegations of "step-motherly treatment" in tax devolution, describing the claims as baseless and aimed at misleading voters.
In a significant milestone, more than 8 crore income tax returns (ITRs) have been filed for the assessment year (AY) 2024-25, reflecting a robust filing season.
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