Income Tax News

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 | 12462 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 | 11412 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 | 10878 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 | 8490 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 | 14397 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 | 7743 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 | 3579 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 | 2655 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 | 7410 Views

New Forms 34C to 34EA introduced for Advance Ruling Filings

14 June 2023 at 09:01

The Income-tax (Ninth Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes (CBDT) on June 12, 2023. The amendment aims to improve the efficiency and effectiveness of the Income-tax Act, 1961.

Posted in Income Tax | 10506 Views