Income Tax News
Income Tax Dept Rolls Out Enhanced Offline Utility for Forms 3CA-3CD and 3CB-3CD
08 September 2023 at 09:09Income Tax Department has released an updated offline utility for Forms 3CA-3CD and 3CB-3CD on September 6, 2023. The utility can be downloaded from the Income Tax Department's website.
IT Dept Facilitates Online Filing of Forms 26Q, 27Q and 27EQ for Q1 FY 2023-24
08 September 2023 at 09:09Income Tax Department has enabled the filing of Forms 26Q, 27Q, and 27EQ for the first quarter of the financial year 2023-24.
Income Tax Department Notifies Salaried Taxpayers About Deduction Discrepancies in Form 16
06 September 2023 at 09:00Income Tax Department (ITD) has started sending intimations to salaried taxpayers whose deductions are not in sync with Form 16.
Income Tax Department Urges Taxpayers to Verify Bank Account Validation Status
06 September 2023 at 08:59Income Tax Department (ITD) has advised taxpayers to verify the validation status of their bank account on the e-filing portal.
Over 88% of 6.98 Crore ITRs for AY 2023-24 Verified and Processed as of 5th Sept 2023
06 September 2023 at 08:546.84 crore ITRs verified out of 6.98 crore ITRs filed for AY 2023-24 with over 88% of verified ITRs processed as on 5th Sept. 2023More than 2.45 crore refunds for AY 2023-24 issuedThe Income Tax Department is committed to process the Income Tax Retur
ICAI releases Guidance Note on Tax Audit u/s 44AB of IT Act, 1961
05 September 2023 at 08:49ICAI releases Revised 2023 Edition of Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961.
Clarification on 80P Error from Income Tax Department
04 September 2023 at 08:41The Income Tax Department has clarified that the error in the 80P deduction notices was sent inadvertently. The department has assured taxpayers that an email communication addressing this issue will be sent out shortly.
Former CM Chandrababu Naidu Gets Rs 118 Crore IT Notice
02 September 2023 at 08:53The Income Tax department has taken a significant step by issuing a show-cause notice to N. Chandrababu Naidu, the former Chief Minister and Telugu Desam supremo.
CBDT Introduces Form 71 for TDS Credit on Previously Reported Income in ITRs
02 September 2023 at 08:50CBDT notified Form 71 on August 30, 2023, to enable taxpayers to claim TDS credit for income that has been declared in their ITRs for a previous assessment year, but the TDS in a subsequent financial year.
CBDT releases the fifth annual APA report
02 September 2023 at 08:48CBDT records signing of 95 APAs in FY 2022-23, the highest ever in any financial year since the launch of the APA programme
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