Income Tax News


CBDT released Excel Offline Utility for ITR-5

   15 June 2022 at 14:10

CBDT has released Excel Offline Utility dated June 14, 2022 for ITR-5.

Posted in Income Tax |   4377 Views


CBDT notifies 331 as Cost Inflation Index for FY 2022-23

   15 June 2022 at 10:24

CBDT notifies Cost Inflation Index for FY 2022-23 at 331 vide Notification No. 62/2022-Income Tax dated: 14th June, 2022.

Posted in Income Tax |   17466 Views


IT Department aims to spread tax literacy among children through games, puzzles and comics

   13 June 2022 at 08:53

CBDT has brought out products to introduce concepts related to taxation, often perceived to be complicated, to high school students through board Games, puzzles and comics. 

Posted in Income Tax |   3333 Views


CBDT Chairman: Taxpayers base and ITRs rose for FY 2022

   12 June 2022 at 09:13

The number of income tax returns has increased in FY22 over the previous fiscal, Central Board of Direct Taxes Chairman Sangeeta Singh said on Saturday.Talking to PTI, Ms Singh said the number of income tax returns last fiscal was 7.14 crore against

Posted in Income Tax |   3921 Views


Compliance Check Functionality for Section 206AB & 206CCA of Income-tax Act 1961

   10 June 2022 at 08:48

Section 206AB and 206CCA of the Income-tax Act,1961 (effective from 1st July 2021 and amended via Finance Act, 2022), imposed higher TDS/TCS rate on the "Specified Persons"

Posted in Income Tax |   5331 Views


CBDT's e-book "Aarohan" released by Dr. Jitendra Singh

   09 June 2022 at 08:43

Union Minister of State (Independent Charge) Dr. Jitendra Singh releases CBDT’s e-book "Aarohan"

Posted in Income Tax |   2022 Views


IT Department clarifies rate of TDS on VDA continues to be 1%

   09 June 2022 at 08:43

The IT department on Wednesday clarified that the TDS on virtual digital assets continues to be 1%.

Posted in Income Tax |   9057 Views


CBDT amends provisions on Eligible Investment Fund

   08 June 2022 at 08:54

CBDT vide Notification No. 59/2022 specified in case of an eligible investment fund referred to in sub section (8A) of section 9A of the IT Act 1961.

Posted in Income Tax |   3636 Views


IT department directs Infosys to fix glitches in new e-filing portal

   07 June 2022 at 14:45

Income Tax department on Tuesday directed Infosys to address fresh technical glitches on the tax department's e-filing portal.

Posted in Income Tax  2 comments |   7911 Views


CBDT issues clarification regarding Form No 10AC issued till the date of this Circular

   04 June 2022 at 08:55

Clarification regarding Form No 10AC issued till the date of this Circular

Posted in Income Tax |   7596 Views