Income Tax News
FirstCry Founder Under Investigation for Suspected $50 Million Tax Evasion
31 August 2023 at 08:55The Income Tax department of India is probing an alleged tax evasion of $50 million by Supam Maheshwari, the founder of FirstCry, an online retailer of baby and child products.
Income Tax Authority Set to Investigate 20 Entities for Potential Irregularities in Adani Share Profits
30 August 2023 at 14:25The income-tax department is considering a potential investigation into both domestic and overseas entities for possible tax evasion related to profits gained from short-selling shares of companies within the Adani Group. This move comes in the wake
Income Tax Department Probes 6 Foreign Tour Package Companies for Alleged Tax Evasion
30 August 2023 at 08:46The Income Tax Department is investigating tax evasion by six companies that offer foreign tour packages.
CBDT Notifies New Income Tax Rules 13 and 13A Aligned with Finance Act, 2023
30 August 2023 at 08:44CBDT (Central Board of Direct Taxes) notified Rules 13 and 13A of the Income Tax Rules on August 28, 2023, to implement the amendments made to section 132 of the Income Tax Act, 1961 by the Finance Act, 2023.
Offline Mode Enabled for E-Filing of Form 10B for AY 2023-24
29 August 2023 at 08:39E-filing of Form 10B for A.Y. 2023-24 is enabled through offline mode. Taxpayers can download Offline Utility through "Downloads" Menu option ->Click on Form 10B->Form utility (From AY 23-24 onwards).
CBDT launches revamped National Website of Income Tax Department
26 August 2023 at 14:33CBDT launches revamped National Website of the Income Tax Department www.incometaxindia.gov.in
Govt Aims to Slash Income Tax Refund Processing Time from 16 Days to 10 Days
26 August 2023 at 08:47The proposed reduction from 16 days to 10 days, as per reports, indicates the Income Tax department's efforts to streamline its operations and enhance efficiency.
Form-10B Utility Released by Income Tax Department
25 August 2023 at 08:45Income Tax Department has released the Form 10B utility on August 24, 2023.
5.5 Crore Taxpayers Likely to Have Opted for New Tax Regime in FY24: A Comparative Analysis
23 August 2023 at 08:46Taxpayers have the flexibility to choose between the new and old tax regimes based on their financial circumstances and tax-saving preferences. If individuals find that the new regime is more beneficial for them, they can switch to it.
CBDT | Rent-Free Accommodation Taxed as Perquisite
22 August 2023 at 08:50The Income tax (Eighteenth Amendment), Rules, 2023 was notified by the Central Board of Direct Taxes (CBDT) on August 18, 2023. These rules amend the Income-tax Rules, 1962, with effect from September 1, 2023.
Popular News
- Central Excise Duty Revised to Rs 2.5 and Rs 8.5 Per Litre from 16th October 2026
- ICAI Issues New Tender Guidelines for Practising CAs, Bars Bids Without Minimum Fees
- CBDT Revises Form 161 for Penalty Waiver Applications Under Income Tax Act 2025
- GST Return Reforms: New ITC Reconciliation Mechanism Proposed from April 2027
- GSTN Introduces New e-Invoicing Facility for Reverse Charge Transactions: RCMDOM and RCMIMP Explained
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
