Income Tax News

Income Tax officials conduct searches at BBC's Delhi and Mumbai offices

15 February 2023 at 08:30

Income Tax officials today searched the BBC's Delhi and Mumbai offices and seized phones and laptops, weeks after the UK national broadcaster's documentary on Prime Minister Narendra Modi

Posted in Income Tax | 4692 Views

CBDT notifies New ITR Forms for AY 2023-24

14 February 2023 at 08:59

New ITR Forms for AY 2023-24 has been notified by CBDT

Posted in Income Tax | 13539 Views

Demonetisation led to detection of black money, increase in tax collection and widening of tax base

14 February 2023 at 08:59

Demonetisation, inter alia, led to detection of black money, increase in tax collection and widening of tax base: Union MoS for Finance Shri Pankaj ChaudharyDemonetisation, inter alia, led to detection of black money, increase in tax collection and w

Posted in Income Tax | 2502 Views

Direct tax collections up 24.09% to Rs 15.67 lakh crore till 10th Feb 2023

13 February 2023 at 08:40

Direct Tax Collections for F.Y. 2022-23 at ₹15.67 lakh crore - 24.09% higher than gross collections for corresponding period of last year as on 10.02.2023

Posted in Income Tax | 4326 Views

New Tax Regime Will Leave Higher Disposable Income: FM Nirmala Sitharaman

11 February 2023 at 08:36

Union Finance Minister Nirmala Sitharaman on Friday said the new tax regime will leave higher disposable income in the hands of people.

Posted in Income Tax | 4710 Views

CBDT issued corrigendum explaining amendments made in direct tax laws vide Finance Act 2022

08 February 2023 at 08:48

CBDT has issued Corrigendum dated February 06, 2023 to Circular No. 23 of 2022 dated November 03, 2022 on the Explanatory Notes to the Finance Act 2022 regarding the amendments made in direct tax laws vide Finance Act, 2022

Posted in Income Tax | 5616 Views

Taxpayers aged between 18 to 35 years filed 2,09,06,829 ITRs till 31st Jan 2023

07 February 2023 at 08:38

For individual taxpayers between the age of 18 to 35 years, 2,09,06,829 ITRs filed, and Rs 93,318 crore paid in gross taxes, before claim of refund, during FY 2022-23 till 31st January 2023

Posted in Income Tax | 5424 Views

Direct tax collection stands at Rs. 14.71 lakh crore, records 24.58% growth

12 January 2023 at 08:36

Gross collections at Rs. 14.71 lakh crore 24.58% higher than the corresponding period of last year

Posted in Income Tax | 3684 Views

CBI arrests Chennai Income Tax officer and CA in a bribery case

09 January 2023 at 08:31

The CBI has arrested an Income Tax officer and a chartered accountant in Chennai for their alleged involvement in a Rs 2.25 lakh bribery case, officials said on Saturday.

Posted in Income Tax | 5364 Views

CBDT extends time limit for compliance to be made for claiming any exemption u/s 54 to 54GB in view of COVID-19

07 January 2023 at 08:41

CBDT on January 06, 2023, issued a notification regarding the Extension of the time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the IT Act,1961 ('Act') in view of the then-Covid-19 pandemic.

Posted in Income Tax | 10827 Views