Income Tax News
IT dept launches Excel-based utility of ITR-2 for AY 2023-24
13 May 2023 at 08:48Excel Utility of ITR-2 for AY 2023-24 is available for filing
IT department considers imposing tax on Netflix's India Operations
13 May 2023 at 08:50India is taking steps to impose tax on income generated by Netflix Inc's from streaming services in the country.
Formation agents of companies, LLPs to be covered under PMLA
10 May 2023 at 08:47The government on Tuesday amended the anti-money laundering law to bring individuals acting as formation agents of companies and others under its ambit.
Income Tax Department conducts raids on builders in Pune
05 May 2023 at 08:36The Income Tax Department has initiated raids in Pune's Aundh area this morning, targeting builders suspected of malpractices. Sindh Society in Aundh, along with three other locations, has been raided by the department.
IT department added new Functionality 'Download CSI File' for TAN based Payment
05 May 2023 at 08:35A new feature has been added to the Income Tax Department portal - The ability to download CSI files for TAN-based payments.
IT dept to soon notify modified valuation rules, investor classes for taxing foreign investments in unlisted companies
01 May 2023 at 08:41The Income Tax Department will soon notify rules specifying the class of investors and norm of valuation for implementation of the Budget provision of taxing foreign investment in unlisted companies.
Form No. 70 made available for filing on IT portal
29 April 2023 at 08:33Income Tax Department issued an update regarding - Form No. 70 notified vide Notification No.111/2022 dated 28-Sep-2022, is available for filing on the portal.
e-Pay Tax service is now enabled for RBL Bank with Over the Counter and Net Banking option
29 April 2023 at 08:31List of banks for tax payments available at e-Pay Tax service at e-Filing Portal
FM Nirmala Sitharaman chairs review meeting with CBDT
27 April 2023 at 08:38Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired a periodic review meeting with Central Board of Direct Taxes (CBDT)
SC ruling on Income Tax searches to give big relief to taxpayers
27 April 2023 at 08:37The Supreme Court has held that the income tax (I-T) department cannot reopen completed assessments under the Section 153A of the I-T Act
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