Income Tax News
IT department detects Rs 2500 crore default at MP mining centres
27 February 2023 at 08:29In a surprise inspection the TDS wing of Income Tax department in Bhopal carried out searches at four district mining offices in the state on Friday.
Income Tax: Dissemination of High-Risk transaction and High-Risk Non-PAN Transaction cases on Verification module of Insight portal
24 February 2023 at 08:39Dissemination of High-Risk transaction and High-Risk Non-PAN Transaction cases on Verification module of Insight portal.
Amendment in Audit Report Format of Trust (Form No.10B) & Rule 16CC & 17B
23 February 2023 at 08:45The CBDT has notified the Income-tax (3rd Amendment) Rules, 2023, to amend IT Rules 16CC/17B and Forms 10B/10BB which shall be effective as of 01/04/2023, vide Income Tax Notification 7/2023.
IT department searches Uflex offices across 64 locations
22 February 2023 at 08:36The income-tax department on Tuesday conducted searches at 64 locations related to packaging company Uflex across the country, including its Noida office.
CBDT released new Income Tax Calculator for Old Regime vis-à-vis New Regime as proposed by Finance Bill, 2023
20 February 2023 at 08:40CBDT released the Tax Calculator regarding the Old Regime vis-à-vis New Regime for Individual/ HUF/ AOP/ BOI/ Artificial Juridical Person (AJP) as per section 115BAC as proposed by Finance Bill, 2023.
IT Department carries out survey operations in Delhi & Mumbai
18 February 2023 at 07:33A survey action under section 133A of the Income- tax Act, 1961(the Act) was carried out at the business premises of group entities of a prominent international Media Company at Delhi and Mumbai.
Income Tax officials conduct searches at BBC's Delhi and Mumbai offices
15 February 2023 at 08:30Income 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
CBDT notifies New ITR Forms for AY 2023-24
14 February 2023 at 08:59New ITR Forms for AY 2023-24 has been notified by CBDT
Demonetisation led to detection of black money, increase in tax collection and widening of tax base
14 February 2023 at 08:59Demonetisation, 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
Direct tax collections up 24.09% to Rs 15.67 lakh crore till 10th Feb 2023
13 February 2023 at 08:40Direct 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
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