Income Tax News
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
New Tax Regime Will Leave Higher Disposable Income: FM Nirmala Sitharaman
11 February 2023 at 08:36Union Finance Minister Nirmala Sitharaman on Friday said the new tax regime will leave higher disposable income in the hands of people.
CBDT issued corrigendum explaining amendments made in direct tax laws vide Finance Act 2022
08 February 2023 at 08:48CBDT 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
Taxpayers aged between 18 to 35 years filed 2,09,06,829 ITRs till 31st Jan 2023
07 February 2023 at 08:38For 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
Direct tax collection stands at Rs. 14.71 lakh crore, records 24.58% growth
12 January 2023 at 08:36Gross collections at Rs. 14.71 lakh crore 24.58% higher than the corresponding period of last year
CBI arrests Chennai Income Tax officer and CA in a bribery case
09 January 2023 at 08:31The 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.
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 08:41CBDT 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.
IT officer held for seeking Rs 10K bribe sent to 2-day CBI remand by Mumbai court
07 January 2023 at 08:39A special court here on Thursday remanded an income tax officer to two-day custody of the CBI after he was arrested for allegedly demanding a bribe of Rs 10,000 for cancelling a PAN (permanent account number) card of a Mumbai resident.
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