Income Tax News
CBDT exempts non-resident taxpayers from mandatory e-filing of Form 10F till 31st March 2023
14 December 2022 at 08:47The Central Board of Direct Taxes (CBDT) has given partial relief to non-resident taxpayers by exempting them from mandatory electronic filing of Form 10F until March 2023.
PAN-Aadhaar linking made mandatory for all PAN holders who do not fall under exempt category
12 December 2022 at 08:38The income tax department has issued a warning to taxpayers who are yet to link their PAN with their Aadhaar.
CBDT issued circular on TDS from salaries u/s 192 during FY 2022-23
09 December 2022 at 08:43INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2022-23 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961
IT dept warns taxpayers of a fake profile posing as income tax customer care
08 December 2022 at 08:38This profile/number, which is posing as Income Tax Department Support/Customer Care, is FAKE. Please do not call the said number or respond to any calls or communication from it asking you to share your personal, financial, or other sensitive information.
ITR of deceased can be considered computing annual income for grant of motor accident compensation
07 December 2022 at 09:40The Supreme Court on Tuesday (6th Dec 2022) ruled that, while calculating annual income for grant of motor accident compensation, the courts can consider the Income Tax Return of the deceased.
IT Department issues updated list of banks for tax payments
03 December 2022 at 08:39List of banks for tax payments available at e-Pay Tax service at e-Filing Portal and OLTAS ePayment of Taxes at Protean (previously NSDL)
IT department moves to resolve tax refund issues quickly
02 December 2022 at 08:39The income-tax department has issued instructions to ensure taxpayer grievances about adjustment of tax dues against pending refunds are resolved quickly to check avoidable litigation.
About Rs 400 crore tax deposited by filing updated ITRs so far
25 November 2022 at 08:41The recently introduced provision of allowing taxpayers to update their tax returns has seen as many as 5 lakh re-filings with about ₹400 crore additional tax coming in, a senior government official said on Thursday.
Verify Aadhaar before accepting it as a proof of identity: UIDAI
24 November 2022 at 16:48Before accepting an Aadhaar either in physical or electronic form for establishing identity of an individual, entities should verify the Aadhaar.
IT department conducts 40 raids across Tamil Nadu alleging tax evasion
24 November 2022 at 08:41The Income Tax department started to conduct surprise raids on goods suppliers to Public Distribution System (PDS) shops in Tamil Nadu on Wednesday.
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