Income Tax News
45-Day Payment Policy for MSMEs Receives Endorsement from Industry Associations, FinMin Reveals
28 November 2024 at 09:10The revised Section 43B of the Income-tax Act, 1961, introduced in the Union Budget last year, has been widely endorsed by MSME associations across India, said Pankaj Chaudhary, Minister of State for Finance, in the Lok Sabha on Monday.
PAN 2.0 and TAN Services: A Unified Portal for Seamless Financial Integration
28 November 2024 at 09:10The Permanent Account Number (PAN) has long been a cornerstone of India's financial and administrative systems, connecting individuals and businesses to vital economic activities while promoting financial transparency and compliance.
CBDT Releases FAQs On PAN 2.0 Project
27 November 2024 at 09:09FAQs On PAN 2.0 Project Released by CBDT
CBDT Recognizes SKAN Research Trust as Research Association for Tax Deductions
27 November 2024 at 09:05CBDT, through Notification No. 121/2024 dated November 25, 2024, has officially designated the SKAN Research Trust as a 'Research Association' for the purpose of conducting scientific research u/s 35(1)(ii) of the IT Act, 1961
Cabinet approves the PAN 2.0 Project
26 November 2024 at 09:00The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Shri Narendra Modi, has given its approval for the PAN 2.0 Project of the Income Tax Department.
Income Tax Department Reduces Time Limit for Claiming Refunds to Five Years
25 November 2024 at 09:07The Income Tax Department has issued a circular revising the time frame for taxpayers to claim refunds for old returns.
ED Arrests Bengaluru Man For Manipulating ITRs, Securing Fraudulent Tax Refunds
23 November 2024 at 08:51In a significant crackdown, the Directorate of Enforcement (ED) arrested notorious conman Dilip B R on November 18, 2024, under the Prevention of Money Laundering Act (PMLA), 2002.
CBDT Mandates e-Filing for Forms 42, 43 and 44
22 November 2024 at 10:48The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has announced the issuance of Notification No. 06/2024, dated 19th November 2024, specifying the forms to be submitted electronically under the Income Tax Rules, 1962.
Income Tax Department Stresses TDS Adherence for Mizos Despite Tax Exemption
22 November 2024 at 09:12In a recent meeting held in Aizawl, the Income Tax Department reaffirmed that Mizos, as indigenous people residing in designated tribal areas, are exempt from income tax under Central Government laws.
74% of High-End Corporate Taxpayers Favor Real-Time Tax Reporting: Survey
21 November 2024 at 09:04A recent survey has revealed that 74% of India’s top corporate taxpayers are advocating for the Income Tax (I-T) department to enable near real-time reporting and compliance monitoring.
Popular News
- No Deduction of TDS Under IT Act 2025: Form 121 Rules for Individuals and Senior Citizens
- Maintenance of Books of Accounts Under Income Tax Act, 2025
- Income Tax Refund Rules Under Income Tax Act, 2025: How to Claim Excess Tax Paid
- HUF Tax Rules 2026: New Tax Regime Slabs, Surcharge and Partition Provisions
- Specified Senior Citizens: TDS Rules on Pension and Interest Income Under Income Tax Act, 2025
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
