Income Tax News


Record Surge: Advance Tax Collection Signals Economic Growth

   18 December 2023 at 07:45

Advance tax collection for direct taxes has demonstrated an impressive surge, marking a substantial 19.76% growth compared to the previous year

Posted in Income Tax |   2268 Views


Income Tax Department Issues Erroneous Notices, CAs Demand Rectification

   18 December 2023 at 07:45

Income Tax Department Sparks Panic with Erroneous Notices, Chartered Accountants Demand Rectification

Posted in Income Tax |   9720 Views


IT Department Uncovers Rs 700 Crore Unaccounted Transactions in Surat Real Estate Scandal

   18 December 2023 at 07:45

Directorate of Investigations of the Income Tax (I-T) department in Surat has unraveled unaccounted business transactions amounting to Rs 700 crore during searches conducted on the premises of two real estate firms.

Posted in Income Tax |   3273 Views


Net Direct Tax Collection Hits Rs 10.64 Lakh Crore, Surges to 58.34% of Budget Estimates in Apr-Nov

   16 December 2023 at 08:59

India's Robust Fiscal Performance: Direct Tax Collection Surges to 58.34% of Budget Estimates

Posted in Income Tax |   3027 Views


IT Raids Target Businessmen and Former TMC MLA Under Scrutiny for Alleged Tax Evasion

   15 December 2023 at 09:00

Income Tax Raids Uncover Alleged Tax Non-Payment by Prominent West Bengal Businessmen, Former TMC MLA under Scrutiny

Posted in Income Tax |   2094 Views


Survey Reveals 63% of Taxpayers Still Prefer Old Tax Regime

   12 December 2023 at 08:50

Survey Reveals Tax Regime Preferences Among Indians, Unveiling Gender Disparities and Investment Trends

Posted in Income Tax |   2271 Views


Income Tax Authorities Affirm Commitment to Prioritize Grievance Redressal for Taxpayers

   11 December 2023 at 08:52

Income Tax Officials Prioritize Grievance Redressal, Urge Timely Tax Payments for Societal Development

Posted in Income Tax |   1881 Views


Income Tax Raids Uncover Over Rs 200 Crore in Jharkhand and Odisha

   09 December 2023 at 14:48

Massive Tax Raids Unearth Over Rs 200 Crore, Cash Seized from Congress Leader Dheeraj Sahu's Premises in Odisha and Jharkhand

Posted in Income Tax |   2916 Views


IT Department Introduces User-Friendly Calculator for AY 2024-25 for Seamless Comparison of Tax Liabilities in Old and New Regime

   08 December 2023 at 09:05

Income Tax Department Unveils User-Friendly Tax Calculator for AY 2024-25, Streamlining Regime Comparison

Posted in Income Tax |   10104 Views


IT Department Urges Accurate ITR Filing, Cautions Against Wrongful Deductions

   08 December 2023 at 09:04

Income Tax Department Issues Vital Reminder: Caution Urged Against Erroneous Deductions in Returns

Posted in Income Tax |   5595 Views