Income Tax News
Direct Tax Collections Soar 182% in 10 years, Hit Rs 19.60 Trillion in FY24
19 October 2024 at 08:05India's direct tax collections have seen an unprecedented surge of 182% in the decade under Prime Minister Narendra Modi's leadership, crossing ₹19.60 trillion in the fiscal year 2023-24.
CBDT Releases Updated TDS Rates for FY 2024-25
18 October 2024 at 09:13The Central Board of Direct Taxes (CBDT) has announced revised TDS rates for the financial year 2024-25, applicable for the assessment year 2025-26.
CBDT Exempts RBI from TCS Requirement under Section 206C(1F) of the Income Tax Act
18 October 2024 at 09:13CBDT has issued Notification No. 115/2024, dated October 16, 2024, exempting the Reserve Bank of India (RBI) from the requirement of tax collection at source (TCS) under Section 206C(1F) of the Income Tax Act, 1961
CBDT issues Revised Guidelines for Compounding Offences under IT Act 1961
18 October 2024 at 09:12CBDT has issued Revised Guidelines for Compounding of offences under the Income-tax Act, 1961(the 'Act') on 17.10.2024.
CBDT releases Updated Time Series data upto FY 2023-24
18 October 2024 at 09:11The Central Board of Direct Taxes (CBDT) has released updated Time-Series data up to FY 2023-24.
CBDT Amends IT Rules for Easier TCS/TDS Credit Claims by Salaried Employees and Parents of Minors
17 October 2024 at 16:38CBDT Notifies Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and Enabling claiming TCS Credit of Minors in the Hands of Parents
CBDT Unveils Form 12BAA and Revised TDS/TCS Guidelines
17 October 2024 at 09:03The Central Board of Direct Taxes (CBDT) has issued Notification No. 112/2024 on October 15, 2024, introducing significant modifications to the Income-tax (Eighth Amendment) Rules, 2024.
CBDT Notifies Key Changes to Forms 10A and 10AB
17 October 2024 at 09:00The Central Board of Direct Taxes (CBDT) has announced significant amendments to the Income-tax Rules through Notification No. 111/2024, dated October 15, 2024.
New ITR E-Filing Portal 3.0 to Launch Soon: IT Dept Invites Suggestions
17 October 2024 at 08:55The Income Tax Department is gearing up to introduce a new and improved e-filing portal, as part of Project IEC 3.0, to replace the current platform (IEC 2.0). ..
CBDT Frees 1 Lakh Sq. Ft, Earns Revenue from Scrap in Special Campaign 4.0 Cleanliness Drive
17 October 2024 at 08:54The Central Board of Direct Taxes (CBDT), in collaboration with the field units of the Income Tax Department, is actively implementing Special Campaign 4.0
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
