Income Tax News

CBDT Releases Circular Explaining Amendments Of Income-Tax Act Carried Out Through Finance Act, 2023

24 January 2024 at 09:19

The Central Board of Direct Taxes (CBDT) has issued Circular No. 1/2024 on January 23, 2024, offering a detailed explanation of the provisions of the Finance Act, 2023.

Posted in Income Tax | 16314 Views

Income Tax Notices Hit Insurers' Intermediaries for Alleged Fund Routing Violations Under Benami Law

23 January 2024 at 09:04

In a new twist, insurers and their agents are now grappling with notices under the Benami Transactions (Prohibition) Amendment Act, 2016, following last year's run-ins with income and service tax authorities.

Posted in Income Tax | 7203 Views

Income Tax Portal | 'Know Your Refund Status' Functionality Moved to Post-Login Mode

22 January 2024 at 09:11

In a move aimed at improving user accessibility and providing enhanced insights, the Income Tax Department has recently revamped the placement of the "Know Your Refund Status" feature on the income tax e-filing portal.

Posted in Income Tax | 7875 Views

Delhi High Court Halts NFRA Proceedings Against CA for Tax Deduction Claim Allegations

22 January 2024 at 09:08

In a recent development, the Delhi High Court has intervened in a case involving a Chartered Accountant (CA) facing proceedings under the Companies Act for alleged professional misconduct.

Posted in Income Tax | 7002 Views

Delhi High Court Discharges Income Tax Officer in Bribery Case, Citing Insufficient Evidence

19 January 2024 at 09:12

The Delhi High Court has exonerated a senior income tax official who was facing graft charges lodged by the Central Bureau of Investigation (CBI).

Posted in Income Tax | 3291 Views

Income Tax Department Releases Enhanced E-filing Utility and JSON Schema for Form 10BB Audit Reports

19 January 2024 at 09:11

The Income Tax Department has introduced an upgraded e-filing utility and JSON schema for the filing of Form 10BB Audit Reports.

Posted in Income Tax | 5328 Views

CBDT Enables Online E-filing of Form 15CD for FY 2023-24

19 January 2024 at 09:10

The Central Board of Direct Taxes (CBDT) has announced the commencement of online filing for Form 15CD for the Financial Year 2023-24. This move aims to streamline and simplify the process for taxpayers, marking a shift towards digitization in compli

Posted in Income Tax | 6777 Views

Actor D. Sivakarthikeyan Receives Rs 12.60 Lakh Income Tax Refund After TDS Discrepancy Resolution

18 January 2024 at 09:23

In a recent legal victory, renowned actor D. Sivakarthikeyan has successfully secured a refund of ₹12.60 lakh from the Income Tax department

Posted in Income Tax | 7776 Views

Income Tax Benefits Granted To 2975 DPIIT Recognised Startups

18 January 2024 at 09:14

In a significant update on the state of India's startup ecosystem, a senior official revealed on Monday that a total of 2,975 government-recognized startups have been granted income tax exemptions

Posted in Income Tax | 2619 Views

Income Tax Portal Unveils 'Authenticate Insight DIN' for Advanced Communication Security and Verification

16 January 2024 at 08:34

In a significant development aimed at enhancing the security and convenience for taxpayers, the Income Tax portal has introduced the innovative 'Authenticate Insight DIN' feature.

Posted in Income Tax | 9207 Views