Income Tax Department has released updated e-filing utilities for ITR-7. This form is specifically for persons including companies required to furnish returns under sections 139(4A), 139(4B), 139(4C), or 139(4D) of the Income Tax Act, 1961.
In a landmark decision, the Ministry of Finance has approved an appeal by a senior Indian Revenue Service (IRS) officer to officially change her name and gender - the first instance of such a change in the history of the Indian Civil Service.
CBDT has issued new guidelines via F.No.299/10/2022-Dir(Inv.III)/1522 dated June 26, 2024. These guidelines are set to bring clarity and consistency in the handling of cases involving income that has escaped assessment.
State-owned Bank of Baroda has disclosed in a regulatory filing that it has received a demand order of Rs 1,067.82 crore under Section 156 of the Income Tax Act, 1961, for the assessment year 2017-18
The transport department in Chennai has seen a significant boost in earnings following the implementation of increased motor vehicle taxes and other charges effective from November 9 last year.
The Income Tax Department has issued a stern warning to taxpayers, cautioning against filing income tax returns with false claims for exemptions and deductions...
Ravi Agrawal, the newly appointed Chairman of the Central Board of Direct Taxes (CBDT), emphasized the critical role of the Income Tax Department in shaping the nation’s economy, ease of doing business, and international transactions.
The Income Tax Department has updated the list of banks available for the e-Pay Tax service on the e-Filing portal.
In a recent development, HDFC Life Insurance announced on Friday that it has received a tax demand of Rs 1,495.17 crore from the Income Tax department for the assessment year 2021-22.
In a significant administrative move, Ravi Agrawal, a 1988-batch Indian Revenue Service (IRS) officer, has been appointed as the new chairman of the Central Board of Direct Taxes (CBDT), the top policy-making body for the Income Tax Department.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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