Income Tax News

DCB bank enables E-Pay tax service with OTC and Net Banking options

20 June 2023 at 08:46

E-Pay Tax service is now enabled for DCB Bank with Over the Counter and Net Banking options

Posted in Income Tax | 3576 Views

Gross Direct Tax Collections Surge by 12.73% in FY 2023-24

19 June 2023 at 08:41

Gross Direct Tax collections for Financial Year (FY) 2023-24 register a growth of 12.73%

Posted in Income Tax | 2592 Views

CBDT empowers JCIT(A)/Addl. CIT(A) for smooth e-Appeal proceedings

16 June 2023 at 08:44

The Central Board of Direct Taxes (CBDT) has appointed Joint Commissioner of Income-tax (Appeals) (JCIT(A))/Additional Commissioner of Income-tax (Appeals) (Addl. CIT(A)) for facilitating e-appeal proceedings.

Posted in Income Tax | 7371 Views

New Forms 34C to 34EA introduced for Advance Ruling Filings

14 June 2023 at 09:01

The Income-tax (Ninth Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes (CBDT) on June 12, 2023. The amendment aims to improve the efficiency and effectiveness of the Income-tax Act, 1961.

Posted in Income Tax | 10476 Views

CBDT notifies e-advance rulings (Amendment) Scheme, 2023

14 June 2023 at 09:00

The e-advance rulings (Amendment) Scheme, 2023 was notified by the Central Board of Direct Taxes (CBDT) on June 12, 2023.

Posted in Income Tax | 5844 Views

Central Govt doubles tax devolution to states, releases Rs 1,18,280 crore in 3rd instalment

13 June 2023 at 08:50

Central Government releases ₹1,18,280 crore as 3rd instalment of tax devolution to State Governments as against normal monthly devolution of ₹59,140 crore

Posted in Income Tax | 2733 Views

Finance Ministry set to provide clarity on TCS for foreign remittance under LRS

12 June 2023 at 08:44

Finance Ministry is going to come out with a detailed clarification regarding TCS (Tax Collected at Sources) on Liberalised Remittance Scheme (LRS), a senior Government official said on Friday.

Posted in Income Tax | 8142 Views

Income Tax Assessees Granted 21 Days to Respond to Refund Adjustment Intimations

12 June 2023 at 08:43

An income tax assessee will get 21 days to respond to notices issued by the Central Processing Centre (CPC) regarding set-off and withholding of refund.

Posted in Income Tax | 9288 Views