Income Tax News

Form 10A filing for AY 2022-23 begins

09 June 2023 at 08:53

The Central Board of Direct Taxes (CBDT) has enabled the filing of Form 10A for regular registration/approval for Assessment Year (AY) 2022-23.

Posted in Income Tax | 19554 Views

ITR-3 for AY 2023-24 now available online with prefilled data

09 June 2023 at 08:52

Income Tax Return Form of ITR-3 for AY 2023-24 is enabled to file through Online mode with prefilled data at the portal.

Posted in Income Tax | 15240 Views

CBDT revises exceptions to monetary limits for filing appeals deferred in Section 158AB provisions

08 June 2023 at 08:58

The Income Tax Department has revised the exceptions to the monetary limits for filing appeals deferred under the provisions of Section 158AB of the Income Tax Act, 1961.

Posted in Income Tax | 5667 Views

UP Farmer Receives 23 Tax Notices Totaling Rs 1.6 Crore Due to Bank Error

08 June 2023 at 08:54

A farmer from Uttar Pradesh's Phaloda village received about 23 notices over the past year from the Income Tax Department, asking him to pay outstanding taxes of Rs 1.6 crore.

Posted in Income Tax | 2775 Views

ED detains Income Tax official from Ahmedabad in money laundering case

06 June 2023 at 08:58

The Enforcement Directorate (ED) on June 5 arrested an Income Tax (I-T) official from Ahmedabad in connection with a money laundering case

Posted in Income Tax | 6144 Views

BBC acknowledges reduced tax contributions in India

06 June 2023 at 08:57

The BBC has admitted that it paid lower taxes in India than it should have, following an investigation by the country's income tax department.

Posted in Income Tax | 4743 Views

IT Department initiates FIRs against 404 individuals and CA in bogus refund cases

05 June 2023 at 08:45

The Income Tax Department Srinagar has taken a serious view of the bogus refunds claimed by various persons in the past few years.

Posted in Income Tax | 42381 Views

Noida police busts multi-crore racket exploiting PAN card data of over 635,000 individuals

03 June 2023 at 13:26

In a breakthrough, the Noida police have successfully busted a sophisticated multicrore racket operated by a gang that used the Pan card data of approximately 635,000 individuals.

Posted in Income Tax | 9894 Views

Delayed Refund and Loss Carry Forward Claims Granted under IT Act 1961

03 June 2023 at 09:01

The Central Board of Direct Taxes (CBDT) has issued Circular No. 07/2023 dated May 31, 2023, regarding the condonation of delay in filing refund claim and claim of carry forward of losses under Section 119(2)(b) of the Income-tax Act, 1961 ("the IT Act").

Posted in Income Tax | 6126 Views