Income Tax News

Income Tax Department Urges Taxpayers to Address Past Tax Demands for Speedier Refunds

25 September 2023 at 09:00

The Income Tax Department is making every effort to complete the processing of Income Tax Returns (ITRs) and issuance of refunds expeditiously

Posted in Income Tax | 8271 Views

CBDT releases Excel-Based and MAC Utilities for AY 2023-24

25 September 2023 at 08:59

Central Board of Direct Taxes (CBDT) has released Updated Utilities, Excel-based Utility and a MAC Utility for filing Income Tax Returns ITR 3, ITR 5, and ITR 6 for the Assessment Year (A.Y.) 2023-24.

Posted in Income Tax | 6645 Views

CBDT releases Common Offline Utility for filing ITR 1, ITR 2, ITR 3 and ITR 4 for AY 2023-24

25 September 2023 at 08:58

Central Board of Direct Taxes (CBDT) has released updated Common Offline Utility for filing Income Tax Returns ITR 1, ITR 2, ITR 3, and ITR 4 for the Assessment Year (A.Y.) 2023-24.

Posted in Income Tax | 4146 Views

Income Tax Raids Lux Industries Over Rs 200 Crore Tax Evasion Allegation

23 September 2023 at 08:44

Lux Industries, a company in the FMCG (Fast Moving Consumer Goods) sector, is currently undergoing a raid by the Income Tax Department in multiple locations, including Kolkata.

Posted in Income Tax | 12816 Views

Income Tax Department Unveils New Tax Payment Summary Report on AIS Portal

22 September 2023 at 08:58

Income Tax Department of India has recently introduced a new tax payment summary report, which is now accessible in the "Reports" section of the AIS portal

Posted in Income Tax | 26151 Views

Income Tax Department Unveils New DSC Management Utility for Taxpayers

20 September 2023 at 08:47

Income Tax Department has released the latest Digital Signature Certificate (DSC) Management Utility for taxpayers. The new utility is known as emBridge and it can be downloaded from the Income Tax website.

Posted in Income Tax | 13104 Views

CBDT Extends Deadline for Filing Form 10B/10BB and Form ITR-7 for AY 2023-24

19 September 2023 at 08:50

CBDT extends due date for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24

Posted in Income Tax | 26955 Views

Gross Direct Tax Collections for FY 2023-24 Surge by 18.29%

19 September 2023 at 08:48

The provisional figures of Direct Tax collections for the Financial Year 2023-24 show that net collections are at Rs. 8,65,117 crore, compared to Rs. 7,00,416 crore in the corresponding period of the preceding FY, representing an increase of 23.51%.

Posted in Income Tax | 2778 Views

IT Raids Noida Real Estate Firm's Premises in Tax Evasion Probe

19 September 2023 at 08:47

The Income Tax department conducted searches on the premises of a real estate developer called Orris Group and its linked companies in Noida and Greater Noida over suspected tax evasion.

Posted in Income Tax | 4887 Views