Income Tax News

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 | 6798 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 | 7782 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 | 2622 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 | 9213 Views

New Income Tax Regime Faces Potential Tweaks for Further Enhancements

15 January 2024 at 08:31

Government sources, speaking on condition of anonymity, reveal that any further shift of taxpayers to the concessional personal income tax regime might necessitate additional tweaks for increased attractiveness.

Posted in Income Tax | 5502 Views

Income Tax Raid on 4 Noida Builders Yields Rs 1500 Crore Unaccounted Cash

15 January 2024 at 08:28

40 Teams, 250 Officials Deployed in Intensive 6-Day Search on Bhutani Infra, Group 108, Advent, and Logix

Posted in Income Tax | 7227 Views

Direct Tax Collections Soar: 80.61% of Budget Estimates Achieved in FY 2023-24

12 January 2024 at 11:36

Gross Direct Tax collections at Rs. 17.18 lakh crore with Y-o-Y growth of 16.77%, as on 10th January, 2024

Posted in Income Tax | 2469 Views

IT Dept conducts search operations in Mumbai engaged in the manufacturing of electrical items

12 January 2024 at 09:10

Income Tax Department initiated search and seizure operations in the case of a group, engaged in the manufacturing of wires and cables and other electrical items on 22.12.2023.

Posted in Income Tax | 2703 Views

Income Tax Department Mandates LEI for Non-Individuals with Refunds over Rs 50 Crore

11 January 2024 at 09:18

In a recent announcement, the Income Tax Department has introduced a new requirement for non-individual entities regarding the Credit of Refunds exceeding Rs. 50 crore.

Posted in Income Tax | 10797 Views