Income Tax News
CBDT takes up e-Verification for 68,000 cases from FY 2019-20
14 March 2023 at 08:38On a pilot basis, in about 68,000 cases, information of financial transactions pertaining to FY 2019-20 has been taken up for e-Verification
Gross Direct Tax collections rises 22.58% to Rs 16.68 lakh crore up to 10th March
11 March 2023 at 17:04The provisional figures of Direct Tax collections up to 10th March, 2023 continue to register steady growth. Direct Tax collections up to 10th March, 2023 show that gross collections are at Rs. 16.68 lakh crore
IT department enabled new feature 'Comply to Notice' u/s 133(6) of IT Act 1961
11 March 2023 at 08:52The Income Tax Department enabled the new feature 'Comply to Notice' that allows taxpayers to View and Submit Responses to Notices under section 133(6) of the Income Tax Act, 1961 ("the IT Act").
IT department issued important update on Form 26AS and AIS
11 March 2023 at 08:50The Income Tax Department has issued an update on Form 26AS and Annual information statement ("AIS") stating that from Assessment Year ("AY") 2023-24 onwards, Form 26AS display only TDS/TCS data.
Centre releases Rs 1.40 lakh crore tax devolution amount to states
11 March 2023 at 08:48Union Government releases 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore to strengthen hands of States to accelerate their capital and developmental expenditure
CBDT notified Insolvency and Bankruptcy Board of India for exemption u/s 10(46)
04 March 2023 at 08:43CBDT vide Notification No. 09/2023 dated March 01, 2023 has notified Income Tax exemption to the Insolvency and Bankruptcy Board of India ("the IBB") under section 10(46) of the Income-tax Act, 1961 ("the IT Act")
CBDT issues corrigendum w.r.t. ITR Forms for AY 2023-24
02 March 2023 at 08:35CBDT has issued Corrigendum vide Notification No. 8/2023 dated February 28, 2023 to its Notification No. 04/2023 dated February 10, 2023 released to notify the new ITR forms applicable for the AY 2023-24
IT department concludes raids at Uflex after six days
28 February 2023 at 08:27The Income Tax department on Monday concluded its raid on the premises of packaging company Uflex after six days.
IT department detects Rs 2500 crore default at MP mining centres
27 February 2023 at 08:29In a surprise inspection the TDS wing of Income Tax department in Bhopal carried out searches at four district mining offices in the state on Friday.
Income Tax: Dissemination of High-Risk transaction and High-Risk Non-PAN Transaction cases on Verification module of Insight portal
24 February 2023 at 08:39Dissemination of High-Risk transaction and High-Risk Non-PAN Transaction cases on Verification module of Insight portal.
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