Income Tax News
Income Tax Dept Uncovers Rs 25,000 Crore Extra Payments to Insurance Agents via Benami Entities
15 February 2024 at 09:07Income Tax department has unearthed a complex network of transactions amounting to over Rs 25,000 crore, implicating more than 60 intermediary firms and hundreds of bank accounts in suspected Benami deals within the insurance industry.
Indian Govt Considers Postponing Section 43B(h) Following Industry Pressure
14 February 2024 at 09:04Amidst mounting pressure from trade and industry organizations, the Indian government is considering delaying the implementation of Section 43B(h) of the Income Tax Act.
PIB Fact Check: Section 43B(h) of Income Tax Act Unchanged for MSME Payments
13 February 2024 at 17:11Recently, a viral message has been circulating on social media platforms claiming that alterations have been made to the provisions of Section 43B(h) concerning payments to Micro, Small, and Medium Enterprises (MSMEs) by the Finance Ministry
Direct Tax Collections Reach Rs 18.38 Lakh Crore, Surge 17.30% YoY
12 February 2024 at 12:19Direct Tax collections at 80.23% of total Revised Estimates of Direct Taxes for F.Y. 2023-24 upto 10.02.2024Gross Direct Tax collections at Rs. 18.38 lakh crore with Y-o-Y growth of 17.30%, as on 10th February, 2024Direct Tax collection, Net of refun
PIB Fact Check Exposes Fake Income Tax Notice Requiring Payment for Audited Balance Sheets
12 February 2024 at 09:17A recent tweet by PIB Fact Check has brought to light a deceptive notice circulating on social media platforms, purportedly issued in the name of @IncomeTaxIndia.
Income Tax Department Set to Issue Rs 25,000 Crore Tax Notices to Insurers Over Alleged Evasion
10 February 2024 at 16:39The Income Tax Department is set to send demand notices totaling Rs 25,000 crore to several insurance companies by the end of March.
Taxpayers on Notice: CBDT Chairman Targets Non-filers for Income Tax Returns
10 February 2024 at 09:30The Income Tax Department in India, under the leadership of Nitin Gupta, Chairman of the CBDT, is gearing up to issue notices to individuals who have failed to file tax returns despite having taxes deducted at the source from their incomes
Over 2.16 Lakh Individuals Earn Above Rs 1 Crore in AY 2023-24
09 February 2024 at 09:16The latest data presented in Parliament by Minister of State for Finance Pankaj Chaudhary has revealed a remarkable surge in the count of individuals earning more than Rs 1 crore annually in India
New ITR-5 & ITR-6 Mandate MSME Registration from April 1, 2024
08 February 2024 at 09:24In a move towards streamlining tax procedures and enhancing transparency, the Income Tax Department has introduced significant changes to income tax return (ITR) forms, effective April 1, 2024.
Paytm Under ED Scrutiny for Betting and Money Laundering Allegations
07 February 2024 at 09:01The Directorate of Enforcement (ED) has initiated a comprehensive investigation into Paytm dating back to 2021, revealing potential ties to money laundering and illicit betting activities, according to credible sources.
Popular News
- No Deduction of TDS Under IT Act 2025: Form 121 Rules for Individuals and Senior Citizens
- Maintenance of Books of Accounts Under Income Tax Act, 2025
- Income Tax Refund Rules Under Income Tax Act, 2025: How to Claim Excess Tax Paid
- HUF Tax Rules 2026: New Tax Regime Slabs, Surcharge and Partition Provisions
- Specified Senior Citizens: TDS Rules on Pension and Interest Income Under Income Tax Act, 2025
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
