Income Tax News

ITR-2 Offline Utility for AY 2023-24 Now Accessible for Filing Tax Returns

22 June 2023 at 08:54

Offline utility of ITR-2 for AY 2023-24 is available for filing. You can download it from the Income Tax Department website.

Posted in Income Tax | 8469 Views

New tab enabled for direct AIS access on income tax e-Filing portal

21 June 2023 at 13:22

The Income Tax Department has introduced a new tab on the e-filing portal for accessing the Annual Information Statement (AIS).

Posted in Income Tax | 14361 Views

CBDT specifies scope of e-Appeals Scheme, 2023 in order u/s 246(6) of IT Act

21 June 2023 at 08:47

CBDT (Central Board of Direct Taxes) has issued an order on June 16, 2023 to specify the scope of the e-Appeals Scheme, 2023 under Section 246(6) of the Income-tax Act, 1961.

Posted in Income Tax | 7716 Views

DCB bank enables E-Pay tax service with OTC and Net Banking options

20 June 2023 at 08:46

E-Pay Tax service is now enabled for DCB Bank with Over the Counter and Net Banking options

Posted in Income Tax | 3576 Views

Gross Direct Tax Collections Surge by 12.73% in FY 2023-24

19 June 2023 at 08:41

Gross Direct Tax collections for Financial Year (FY) 2023-24 register a growth of 12.73%

Posted in Income Tax | 2595 Views

CBDT empowers JCIT(A)/Addl. CIT(A) for smooth e-Appeal proceedings

16 June 2023 at 08:44

The Central Board of Direct Taxes (CBDT) has appointed Joint Commissioner of Income-tax (Appeals) (JCIT(A))/Additional Commissioner of Income-tax (Appeals) (Addl. CIT(A)) for facilitating e-appeal proceedings.

Posted in Income Tax | 7383 Views

New Forms 34C to 34EA introduced for Advance Ruling Filings

14 June 2023 at 09:01

The Income-tax (Ninth Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes (CBDT) on June 12, 2023. The amendment aims to improve the efficiency and effectiveness of the Income-tax Act, 1961.

Posted in Income Tax | 10479 Views

CBDT notifies e-advance rulings (Amendment) Scheme, 2023

14 June 2023 at 09:00

The e-advance rulings (Amendment) Scheme, 2023 was notified by the Central Board of Direct Taxes (CBDT) on June 12, 2023.

Posted in Income Tax | 5844 Views

Central Govt doubles tax devolution to states, releases Rs 1,18,280 crore in 3rd instalment

13 June 2023 at 08:50

Central Government releases ₹1,18,280 crore as 3rd instalment of tax devolution to State Governments as against normal monthly devolution of ₹59,140 crore

Posted in Income Tax | 2733 Views

Finance Ministry set to provide clarity on TCS for foreign remittance under LRS

12 June 2023 at 08:44

Finance Ministry is going to come out with a detailed clarification regarding TCS (Tax Collected at Sources) on Liberalised Remittance Scheme (LRS), a senior Government official said on Friday.

Posted in Income Tax | 8151 Views