Income Tax News
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.
Amendment in Audit Report Format of Trust (Form No.10B) & Rule 16CC & 17B
23 February 2023 at 08:45The CBDT has notified the Income-tax (3rd Amendment) Rules, 2023, to amend IT Rules 16CC/17B and Forms 10B/10BB which shall be effective as of 01/04/2023, vide Income Tax Notification 7/2023.
IT department searches Uflex offices across 64 locations
22 February 2023 at 08:36The income-tax department on Tuesday conducted searches at 64 locations related to packaging company Uflex across the country, including its Noida office.
CBDT released new Income Tax Calculator for Old Regime vis-à-vis New Regime as proposed by Finance Bill, 2023
20 February 2023 at 08:40CBDT released the Tax Calculator regarding the Old Regime vis-à-vis New Regime for Individual/ HUF/ AOP/ BOI/ Artificial Juridical Person (AJP) as per section 115BAC as proposed by Finance Bill, 2023.
IT Department carries out survey operations in Delhi & Mumbai
18 February 2023 at 07:33A survey action under section 133A of the Income- tax Act, 1961(the Act) was carried out at the business premises of group entities of a prominent international Media Company at Delhi and Mumbai.
Income Tax officials conduct searches at BBC's Delhi and Mumbai offices
15 February 2023 at 08:30Income Tax officials today searched the BBC's Delhi and Mumbai offices and seized phones and laptops, weeks after the UK national broadcaster's documentary on Prime Minister Narendra Modi
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