Income Tax News
BCCI denied Tax Exemption under Section 11 of IT Act
20 December 2023 at 09:49On Monday, the Minister of State for Finance, Pankaj Chaudhary announced that the Income Tax Department has denied tax exemption to the Board of Control for Cricket (BCCI) in India u/s 11 of the Income Tax Act.
Gross Direct Tax collections for FY 2023-24 register a growth of 17.01%
19 December 2023 at 07:09Net Direct Tax collections for FY 2023-24 grow at over 20.66%
Record Surge: Advance Tax Collection Signals Economic Growth
18 December 2023 at 07:45Advance tax collection for direct taxes has demonstrated an impressive surge, marking a substantial 19.76% growth compared to the previous year
Income Tax Department Issues Erroneous Notices, CAs Demand Rectification
18 December 2023 at 07:45Income Tax Department Sparks Panic with Erroneous Notices, Chartered Accountants Demand Rectification
IT Department Uncovers Rs 700 Crore Unaccounted Transactions in Surat Real Estate Scandal
18 December 2023 at 07:45Directorate of Investigations of the Income Tax (I-T) department in Surat has unraveled unaccounted business transactions amounting to Rs 700 crore during searches conducted on the premises of two real estate firms.
Net Direct Tax Collection Hits Rs 10.64 Lakh Crore, Surges to 58.34% of Budget Estimates in Apr-Nov
16 December 2023 at 08:59India's Robust Fiscal Performance: Direct Tax Collection Surges to 58.34% of Budget Estimates
IT Raids Target Businessmen and Former TMC MLA Under Scrutiny for Alleged Tax Evasion
15 December 2023 at 09:00Income Tax Raids Uncover Alleged Tax Non-Payment by Prominent West Bengal Businessmen, Former TMC MLA under Scrutiny
Survey Reveals 63% of Taxpayers Still Prefer Old Tax Regime
12 December 2023 at 08:50Survey Reveals Tax Regime Preferences Among Indians, Unveiling Gender Disparities and Investment Trends
Income Tax Authorities Affirm Commitment to Prioritize Grievance Redressal for Taxpayers
11 December 2023 at 08:52Income Tax Officials Prioritize Grievance Redressal, Urge Timely Tax Payments for Societal Development
Income Tax Raids Uncover Over Rs 200 Crore in Jharkhand and Odisha
09 December 2023 at 14:48Massive Tax Raids Unearth Over Rs 200 Crore, Cash Seized from Congress Leader Dheeraj Sahu's Premises in Odisha and Jharkhand
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