CAclubindia News
FM Sitharaman Pushes for RRBs to Boost Credit Flow to MSMEs in Cluster Areas
23 August 2024 at 09:08Union Finance Minister Smt. Nirmala Sitharaman chairs meeting to review performance of nine Regional Rural Banks (RRBs) of Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh and Rajasthan, in Udaipur, todaySmt. Sitharaman urges RRBs to generate aware
FM Sitharaman: Increase in Tax Collections Reflect India's Growing Economic Formalization
23 August 2024 at 09:03FM Nirmala Sitharaman, presided over the 165th anniversary of Income Tax Day, observed by the Central Board of Direct Taxes (CBDT) in New Delhi.
Income Tax Department directs officers to focus on top 5,000 cases
23 August 2024 at 09:02In a significant move to bolster tax recovery and reduce litigation, the Income Tax Department has directed its officers to concentrate on the top 5,000 cases, which account for a staggering Rs 43 lakh crore in tax demand.
Income Tax Department Processes Nearly 4 Crore ITRs in Just 15 Days
22 August 2024 at 15:02In a remarkable feat of digitisation, the department has processed nearly 4 crore income tax returns (ITRs) for Assessment Year (AY) 2024-25 in just 15 days.
CBDT Unveils Central Action Plan (CAP) for FY 2024-25 to Enhance Tax Compliance and Expand Tax Base
22 August 2024 at 15:01The Central Action Plan (CAP) for 2024-25, meticulously designed by the Central Board of Direct Taxes (CBDT), sets the stage for a strategic and comprehensive approach to managing India's direct taxation landscape.
CBDT Chairman Confirms Income Tax Act Review to Meet Six-Month Deadline
22 August 2024 at 15:00CBDT Chairman, Ravi Agrawal, has confirmed that the ongoing review of the Income Tax Act of 1961 will be completed within the six-month timeframe announced by Union Finance Minister Nirmala Sitharaman.
FM Sitharaman Calls for Fair, User-Friendly Tax Notices and Emphasizes Speedy Refunds and Capacity Building
22 August 2024 at 09:06Smt. Sitharaman exhorted the Department to be fair and friendly and ensure that there is improved taxpayer experience. The tax notices should be temperate, simple and easy to understand for the taxpayer
GST Intelligence Uncovers Rs 1.2 Trillion Tax Evasion Since 2020
22 August 2024 at 09:06In a significant crackdown on tax evasion, the Directorate General of GST Intelligence (DGGI) has exposed fraudulent activities amounting to Rs 1.2 trillion via fake input tax credit (ITC) since 2020.
CBDT Targets IVF Clinics and Medical Colleges in Cash Transaction Crackdown
22 August 2024 at 09:06The Central Board of Direct Taxes (CBDT) has unveiled a rigorous Central Action Plan (CAP) for the fiscal year 2024-25, targeting sectors notorious for high cash transactions that are frequently under-reported or unreported.
ITAT Ruling: No Penalty for Income Concealment if Errors Corrected in Revised Return
22 August 2024 at 09:03In a significant ruling, the Income-Tax Appellate Tribunal (ITAT) Mumbai bench has provided relief to taxpayers by stating that penalties for income concealment cannot be imposed if a taxpayer has corrected all errors in a revised tax return.
Popular News
- CBDT Notifies ITR Forms 1 and 4 for AY 2025-26
- Income Tax Dept Targets Disposal of 2 Lakh Appeals Worth Rs 10 Lakh Crore in FY26
- CBDT Notifies Revised ITR-V and Acknowledgement Forms for AY 2025-26
- GSTN to Implement Phase-3 HSN Code Mandate & Table 13 Reporting From May 2025
- CBDT Notifies New ITR-3 Form for AY 2025-26
CAclubindia
