Income Tax Growth of 16.1%: Record ITR Filing of over 6.77 Crores and 3.44 ITRs Processed within Due Date
The Central Board of Direct Taxes (CBDT) has informed that the Income Tax Returns (ITR) filing has witnessed a record growth of 16.1% year on year....
![CBDT notifies Tax Exemption u/s 10 to Certain Income of Joint Electricity Regulatory Commission for Goa and Union Territories except Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/CBDT-Tax-Exemption-Income-Joint-Electricity-Regulatory-Commission-Goa-Union-Territories-taxscan-1.jpg "CBDT notifies Tax Exemption u/s 10 to Certain Income of Joint Electricity Regulatory Commission for Goa and Union Territories except Delhi [Read Order]")
![CBDT notifies Ten Year Zero Coupon Bond of Rural Electrification Corporation Limited to be issued on or before 31st of March of 2025 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/08/CBDT-Zero-Coupon-Bond-Rural-Electrification-Corporation-Limited-taxscan.jpg "CBDT notifies Ten Year Zero Coupon Bond of Rural Electrification Corporation Limited to be issued on or before 31st of March of 2025 [Read Notification]")
CBDT issues Circular Condoning Delay for Claiming Deduction u/s 80P for A.Y. 2018-19 to A.Y. 2022-23 [Read Circular]
The Central Board of Direct Taxes (CBDT) vide circular number 13/2023 issued on 26th July 2023 condemned the delay for claiming the deduction under Section 80P for the Assessment years 2018-19 to...
Average time for ITR Processing is 16 days; More than 42% ITRs Processed in 1 day Compared to Last Fiscal year : CBDT Chairman
On July 24, 2023, the 164th Income Tax Day was commemorated with a special event. The Union Finance Minister inaugurated the function at 6 pm, which was graced by the presence of various dignitaries...
Karnataka State Chartered Accountants Association writes to CBDT on Glitches in E-Proceedings Tab of Income Tax portal
The Karnataka State Chartered Accountants Association (KSCAA) represented the Central Board of Direct Taxes (CBDT) regarding the technical glitches in the e-proceedings tab of the income tax portal...
Assessment Order without DIN in body violating CBDT circular is Invalid and Treats as never been Issued: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ruled that an assessment order lacking the Document Identification Number (DIN) within the body of the order violates the Circular of the Central...
![Assessment Order without DIN in body violating CBDT circular is Invalid and Treats as never been Issued: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AssessmAent-DIN-body-violating-CBDT-Treats-never-Issued-ITAT-TAXSCAN.jpg "Assessment Order without DIN in body violating CBDT circular is Invalid and Treats as never been Issued: ITAT [Read Order]")
CBDT notifies Aircraft Lease Business unit under IFSC exempted from TDS u/s 194 from any Income in nature of dividend w.e.f. September 1st 2023 [Read Notification]
The Central Board of Direct Taxes (CBDT) vide notification no. S.O. 3254(E) published on 20th July 2023 has notified the exemption of income in nature of divided incurred by the aircraft lease...
