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ITAT Weekly Roundup

This weekly round-up encapsulates the key stories related to the Income TaxAppellate Tribunal(ITAT) reported at Taxscan, from March 9, 2026 to March...

Various Appeals Filed by Aditya Birla Sun Life on Addition, Deduction and Disallowance Allowed: ITAT...

CA. Prasanna Kumar D takes over as President of ICAI

Tax Refunds Fall, Net Direct Tax Collections Rise 8.8% in FY26, Boosting Centre’s Revenue Base

Both Sides - the Coin - Pre Budget Thoughts - Direct Tax Regime - taxscan

Both Sides of “The Coin”: Pre-Budget Thoughts on Direct Tax Regime

Bribery: Know How many Income Tax Officers were Arrested Till 31st July 2024

“Income Tax officer arrested while accepting bribe” is the headline we often come across in newspapers and other media. Though the Income Tax Department was set up in the year 1922 by the Government...

Economic Survey 2023-24: Overview of Tax Revenues Decoded

Against the global trend of widening fiscal deficits and increasing debt burdens, India's fiscal consolidation remains notable, according to the Economic Survey 2023-24. The latest data from the...

Economic Survey - Tax Revenues - Economic Survey - 2024 Revenue Tax - Economic - TAXSCAN

Central Govt appoints Ravi Agarwal as CBDT Chairman

The Central Government has appointed Ravi Agrawal, IRS, Member, Central Board of Direct Taxes as Chairman of the Central Board of Direct Taxes ( CBDT ) with effect from 01.07.2024 upto the date of...

Central Govt appoints - Ravi Agarwal - CBDT Chairman - taxscan

Income Tax and Corporate Tax Net Collections Surge to Rs. 4.62L Crore in FY 2024-25, Marking 20.99% Hike

The Ministry of Finance has released the net collections of the direct tax which marked a hike of 20.99% for the Financial Year 2024-25 as on 17th June 2024. The provisional figures showed a surge to...

Time really matter in a Budget Speech? Here's Record of India's Longest and Shortest Budget Speeches

Certainly, the question arises: Does time truly hold significance in budget speeches? Opinions on this matter may vary; some argue in favour, while others may oppose the idea. From a general...

Budget 2024 - Finance Minister Nirmala Sitharaman - Budget Speech - taxscan

Budgetary Milestone: Direct Tax Collections Hit Rs. 14.70 Lakh Crore, Making Up 80.61% of FY 2023-24 Budget Projections

As of January 10, 2024, India's Direct Tax collections have depicted a robust and consistent growth trajectory, signifying a commendable performance in the country's fiscal domain. The provisional...

Direct Tax Collections - Direct Taxes - Budget Projection - TAXSCAN

CA Inter, CMA Inter Vacancy in ABB

The ABB invited applications for the post of Tax Analyst. Qualifications Bachelor’s degree in Accounting, Finance or Commerce or CA Inter/ CMA Inter preferredMinimum 2 to 4 years of working...