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Income Tax Department to Wipe Out Petty Tax Demands for approx 80L Taxpayers on its own; says CBDT Chairman

The Central Board of Direct Taxes ( CBDT ) Chairman, Nitin Gupta, announced that the income tax department will autonomously clear pending petty tax...

ITR Forms for A.Y. 2024-25 notified in Advance: CBDT Notifies

Budget 2024 -Interim Budget 2024 - Nirmala Sitharaman Budget - TAXSCAN

Interim Budget 2024: Expects Relief to Salaried Class by Deduction under New Tax Regime

Income Tax Due Date Calendar for February 2024

Personal Income Tax - Corporate Tax - CBDT report on tax collection - Taxation trends in 2022-23 - Annual tax revenue comparison - taxscan

Personal Income tax collection surpasses Corporate tax by 0.45% in F.Y. 2022-23; CBDT Reports

Kerala GST Department Issues Clarification w.r.t. Filing Appeals sans GST Appellate Tribunal

The Kerala Goods and Services Tax ( GST ) Department has released Circular No. 01/2024 dated January 11, 2024, providing comprehensive clarification and guidelines for filing appeals in the absence...

PM Commends Record Collections, Cites GST and Simplified Income Tax as Key Reforms

Prime Minister Narendra Modi inaugurated the new campus of the National Academy of Customs, Indirect Taxes & Narcotics ( NACIN ) in Palasamudram, Sri Sathya Sai District, Andhra Pradesh. ...

Income Tax Portal updates with 'Authenticate Insight DIN' Feature for Taxpayers

The Income Tax portal has been updated with a new feature of 'Authenticate Insight DIN' for the taxpayers. The feature will help the taxpayers to verify the communications of the income tax...

Budget 2024: Income Tax Standard Deduction Expectations

As the eagerly awaited Interim Budget 2024 approaches, middle-class taxpayers are hopeful for potential relief through income tax concessions. Finance Minister Nirmala Sitharaman's proposal on...

US Woman's Revenge Yields Rs. 83 Lakh Reward for Reporting Cheating Boyfriend's Tax Evasion

A woman of the United States of America (USA) has become a social media sensation due to her unique and attention-grabbing revenge plot against her cheating ex-boyfriend. She shared her story through...

US Womans Revenge - Reward - Reporting Cheating Boyfriends Tax Evasion - Tax Evasion - taxscan

Haryana Govt launches One Time Tax Settlement Scheme for unsettled Pre-GST Dues

Haryana Chief Minister Manohar Lal has officially launched the One Time Settlement-2023 (OTS) Scheme through the Excise and Taxation Department to resolve pending tax payments predating the GST...

Income Tax E-filing Update: Latest Excel Based Utility and JSON Schema for ITR-1 to ITR-7 now Available to Download for FY 2022-23 in Portal

The Income Tax Department has updated the income tax portal with the latest excel based utility and JSON Schema for e-filing of Income Tax Returns for the FY 2022-2023 or AY 2023-2024. These are...

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