I-T Act Review Attempt To Make It Simpler For Taxpayers: CBDT Chairman
New Delhi- The budget announcement about a comprehensive review of the Income Tax Act, 1961, is an attempt to make the "bulky" law "simpler"...
CBDT Identifies Mismatches In ITRs, Third Party Info
New Delhi- The Income Tax department on Monday said it has identified mismatches in ITRs filed by some taxpayers and information on dividend and...
CBDT Notifies ITR Forms For Assessment Year 2024-25
New Delhi- The Income Tax department on Friday said it has notified I-T return forms 2, 3 and 5 for filing tax returns for...
Pay Taxes On Time To Make India Third-Largest Economy In World: IT Official
Itanagar- Principal Chief Commissioner of Income Tax (NER) Chaitali Panmei on Friday called upon people to pay taxes on time to help India become...
LIC Gets Income Tax Refund Of Rs 25,464 Crore
New Delhi- Life Insurance Corporation of India (LIC) said it has received an income tax refund of Rs 25,464 crore relating to interim bonus...
Net Direct Tax Collection Grows 19 Pc So Far In FY’24 To Rs 14.70...
New Delhi- The net direct tax collection so far this fiscal rose 19.41 per cent to Rs 14.70 lakh crore, reaching about 81 per...
J&K Govt Grants Amnesty To Settle Tax Arrears Of Pre-GST Regime
Jammu- In a major relief to taxpayers, the Jammu and Kashmir administration on Wednesday granted amnesty for the settlement of tax arrears pertaining to...
Parliament Passes Provisional Collection Of Taxes Bill, 2023
New Delhi- Parliament on Wednesday passed the Provisional Collection of Taxes Bill, 2023, that gives statutory backing to the government to collect taxes from...
Over 7.40 Cr Persons Filed ITRs In FY23, 5.16 Cr Showed Zero Tax Liability:...
New Delhi- Over 7.40 crore persons filed income tax returns in the 2022-23 fiscal, of which 5.16 crore showed zero tax liability, the Finance...
Net Direct Tax Collection At Rs 10.64 Lakh Cr In Apr-Nov; 58.34% Of BE
New Delhi- Net direct tax collection in the eight months of the current fiscal touched 58.34 per cent of Budget Estimates (BE) at Rs...