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...
Nearly 8 Crore ITRs Filed Till December 2
New Delhi- As many as 7.76 crore tax returns for income earned in 2022-23 have been filed till December 2 and more are expected...
I-T Dept Raids On Kashmir Business Group Led To Detection Of Undisclosed Income: CBDT
New Delhi- The income-tax department has detected undisclosed income worth crores of rupees after it conducted searches against a Jammu and Kashmir-based business group engaged...
35 Lakh Income Tax Refund Cases ‘Held Up’ For Various Reasons: Tax Body Chief
New Delhi- Around 35 lakh cases for issuance of refunds are currently "held up" with the Income-Tax Department owing to mismatch and validation of...
I-T Dept Asks Taxpayers To Respond To Intimation Of Past Tax Demands For Faster...
New Delhi- The income tax department on Saturday asked taxpayers to respond to intimation from the I-T department regarding outstanding demands of previous years...
CBDT Says Over 6 Crore ITR Filings Processed For Assessment Year 2023-24
New Delhi- As many as 6.98 crore tax returns have been filed for income earned in 2022-23 fiscal and out of them, more than...
Revised I-T Rules Offer Tax Relief To Employees With Rent-Free Accommodation
New Delhi- Employees drawing substantial salaries and having rent-free accommodation provided by their employers will now be able to save more and get a...
Net Direct Tax Mop-Up Grows 17 Pc To Rs 5.84 Lakh Crore So Far...
New Delhi- Net direct tax collections swelled 17.33 per cent to Rs 5.84 lakh crore so far this fiscal, reaching 32 per cent of...