Income tax department has said no action will be taken for a short deduction of TDS in case the assessee links his/her...
The action plan also stipulates timeline for approval of refunds, identification of cases where seized assets are due for release and release...
Persons/entities, who are not registered on the e-filing website, have to first register themselves. The income tax department on Sunday said it...
Income Tax: The Income Tax Department in a circular has said that the taxpayers who are still waiting for their tax refunds of...
The interim Budget has pegged the FY24 direct tax collections to come in at Rs 19.45 trillion, which is 17.2% higher than...
The Central Board of Direct Taxes (CBDT) said in some ITRs filed for A.Y. 2021-22 (F.Y. 2020-21), a ‘mismatch’ has been identified,...
The Income Tax department has prescribed a ceiling of Rs 1 lakh per assessee for withdrawal of small tax demands till Assessment...
New Delhi: An income tax return is a document required by law to report your income, profits, losses, deductions, and details about any...
Direct tax collection, net of refunds, till February 10 of FY24 stands at Rs 15.60 lakh crore, which is 20.25 per cent...
S. Vasudevan, Executive Partner at Lakshmikumaran & Sridharan Attorneys, says, “The CBDT has introduced new Income tax forms (ITR) for AY 2024-25....