News

The income tax department has found 89 "high-risk foreign remittance" instances, each of which involves alleged tax evasion of more than Rs 100 crore.

Income Tax Scanner on 89 High Value Foreign Remittance Cases

Direct Tax collections for FY 2022-23 show that Net collections are at Rs.16.61 lakh crore, compared to Rs. 14.12 lakh crore in preceding FY 2021-22, representing an increase of 17.63%.

Net Direct Tax Collections for FY 2022-23 exceed Budget estimate by 16.97%

Notifications

The Central Board of Direct Taxes(CBDT) has notified Exemption under Section 10(46) for Bhadohi Industrial Development Authority via Notification.

CBDT Notifies Exemption under Section 10(46) for Bhadohi Industrial Development Authority

A special court sentenced a 53-year-old income tax official to four years in jail for taking a bribe of Rs 75,000 on Wednesday.

Income Tax Officer gets 4 years Imprisonment for accepting Bribe of Rs.75000 Crore

The new financial year begins on April 1. Many changes will take impact in the new financial year. These modifications may have an effect on your finances and taxation.

Income Tax Changes from April 1st 2023; Check Details

IT-Department extends exemption on electronic filing of Form 10F for Non-residents not having PAN

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