News

The Income Tax Department raided and seized large amounts of currency notes from TMC MLA Zakir Hossain's properties in Murshidabad and Kolkata.

Income Tax Raid: IT Dept. raids several premises of TMC MLA Zakir Hussain; Seized Huge quantities of Currency Notes

Judgement

Cash Payment: Disallowance u/s 40A(3) not applicable on payment made to MSEDCL

Partners capital takes character of loan after the death of the partner; ITAT Discussion

The Gross collection of Direct Taxes has registered a growth of 24.58 percent which stood at 14.71 crore rupees in the financial year 2022-23 up to 10.01.2023.

Gross Direct Tax Collections for FY 2022-23 register a growth of 24.58%

Articles

CBDT has released the e-calendar for the year 2023 mentioning all of the important income tax deadlines. Now, you can quickly recall all crucial income tax due dates.

CBDT Released E-Calendar 2023; Know All Income Tax Due Dates for 2023

Notifications

The Central Board Direct Taxes has abolished the limit of Rs.5,000 applicable on interest income to report in Statement of Financial Transactions by the reporting entities.

CBDT abolished limit of Rs.5000 applicable on interest income to report in Statement of Financial Transactions

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