News

IT Department has been focusing its efforts on promoting voluntary compliance. In this attempt, information on taxpayers' financial transactions is obtained from Reporting Entities such as banks, forex dealers, sub-registrars, and so on.

Income Tax Department Conducts Verification of Reporting Entities

Circulars

The Central Board of Direct Taxes has issued Circular to remove difficulty in implementation of changes relating to TCS on LRS and and Overseas Tour Packages.

CBDT issued Circular to remove difficulty in implementation of changes relating to TCS on LRS and and Overseas Tour Packages

The Income Tax Department has released Offline Excel Utility of ITR-7 for AY 2023-24, which is now available for filing.

Income Tax Department enabled Excel utility of ITR-7 for AY 2023-24

The filing of income tax returns for the financial year 2023-24 has begun, and the Income Tax Department has opened its site for people to submit their forms. For first-time filers, the ITR filing process might be complex.

ITR Filing: 10 Things to keep in mind before filing your Tax Return

Numerous social media influencers are encountering with income tax heat following their posts related to travel to exotic locations.

IT Department cracks down on Tax Evading Social Media Influencers; Notice to 15 Influencers

The income tax department has discovered a tax refund fraud of Rs.40 crore. IT investigation wing in Hyderabad is currently looking into eight tax consultants.

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Income Tax Department Conducts Verification of Reporting Entities

CBDT issued Circular to remove difficulty in implementation of changes relating to TCS on LRS and and Overseas Tour Packages

Income Tax Department enabled Excel utility of ITR-7 for AY 2023-24

ITR Filing: 10 Things to keep in mind before filing your Tax Return

IT Department cracks down on Tax Evading Social Media Influencers; Notice to 15 Influencers

Refund Scam: IT Refund Scam of Rs.40 Crore Busted in Hyderabad; 8 Consultant under IT Scanner