News

New Income Tax Bill Unlikely to Be Presented in Budget 2025 as the new bill will not be ready for the budget session.

New Income Tax Bill Unlikely to Be Presented in Budget 2025

Income Tax Department has Recovered Rs 37,000 Crore from Non-Filers Over 20 Months on basis of high value transactions and TDS

Income Tax Department Recovers Rs 37,000 Crore from Non-Filers Over 20 Months

In retaliation, Switzerland has withdrawn India's Most Favoured Nation (MFN) status, resulting in higher tax implications for Indian enterprises operating in the central European country.

Switzerland withdraws Most Favoured Nation status from India, cites Nestle verdict

The Institute of Chartered Accountants of India (ICAI) is likely to declare the Chartered Accountants (CA) Final Exam Nov 2024 results on 25th December.

ICAI likely to declare the Result of CA Final Examination on 25th December

Notifications

CBDT issued a notification amending its previous notification (No. 44/2020) issued on July 6, 2020, under Section 10(23FE) of the Income-tax Act of 1961.

CBDT amended Income Tax Notification on Tax Exemptions u/s 10(23FE) of IT Act

CBI has detained the accused Branch Manager of Bank of Baroda, Shikarpur Branch (U.P.) for demanding and taking a bribe of Rs.1 lakh from the complainant.

CBI arrests Bank of Baroda Branch Manager for Demanding a Bribe of Rs.1 Lakh

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