Articles

The Income Tax Department has introduced ITR utility new codes under "Nature of Business/Profession" to enhance its developing sectors and activities under ITR-3.

New ITR Update: Income Tax Dept. Introduces ITR Utility New Codes

For more than the previous four years, the use of various AI tools by the IT Department has facilitated over one crore taxpayers updating their returns.

AI-Powered Tax Intelligence: CBDT’s Data Tools Help Uncover Hidden Wealth and Boost Tax Collection by Rs. 11,000 Crore

The government has increased tax appeal limits and withdrawn thousands of low-value cases to simplify the tax system and reduce legal disputes.

Govt Moves to Simplify Tax System: Thousands of Low-Value Appeals Withdrawn Under New Budget Limits

The Income Tax Department Using AI to track Flag High-Value Transactions and Filter out PANs involved in wrongful claims and identify patterns in filing of tax returns.

IT Dept to track PANs involved in wrongful claims

News

Firstcry informs NSE and BSE that the Bombay High Court has set aside notices received by them from the Income Tax Department.

Bombay HC Sets Aside Income Tax Show Cause Notices Issued u/s 148 to Firstcry

Judgement

HC quashes Income Tax reassessment and penalty against Shraddha Developers due to notices sent to an incorrect email, violating principles of natural justice.

Explore Our Blogs

New ITR Update: Income Tax Dept. Introduces ITR Utility New Codes

AI-Powered Tax Intelligence: CBDT’s Data Tools Help Uncover Hidden Wealth and Boost Tax Collection by Rs. 11,000 Crore

Govt Moves to Simplify Tax System: Thousands of Low-Value Appeals Withdrawn Under New Budget Limits

IT Dept to track PANs involved in wrongful claims

Bombay HC Sets Aside Income Tax Show Cause Notices Issued u/s 148 to Firstcry

Gujarat High Court Quashes Income Tax Reassessment Under Section 147 for Wrong Email Service