News

The due date to file a revised or belated return for FY 23-24 is 31st December 2024

Important Deadline: Declare Foreign Earnings by December 31 to Avoid Penalties

CBDT has released Circular Number 19, dated 16th December 2024, having 2nd set of FAQs to remove taxpayer misconceptions

Vivad Se Vishwas Scheme 2024: CBDT releases 2nd set of FAQs to Remove Taxpayer Misconceptions

As part of implementation of the e-Verification Scheme, 2021, CBDT has initiated Online Effort to Help Taxpayers Correct Income Mismatches

CBDT Initiates Online Effort to Help Taxpayers Correct Income Mismatches

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

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

Judgement

The Commissioner of Income Tax (Appeals) [CIT(A)] ruled in favour of an appellant, directing the Assessing Officer to allow the rebate under Section 87A of the Income Tax Act, 1961.

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Important Deadline: Declare Foreign Earnings by December 31 to Avoid Penalties

Vivad Se Vishwas Scheme 2024: CBDT releases 2nd set of FAQs to Remove Taxpayer Misconceptions

CBDT Initiates Online Effort to Help Taxpayers Correct Income Mismatches

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

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

CIT(A) directs AO to allow Rebate under Section 87A on STCG earlier Disallowed by Portal during ITR Processing FY 2023-24