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The Income Tax Department is now updating the Annual Information Statement (AIS) /Taxpayer Information Summary (TIS) for the financial year 2023-24.

IT Department intimates updation of AIS/TIS for FY 23-24

The Revenue Department of the Finance Ministry is looking to expedite the review of the Income-Tax Act of 1961, with the goal of completing it by January.

Review of Income Tax Act Put On Fast-Track Due to January Deadline

Net direct tax collection after refunds has increased by 16% this financial year to Rs.9.95 trillion, owing to strong growth in taxes on personal and corporate incomes.

Net Direct Tax Collection increases 16% annually to Rs.9.95 Trillion till September 17

In a major win for Noida Toll Bridge Company Limited (NTBCL), the Income Tax Appellate Tribunal overturned a large tax demand of almost Rs.21,000 crore.

Massive Tax Relief of Rs.21,000 Crore to DND flyover operator Noida Toll Bridge Company

The Management Representation Letter is a letter signed by top management and addressed to a central entity's external auditor.

Illustrative Management Representation Letter (MRL) for Tax Audi 2023-24

Circulars

CBDT has issued a Circular on enhancing monetary limits for filing an appeal by the Department against the order passed in favour of the assessee.

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IT Department intimates updation of AIS/TIS for FY 23-24

Review of Income Tax Act Put On Fast-Track Due to January Deadline

Net Direct Tax Collection increases 16% annually to Rs.9.95 Trillion till September 17

Massive Tax Relief of Rs.21,000 Crore to DND flyover operator Noida Toll Bridge Company

Illustrative Management Representation Letter (MRL) for Tax Audi 2023-24

CBDT enhanced Monetary Limits for Filing Appeal by Department before ITAT, High Courts and SLPs [Read Circular]