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In a recent social media post, Ved Jain, ex-president of ICAI expressed concern over notices issued under Section 148 of the Income Tax Act.

Several Taxpayer receive Time barred notices from Income Tax Department

Typically, an individual with an income of less than Rs.7 lakh who files an ITR under the new tax regime is eligible for a tax rebate of up to Rs.25,000 under section 87A.

No Income Tax Rebate u/s 87A Despite Income Below Rs.7 Lakh

The new Income Tax Act will be implemented within 6 months in the Country. This article explains the difference between the Income Tax Act and the Direct Tax Code.

Difference between Income Tax Act and Direct Tax Code

GlaxoSmithKline Pharmaceuticals Ltd, a global healthcare company, announced that it has received an income tax refund of Rs.222.23 crore for the AY 2022-23.

Global Pharma Company gets Huge Income Tax Refund from Tax Department

CBDT has launched a new e-DRS (Electronic Dispute Resolution Scheme) to streamline the resolution of income tax disputes with the best features.

Dispute Resolution Scheme: Key Features of Newly Launch E-DRS Scheme

An internal committee of the Central Board of Direct Taxes (CBDT) has been formed to evaluate the Income Tax Act of 1961.

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Several Taxpayer receive Time barred notices from Income Tax Department

No Income Tax Rebate u/s 87A Despite Income Below Rs.7 Lakh

Difference between Income Tax Act and Direct Tax Code

Global Pharma Company gets Huge Income Tax Refund from Tax Department

Dispute Resolution Scheme: Key Features of Newly Launch E-DRS Scheme

CBDT forms a Committee to examine the Income Tax Act 1961