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The Finance Minister declared that a new tax law, or Income Tax Act, would be implemented within six months to replace the old Income Tax Act of 1961.

India will get New Income Tax Act in Six Months; says FM

Union Finance Minister Nirmala Sitharaman encouraged the Income Tax Department on Wednesday to work toward becoming known as fair and friendly.

Finance Minister urges IT Department to Simplify Tax Notices; Avoid 'threatening tone' and Encourage Compliance

CBDT has announced its Central Action Plan (CAP) for the financial year 2024-25, which outlines a road map for the Income Tax Department.

CBDT notified Central Action Plan for FY25; asked IT Dept to expand Tax Base and Recover Arrears

CBDT stated that all Indian nationals do not need to obtain a tax clearance certificate before travelling to foreign countries.

No need for a Tax Clearance Certificate for most Travelling Abroad: CBDT clarifies

Individuals receive an intimation notice from the IT department after processing of ITR. Know how to reply to this notice.

Know How to reply Section 143(1) Income Tax Notice received after filing ITR

After the union budget extended the income tax gap between PMS and MF, many believe that HNI investors will be enticed to shift their investments to mutual funds.

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India will get New Income Tax Act in Six Months; says FM

Finance Minister urges IT Department to Simplify Tax Notices; Avoid 'threatening tone' and Encourage Compliance

CBDT notified Central Action Plan for FY25; asked IT Dept to expand Tax Base and Recover Arrears

No need for a Tax Clearance Certificate for most Travelling Abroad: CBDT clarifies

Know How to reply Section 143(1) Income Tax Notice received after filing ITR

New Income Tax Rules: Will it Encourage Crorepati Investors to shift from PMS to Mutual Fund?