News

As per e-Verification Scheme-2021 Income Tax Department has identified certain mismatches between third party information on interest and dividend income, and the Income Tax Return (ITR) filed by taxpayers and communicate them through SMS and emails.

IT-Department clarification on bulk ITR and 3rd-party information mismatch intimation received by Taxpayers

Articles

IT Department has issued mass notices to many assessee on 24/02/2024 on Information mismatch campaign for FY 2022-23 and FY 2021-22.

Income Tax Department issues Mass notices for ITR mismatch for FY 2022-23 and FY 2021-22

In 2023, the government introduced Section 43B(h), which focuses on the protection of Micro, Small, and Medium Enterprises (MSMEs).

Industry seeks for Extension of the implementation of Section 43B(h)

The Central Board of Direct Taxes (CBDT) has set a maximum ceiling limit of Rs.1 lakh for waiving eligible income tax demands.

Income Tax Demand Waiver of Rs. 1 Lakh: Know More

Judgement

The Allahabad HC sets aside Rejection Order of Income Tax Revision Application Passed without giving opportunity of Being Heard.

HC sets aside Rejection Order of Income Tax Revision Application Passed without giving opportunity of Being Heard

Notifications

The Central Board of Direct Taxes (CBDT) has amended the ITR Forms for inserting Disclosure for Section 80DD, Section 80U and Section 54D via issuing Notification.

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IT-Department clarification on bulk ITR and 3rd-party information mismatch intimation received by Taxpayers

Income Tax Department issues Mass notices for ITR mismatch for FY 2022-23 and FY 2021-22

Industry seeks for Extension of the implementation of Section 43B(h)

Income Tax Demand Waiver of Rs. 1 Lakh: Know More

HC sets aside Rejection Order of Income Tax Revision Application Passed without giving opportunity of Being Heard

CBDT Amends ITR Forms for inserting Disclosure for Section 80DD, Section 80U and Section 54D