News

From 1st January 2024, Belated ITR for AY 2023-24 can be filed or revised in the form of ITR-U.

ITR Utilities for Filing ITR-U for AY 2023-24 released by Income Tax Department

IT Department has sent alerts via text messages and emails to around three million salaried taxpayers on the disparity between the TDS and refunds claimed in Returns.

Income Tax Alert to 3 Million Taxpayers

The Income Tax Department has touched a new milestone in filing income tax returns. Over 8 crore Income Tax Returns filed for the AY 2023-24 till date.

Income Tax Creates milestone after 8 crore ITRs filed for AY 2023-24

Judgement

The Income Tax Appellate Tribunal (ITAT Delhi) has ordered that Income Tax Deduction u/s 54F is allowed on houses registered in the name of parents.

Income Tax Deduction u/s 54F allowed on house registered in name of parents [Read Order]

Circulars

This is the Third Circular that CBDT has issued for giving guidelines on 1% tax deduction by ecommerce operators.

Income Tax Department issues guidelines on 1% tax deduction by ecommerce operators [Read Circular]

Notifications

The CBDT has notified Ravenna Investments Holding B.V for income tax exemption u/s 10(23FE) of the Income Tax Act, 1961.

Explore Our Blogs

ITR Utilities for Filing ITR-U for AY 2023-24 released by Income Tax Department

Income Tax Alert to 3 Million Taxpayers

Income Tax Creates milestone after 8 crore ITRs filed for AY 2023-24

Income Tax Deduction u/s 54F allowed on house registered in name of parents [Read Order]

Income Tax Department issues guidelines on 1% tax deduction by ecommerce operators [Read Circular]

CBDT notified Ravenna Investments Holding B.V for exemption u/s 10(23FE) of IT Act [Read Notification]