News

On a pilot basis, in about 68,000 cases, information of financial transactions pertaining to FY 2019-20 has been taken up for e-Verification. So far, e-Verification has been completed by the designated Directorate in approximately 35,000 cases and remaining are under verification.

E-Verification Scheme of CBDT is another initiative facilitating voluntary compliance

The deadline for depositing Advance Tax for financial year 2022-23 is March 15, 2023. Income Tax Department is constantly reminding taxpayers to deposit advance tax. Yet,

Taxpayers fear due to IT Department message regarding payment of Advance Tax

The income tax department has picked 68,000 cases for e-verification for unreported or underreported income in tax returns for the 2019-20 financial year, according to CBDT.

AIS and ITR Mismatch: 68,000 cases summoned by Income Tax Department

You may already be past due if your employer hasn't received the documentation you need to claim deductions and exemptions in accordance with certain provisions of the Income Tax Act.

It's already March: here are the Last-Minute Income Tax Saving Tips

Direct Tax collections up to 10th March, 2023 show that gross collections are at Rs. 16.68 lakh crore which is 22.58% higher than the gross collections for the corresponding period of last year.

Direct Tax Collections up 16.8% to Rs.13.73 lakh crore till 10th March 2023

As per Clause 26 of Article 366 of Constitution, tribal population of Arunachal Pradesh living in territories listed in 6th Schedule is exempt from Income Tax Act of 1961.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

E-Verification Scheme of CBDT is another initiative facilitating voluntary compliance

Taxpayers fear due to IT Department message regarding payment of Advance Tax

AIS and ITR Mismatch: 68,000 cases summoned by Income Tax Department

It's already March: here are the Last-Minute Income Tax Saving Tips

Direct Tax Collections up 16.8% to Rs.13.73 lakh crore till 10th March 2023

Arunachal Tribals need to obtain Exemption Certificate from Income Tax Department: Deputy CM