News

Bombay High Court asked Income Tax Department not to take any action on penalty notices issued against Anil Ambani, chairman of Reliance (ADA) Group, in connection with income tax proceedings filed against him till March 17.

Bombay HC grants interim relief to Anil Ambani in Tax Evasion

Income Tax Department has issued an update on Form 26AS and Annual information statement stating that from Assessment Year 2023-24 onwards, Form 26AS display only TDS/TCS data. Other taxes like advance tax, Self-assessment tax, refund etc., would be available in the AIS.

Form 26AS and Annual Information Statement (AIS) important update

The Income Tax Department has issued a reminder to all the taxpayers regarding paying the advance tax. The department ask taxpayer to pay 4th installment of advance tax on or before 15th March 2023.

Pay 4th Installment of Advance Tax Before this Date; Know Here

Articles

The Income Tax Department has released Frequently Asked Question on Link PAN with Aadhaar.

Income Tax Department releases FAQs on Link PAN-Aadhaar

Judgement

It is for the assessee, to take its business call while conducting its business.

Revenue officers cannot decide expediency in business: HC

Payroll service not FTS: No TDS Required; High Court

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