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The provisional figures of Direct Tax collections for FY 2023-24 show that net collections are at Rs. 8,65,117 crore, compared to Rs. 7,00,416 crore in corresponding period of preceding FY 2022-23, representing an increase of 23.51%.

Direct Tax Collections of Rs.8,65,117 crore for FY 2023-24 registers a growth of 18.29%

The Income Tax Department has issued updated Common Offline Utility for Tax Audit Form 3CA-3CD and 3CB-3CD for the Assessment Year 2023-24.

Tax Audit Form 3CA-3CD and 3CB-3CD Utility updated

The Income Tax Department is suspected of a tax evasion of more than Rs 800 crore by senior Samajwadi Party leader Azam Khan after conducting raids on him and those connected to him for three days, according to official sources.

Tax Evasion of Rs. 800 Cr by Azam Khan suspected by Income Tax Department

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21 Basic Income Tax Audit Checklist Points

The All Gujarat Federation of Tax Consultants and Income Tax Bar Association has made representation before Nirmala Sitharaman for Deferment of Form 10B and Form 10BB by 1 Year.

Tax Association requests for Deferment of Form 10B and Form 10BB by 1 Year

The Income Tax Department has issued a reminder for reporting entities regarding an e-Verification Scheme for mismatch between ITR-U and AIS/ Form 26AS.

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Direct Tax Collections of Rs.8,65,117 crore for FY 2023-24 registers a growth of 18.29%

Tax Audit Form 3CA-3CD and 3CB-3CD Utility updated

Tax Evasion of Rs. 800 Cr by Azam Khan suspected by Income Tax Department

21 Basic Income Tax Audit Checklist Points

Tax Association requests for Deferment of Form 10B and Form 10BB by 1 Year

Income Tax e-Verification Scheme for mismatch between ITR-U and AIS/ Form 26AS