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The income tax department has informed an estimated 500,000 people about "zero" and "lower advance tax payment" between April and August of this year.

500,000 Taxpayers receive IT department warning for Low Advance Tax

The Income Tax Department started sending intimations to Salaried Individuals who’s deductions are not in sync with Form 16.

IT Department sends intimation to Salaried Taxpayer whose deductions exceed Form 16

Income Tax Department is committed to process ITRs in a speedy and efficient manner. As on 05.09.2023, 6.98 crore ITRs for AY 2023-24 were filed, out of which 6.84 crore ITRs have been verified.

88% of the verified ITRs for AY 2023-24 processed as on 05.09.2023

The Income Tax Department has issued clarification that the inaccuracy in the 80P deduction notice was delivered accidentally.

Income Tax Department issues Clarification on Notices Mistakenly Sent Under Section 80P

Union Finance Minister Nirmala Sitharaman stated that August income tax data is most significant indicator of Indian economy's widespread formalisation.

Minimum three times surge in ITR filing in all Tax Slab: FM Nirmala Sitharaman

The union ministry of power is likely to request a reduction in the goods and services tax on hydropower project components.

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500,000 Taxpayers receive IT department warning for Low Advance Tax

IT Department sends intimation to Salaried Taxpayer whose deductions exceed Form 16

88% of the verified ITRs for AY 2023-24 processed as on 05.09.2023

Income Tax Department issues Clarification on Notices Mistakenly Sent Under Section 80P

Minimum three times surge in ITR filing in all Tax Slab: FM Nirmala Sitharaman

Power Ministry may proposed to reduce GST on Hydro Project Components