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Net direct tax collection after refunds has increased by 16% this financial year to Rs.9.95 trillion, owing to strong growth in taxes on personal and corporate incomes.

Net Direct Tax Collection increases 16% annually to Rs.9.95 Trillion till September 17

In a major win for Noida Toll Bridge Company Limited (NTBCL), the Income Tax Appellate Tribunal overturned a large tax demand of almost Rs.21,000 crore.

Massive Tax Relief of Rs.21,000 Crore to DND flyover operator Noida Toll Bridge Company

The Management Representation Letter is a letter signed by top management and addressed to a central entity's external auditor.

Illustrative Management Representation Letter (MRL) for Tax Audi 2023-24

Circulars

CBDT has issued a Circular on enhancing monetary limits for filing an appeal by the Department against the order passed in favour of the assessee.

CBDT enhanced Monetary Limits for Filing Appeal by Department before ITAT, High Courts and SLPs [Read Circular]

An audit report is a formal opinion issued by an internal or external auditor regarding the accuracy and quality of a company's financial statements.

Draft Independent Audit Report for FY 2023-24

Notifications

The Central Board of Direct Taxes (CBDT) has notified a new Standard Operating Procedure (SOP) for handling internal audit objections via issuing an Instruction.

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Net Direct Tax Collection increases 16% annually to Rs.9.95 Trillion till September 17

Massive Tax Relief of Rs.21,000 Crore to DND flyover operator Noida Toll Bridge Company

Illustrative Management Representation Letter (MRL) for Tax Audi 2023-24

CBDT enhanced Monetary Limits for Filing Appeal by Department before ITAT, High Courts and SLPs [Read Circular]

Draft Independent Audit Report for FY 2023-24

CBDT notifies SOP on Handling Internal Audit Objections [Read Instructions]