News

LIC said it received an income tax refund of Rs. 25,464 crore for interim bonuses paid to policyholders during the last seven assessment years.

LIC receives Income Tax Refund of Rs.25,464 Crore

The IT department formed 40 teams of up to 250 officials to undertake searches at locations associated to four Noida-based construction businesses.

Income Tax Officials raided 4 Builders of Nodia; Unaccounted Cash worth Rs.1,500 crore recovered

The provisional figures of Direct Tax collections up to 10th January, 2024 continue to register steady growth.

Gross Direct Tax collections for FY 2023-24 upto 10th January 2024 stands at Rs. 17.18 lakh crore; Y-o-Y growth increase by 16.77%

The Income Tax Department added a new condition for non-individual entities to credit refunds exceeding Rs. 50 crore.

Income Tax Department requires LEI for non-individuals with refunds over Rs.50 crore

IT Department initiated search and seizure operations in the case of a group, engaged in the manufacturing of wires and cables and other electrical items on 22.12.2023.

IT Department conducts search and seizure operations in Mumbai; Seized Unaccounted cash exceeding Rs.4 crore

Notifications

CBDT has notified Haryana State Board of Technical Education for Income Tax Exemption u/s 10 (46) of IT Act via issuing Notification.

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LIC receives Income Tax Refund of Rs.25,464 Crore

Income Tax Officials raided 4 Builders of Nodia; Unaccounted Cash worth Rs.1,500 crore recovered

Gross Direct Tax collections for FY 2023-24 upto 10th January 2024 stands at Rs. 17.18 lakh crore; Y-o-Y growth increase by 16.77%

Income Tax Department requires LEI for non-individuals with refunds over Rs.50 crore

IT Department conducts search and seizure operations in Mumbai; Seized Unaccounted cash exceeding Rs.4 crore

CBDT notifies Haryana State Board of Technical Education for Exemption u/s 10 (46) of IT Act