News

The Income Tax Department's facility for the taxpayer to get data pre-filled in their income tax return filing process is corporating in making tax compliance easier.

Prefilled ITR Expanded to include Brought Forward Losses and MAT Credit

IT Department has achieved a milestone in the Income Tax Return (ITR) Processing with over 1.66 crore ITRs (for A.Y. 2023-24) processed in a single day.

Income Tax Department achieves Milestones by Processing over 1.66 crore ITRs in a single day

The Income Tax Department is conducting a search and seizure operation at the offices of Kishore Chhabria's company, Allied Blenders and Distillers Ltd.

Income Tax Department Raids on Allied Blenders and Distillers

Articles

The State Finance Minister in Rajya Sabha stated that major changes in Income Tax related to the compounding of offences.

Major changes in Income Tax related to compounding of offences

The State Finance Minister in a written reply to a question raised in the Rajya Sabha said, "Rs. 2,125 crore collected as Penalty due to Non-linking of PAN and Aadhaar."

Rs. 2,125 crore collected as Penalty due to Non-linking of PAN and Aadhaar

Judgement

The Kerala High Court has set aside the Assessment Order because 24 hours of time granted to file a response to Income Tax SCN is not reasonable.

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Prefilled ITR Expanded to include Brought Forward Losses and MAT Credit

Income Tax Department achieves Milestones by Processing over 1.66 crore ITRs in a single day

Income Tax Department Raids on Allied Blenders and Distillers

Major changes in Income Tax related to compounding of offences

Rs. 2,125 crore collected as Penalty due to Non-linking of PAN and Aadhaar

24 hrs time granted to file response to Income Tax SCN not reasonable: HC sets aside Assessment Order