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A man from MP's Bhind, who earns Rs 58,000 per month, has received yet another notice from the income-tax department demanding him to pay Rs.113 crore in taxes.

Income Tax Dept. asks Young Man from Madhya Pradesh to pay Tax of Rs.113 crore

Circulars

The Central Board of Direct Taxes(CBDT) has issued Clarification regarding deduction of TDS under section 192 read with sub-section (1A) of section 115BAC of the Income-tax Act, 1961 via issuing Circular.

TDS on Salary Under New Tax Regime: CBDT issued Clarification on TDS deduction under Sec 192

Following Hon'ble SC's ruling in Writ Petition (C) No. 59/2013 with 1283/2021, Finance Act, 2023 made certain amendments to clause (26AAA) of section 10 of Income-tax Act, 1961.

CBDT amends Section 10(26AAA) of IT Act 1961 by Finance Act 2023

The Income Tax Department has handed over an income tax notice of Rs 12 crore 23 lakh to a photographer.

IT Department issued Tax Notice worth Rs.12 crore to Photographer

The income tax department has found 89 "high-risk foreign remittance" instances, each of which involves alleged tax evasion of more than Rs 100 crore.

Income Tax Scanner on 89 High Value Foreign Remittance Cases

Direct Tax collections for FY 2022-23 show that Net collections are at Rs.16.61 lakh crore, compared to Rs. 14.12 lakh crore in preceding FY 2021-22, representing an increase of 17.63%.

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Income Tax Dept. asks Young Man from Madhya Pradesh to pay Tax of Rs.113 crore

TDS on Salary Under New Tax Regime: CBDT issued Clarification on TDS deduction under Sec 192

CBDT amends Section 10(26AAA) of IT Act 1961 by Finance Act 2023

IT Department issued Tax Notice worth Rs.12 crore to Photographer

Income Tax Scanner on 89 High Value Foreign Remittance Cases

Net Direct Tax Collections for FY 2022-23 exceed Budget estimate by 16.97%