News

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%.

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

Notifications

The Central Board of Direct Taxes(CBDT) has notified Exemption under Section 10(46) for Bhadohi Industrial Development Authority via Notification.

CBDT Notifies Exemption under Section 10(46) for Bhadohi Industrial Development Authority

A special court sentenced a 53-year-old income tax official to four years in jail for taking a bribe of Rs 75,000 on Wednesday.

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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%

CBDT Notifies Exemption under Section 10(46) for Bhadohi Industrial Development Authority

Income Tax Officer gets 4 years Imprisonment for accepting Bribe of Rs.75000 Crore