News

Income Tax Department has increased its collection efforts in order to recover roughly 40% of the outstanding tax demand or Rs 7.7 trillion.

Income Tax Dept. intensifies efforts to recover Rs.7.7 Trillion Tax Arrears

Judgement

ITAT allows Income Tax Deduction on Penalty paid under Motor Vehicles Act 1988 as overloading charges

Income Tax Department' s Unit from Lucknow conducted searches in five states on the factories and premises of BSP MP from Saharanpur, Haji Fazlur Rehman.

Tax Evasion of more than Rs 1,000 crore: IT Dept. Raids on 20 Properties; Know Details

Circulars

CBDT has issued clarification for purposes of clause (c) of Section 269ST of IT Act 1961 in respect of dealership contract in case of Co-operative Societies.

CBDT issued Clarification for purpose of Section 269ST of Income Tax

The government is planning to raise the income tax exemption limit from Rs 2.5 lakh to Rs 5 lakh in the upcoming Budget for 2023-24.

Budget 2023: Income Tax Exemption Limit may raise to Rs.5 Lakh by Govt. in Upcoming Budget

Budget 2023: Income Tax Exemption Limit may raise to Rs. 5 Lakh by Govt. in Upcoming Budget

ITAT affirms method given in ICAI guidance note for calculation of F&O Turnover

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts