Search For "direct taxes"
Direct tax collection soars, gross collections surge by 21% to reach at Rs
Updated : 1 year, 5 months ago IST
India's direct tax net collection for the financial year 2024-25 has seen a significant surge, with an increase of 21.48 per cent as of 17 September this year, the data from the Central Board of Direct Taxes (CBDT) shows.
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Former bureaucrats, eminent ex-servicemen join BJP in presence of Union Mi
Updated : 1 year, 6 months ago IST
"It is a matter of great joy that distinguished retired civil servants who devoted their entire life to civil service career - whether they were generals in the armed forces, chief commissioners of Income Tax, or members of the Board of Direct Taxes, retired ambassadors, expressed their d
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Direct tax collections 24 pc higher at Rs 8.1 lakh crore
Updated : 1 year, 7 months ago IST
The gross direct tax collections by the government so far in 2024-15 were 24 per cent higher on a yearly basis at Rs 8.13 lakh crore, data released by the Central Board of Direct Taxes (CBDT) showed on Monday. During the same period last year, the gross tax collections were Rs 6.55 lakh cror
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"Shameful to see Delhi govt demanding funds for MCD from Centre ": Raja Iq
Updated : 1 year, 7 months ago IST
The leader of opposition in Municipal Corporation of Delhi (MCD), Raja Iqbal Singh said that it's shocking to see Delhi's Finance Minister Atishi and Mayor Dr Shelly Oberoi demanding special funds equivalent to 5 per cent of total direct taxes collected from Delhi from Centre for MCD even as
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CBDT extends due date for filing Form 10A/10AB
Updated : 1 year, 10 months ago IST
The Central Board of Direct Taxes (CBDT) further extended the due date for filing Form 10A/ Form 10AB under the Income-tax Act, 1961 up to June 30, 2024.
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Election Commission directs CBDT to verify any 'mismatch' in affidavit det
Updated : 1 year, 11 months ago IST
The Election Commission of India (ECI) directed the Central Board of Direct Taxes (CBDT) to verify any mismatch in affidavit details submitted by Union Minister Rajeev Chandrashekhar, the BJP contesting candidate from Thiruvananthapuram Lok Sabha seat, sources said.
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No special drive to reopen cases on HRA claims, clarifies CBDT
Updated : 1 year, 11 months ago IST
According to a press release, the CBDT has emphasized that there is no concerted effort to reopen cases en masse, particularly concerning HRA claims.
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Functionalities to file commonly used Income Tax Returns enabled by CBDT o
Updated : 1 year, 11 months ago IST
The Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from April 1, 2024 onwards.
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Delhi HC sets aside CIC's order asking CBDT to give information on exempti
Updated : 2 years ago IST
The Delhi High Court recently set aside the order of the Chief Information Commissioner (CIC) directing the Central Board of Direct Taxes (CBDT) to provide information related to Shri Ram Janmbhoomi Teerth Kshetra Trust. The order was challenged by the CBDT.
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CBDT identifies mismatches in ITR, third party information; function made
Updated : 2 years ago IST
The Income Tax Department on Monday said it has identified certain mismatches between the information received from third parties on interest and dividend income, and the Income Tax Return (ITR) filed by taxpayers, the Central Board of Direct Taxes said. In many cases, it said taxpayers h
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Major personal income tax relief: Finance act 2023 amends section 87a, no
Updated : 2 years, 2 months ago IST
Ministry of Finance posted on X, "Benefits in Personal Income Tax! Vide Finance Act, 2023, Section 87A of the Income-tax Act, 1961 has been amended to allow rebate to tax resulting in no tax liability to persons having income up to Rs. 7 lakh. (1/5) #PromisesDelivered"
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Income Tax dept searches premises of electrical items manufacturer in Mumb
Updated : 2 years, 2 months ago IST
The Income Tax department initiated search and seizure operations in the case of a group engaged in the manufacturing of wires, cables and other electrical items on December 22, 2023, the agency said in a statement on Wednesday.
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