Finance Act 2023 amends section 87A

Ministry of Finance posted on X, "Benefits in Personal Income Tax! Vide Finance Act, 2023, Section 87A of the...

Taxpayers aged 18-35 years filed 2,09,06,829 ITRs: Centre

As per Income-tax Act, 1961, tax is calculated and collected based on total income returned in Income tax Returns (ITR).

CBDT extends due date for filing Form 10A to Nov 25

The official statement from finance ministry said, "In view of the representations received by Central Board of...

CBDT extends due date to file IT return for AY 2022-23 to Nov 7

Under sub-Section (1) of Section 139 of the Income-Tax Act, 1961 (the Act) for the Assessment Year 2022-23, the CBDT...

CBDT issues norms for compounding of offences under I-T Act

New Delhi [India], September 17 (ANI): The Central Board of Direct Taxes (CBDT) has issued revised guidelines with...

Two foreign-controlled companies can face penalty of over Rs...

New Delhi [India], December 31 (ANI): Two foreign-controlled mobile companies can face a penalty of over Rs 1,000...

Centre relaxes TDS provisions for ST community

New Delhi [India], September 18 (ANI): The Centre has relaxed the provisions of Income-Tax Act, 1961 Act in relation...

Govt extends certain timelines to ease compliances under...

New Delhi [India], September 17 (ANI): The Central Government has decided to extend timelines for compliances under...

CBDT extends due dates for electronic filing of various forms...

New Delhi [India], August 3 (ANI): The Central Board of Direct Taxes (CBDT) has extended the due dates for...

Centre extends timelines for compliances under Income-tax Act...

New Delhi [India], May 20 (ANI): The Centre, in continuation of its commitment to address the hardship being faced...

Govt exempts Section 269ST of IT Act for hospitals, other...

New Delhi [India], May 8 (ANI): Granting further relief in view of the pandemic, provisions of Section 269ST of...

CBDT issues clarification on residency under Income Tax Act

New Delhi [India], March 4 (ANI): Central Board of Direct Taxes (CBDT) on Wednesday issued a clarification in...