The statement said that the proposed draft ITR takes a relook at the return filing system in tandem with international best practices. It also said it proposes to introduce a common ITR by merging all the existing returns of income except ITR-7. However, the current ITR-1 and ITR-4 will cont
The official statement from finance ministry said, "In view of the representations received by Central Board of Direct Taxes (CBDT) and with a view to avoid genuine hardship to taxpayers, the CBDT condones the delay in filing of Form 10A up to November 25, 2022 in respect of certain provisio
Under sub-Section (1) of Section 139 of the Income-Tax Act, 1961 (the Act) for the Assessment Year 2022-23, the CBDT had extended the due date to November 7, 2022, for the category of assessees for whom the due date falls on October 31, 2022.
New Delhi [India], October 18 (ANI/NewsVoir): Rajasthan was adjudged as the most Reformist State by the Jury of the TIOL National Taxation Awards 2022, headed by the former Supreme Court Judge, Justice Shiva Kirti Singh and mentored by Justice A K Patnaik, former Judge of Supreme Court.
London [UK], October 18 (ANI): UK Prime Minister Liz Truss on Monday (local time) apologised for going "too far too fast" with reforms that caused investor confidence to evaporate and her poll ratings to plunge, however, she vowed to stay on and lead Tories into next election.
Washington [US], October 16 (ANI): Union Minister for Finance & Corporate Affairs Nirmala Sitharaman on Saturday (local time) defended the actions of the Enforcement Directorate (ED) on private capital and civil societies and negated that it is being used as a political weapon.
Hyderabad (Telangana) [India], October 14 (ANI): The Income Tax (IT) department on Friday conducted raids on the RS Brothers stores in Hyderabad, sources said.
Patna (Bihar) [India], October 14 (ANI): The Income Tax (IT) department on Friday conducted raids at multiple locations in Bihar's Patna, including the Shivpuri, Patel Nagar, and Boring Road premises of builder Gabbu Singh.
New Delhi [India], October 7 (ANI): Income Tax Department is conducting searches at several locations of a soft drink distributor in Uttar Pradesh on Friday, said sources.
New Delhi [India], October 3 (ANI): The Directorate of Enforcement (ED) on Monday said it has provisionally attached immovable property valued at Rs 7.33 crore belonging to a former Income Tax official Andasu Ravinder in a disproportionate assets case.