Mumbai (Maharashtra) [India], August 22: TaxBuddy, India's most trusted tax filing platform, has announced the launch of the country's first AI-powered tax filing system, a move set to change the way millions of Indians file their income tax returns. With this new platform, taxpayers can now
Hyderabad (Telangana) [India], August 18: Today, EZTax, India's top tax filing portal, unveiled a new edition of its self-service (DIY) Income Tax e-Filing portal with significant artificial intelligence (AI) upgrades to save on taxes, reduce errors, and reduce e-filing time by 30%.
India's net direct tax collections for FY 2025-26 stood at Rs 6.64 lakh crore as on August 11, down 3.95 per cent from Rs 6.91 lakh crore collected during the same period last year, Income Tax Department data shows.
The new Income Tax bill, which was passed by Lok Sabha on Monday, provides flexibility for allowing refund claims in cases where the return is not filed in due time and reduces the time period for filing TDS correction statements to two years from six years as provided in the Income Tax A
Finance Minister Nirmala Sitharaman on Monday introduced a new Income Tax Bill in Lok Sabha to consolidate and amend the law relating to income tax, three days after the previous Bill was withdrawn.
"A new version of the Income Tax Bill, incorporating most of the recommendations made by the Select Committee chaired by Shri Baijayant Panda, will be introduced on Monday, August 11," people in the know said.
Global trading firm Jane Street is reportedly not cooperating with the Income Tax Department in an ongoing investigation against it, according to the sources.
Yadav, who is the Leader of the Opposition in the Bihar Assembly, also accused the central investigative agencies of being misused to target opposition leaders. "One engine of theirs (NDA) is engaged in crime, and another in corruption; these people are not the ones to give any account. T
Finance Minister Nirmala Sitharaman honored several Income Tax officers for their exceptional contributions to the department during the celebration of the 166th Income Tax Day, recognising decades of service in modernising India's tax administration.