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Madras High Court strikes down part of CBDT circular that denied time extension to newly formed trusts from seeking tax exemption

Madras High Court strikes down part of CBDT circular that denied time extension to newly formed trusts from seeking tax exemption

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CHENNAI: The Madras High Court has struck down a part of a circular issued by the Central Board of Direct ...

56 lakh updated ITRs filed, Rs 4,600 crore taxes collected in two years: CBDT – India TV

56 lakh updated ITRs filed, Rs 4,600 crore taxes collected in two years: CBDT – India TV

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Image Source : PIXABAY Filing tax returns The income tax department has collected around Rs 4,600 crore in taxes from ...

Direct tax to GDP ratio climbs to 6.11% in F.Y. 2022-23: CBDT releases comprehensive data

Direct tax to GDP ratio climbs to 6.11% in F.Y. 2022-23: CBDT releases comprehensive data

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Net direct tax collections surged by 160.52% from Rs. 6,38,596 crore in F.Y. 2013–14 to Rs. 16,63,686 crore in F.Y. ...

Average processing time of Income Tax Returns reduced to 10 days, says CBDT

Average processing time of Income Tax Returns reduced to 10 days, says CBDT

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Image Source : PIXABAY According to CBDT data, till 5 September 2023, 6.98 crore ITRs were filed Income Tax Returns ...

Direct tax collections rise almost 16 per cent to Rs 6.53 lakh crore so far in current fiscal: CBDT

Direct tax collections rise almost 16 per cent to Rs 6.53 lakh crore so far in current fiscal: CBDT

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Image Source : REPRESENTATIVE IMAGE Gross direct tax collection The Income Tax department stated that the Gross direct tax collection ...

PAN Aadhaar linking new date income tax department extends deadline June 30 CBDT latest news

PAN Aadhaar linking new date income tax department extends deadline June 30 CBDT latest news

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Image Source : FILE PHOTO Representational image PAN-Aadhaar Linking: In order to provide some more time to the taxpayers, the ...

CBDT issues Income Tax return forms for the fiscal year 2022-23

CBDT issues Income Tax return forms for the fiscal year 2022-23

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Image Source : PIB CBDT issues Income Tax return forms for the fiscal year 2022-23 ITR Form 2022-23:  The Central Board ...

CBDT extends due date for filing Income Tax Return for AY 2022-23 to November 7

CBDT extends due date for filing Income Tax Return for AY 2022-23 to November 7

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Image Source : PTI This is the second extension by the income tax department. The Central Board of Direct Taxes ...

IndiaTV-English News

Buyer to deduct TDS on peer-to-peer virtual digital assets transactions, says CBDT

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Image Source : PIXABAY.COM The income tax department on June 28 said both buyer and seller will have to withhold ...

Income tax department serves notice to UP rickshaw puller asking him to pay over Rs 3 crore-

CBDT chairman-

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By PTI NEW DELHI: Reforms undertaken by the government within the Income Tax department and the “strengthening” of the Indian ...