By: Admin | August 22, 2024 | Categories: Tax News | 4 Min Read The Central Board of Direct Taxes (CBDT) has established a new committee to review the Income…
CBDT Clarifies ITCC Requirements for Indian Citizens
By: Admin | August 21, 2024 | Categories: Income Tax, Press Release | 4 Min Read The Central Board of Direct Taxes (CBDT) has clarified the requirements for obtaining an…
CBDT Directs I-T Dept to Monitor High-Value Cash Transactions at Hotels and Hospitals
Introduction The Central Board of Direct Taxes (CBDT) has instructed the Income Tax (I-T) department to monitor cash transactions in high-value sectors, including hotels, luxury brand retailers, hospitals, and IVF…
Direct Tax Arrears Surge to Over ₹43 Lakh Crore: Special Recovery Plan by Department
By: AdminAugust 17, 2024Categories: Income Tax News|News4 Min Read Income Tax Department Faces Surge in Arrears: Urgent Actions and Strategies Unveiled The Income Tax Department is facing a major challenge…
IT Officials Should Adopt ‘Guidance Over Intimidation’ Approach With Taxpayers: CBDT Chief
By: AdminDate: August 13, 2024Categories: CBDT, NewsReading Time: 4 Min Introduction Paying income tax is a crucial responsibility for individuals each year. However, concerns have emerged about some income tax…
Direct Tax Collections for FY 2024-25 Surge by 24% to ₹8.13 Lakh Crore as of August 11, 2024
By: AdminDate: August 12, 2024Categories: CBDT Notification | Press ReleaseReading Time: 4 Min As of August 11, 2024, India's gross direct tax collections for FY 2024-25 have reached ₹8.13 lakh…
CBDT Announces Income Tax Exemptions for ‘West Bengal Transport Workers’ Social Security Scheme’ and ‘UIDAI’ u/s 10(46) of IT Act
By: AdminDate: August 12, 2024Categories: CBDT Notification | Press ReleaseReading Time: 4 Min The Central Board of Direct Taxes (CBDT) has issued Notifications Nos. 99 and 100 dated August 13,…
Salaried Employees’ Choice of Tax Regime for FY 2024-25: What You Need to Know
By: Admin |August 10, 2024 | Categories: Income Tax News|News Why Salaried Employees Should Have the Option to Choose Their Tax Regime for TDS in FY 2024-25 Changes in the…
CBDT Chairman Indicates Government May Decriminalize TCS Filing Delays in Finance Bill
By: Admin|August 02, 2024|Categories: Income Tax News|News The Union Budget has introduced various tax simplification measures, aiming to alleviate the compliance burden on taxpayers. One of the key highlights is…
CBDT Chairman Announces ‘Vivad se Vishwas’ Scheme Available for Taxpayers Starting December 31
By: AdminJuly 25, 2024Categories: Income Tax News|News The 'Vivad se Vishwas' scheme, a significant measure introduced in the Indian Budget for settling pending direct tax appeals, is set to make…