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…
Supreme Court Declines Environmental Lawyer’s Appeal Against High Court Ruling on Income Tax Reassessment
By: AdminDate: August 13, 2024Categories: Income Tax News, NewsReading Time: 4 Min The Supreme Court declined to hear an appeal from a prominent environmental lawyer. He challenged the Delhi High…
FAQs on PFA and Tax Audits AY 2024-25: Key IT Department Issues Explained
By: Admin| August 10, 2024 |Categories: Important News|Income Tax News As the tax filing season for Assessment Year (AY) 2024-25 approaches, the Income Tax Department has released frequently asked questions…
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…
7.28 Crore ITRs Filed for AY 2024-25 by July 31, 2024: Key Insights
By: Admin|August 02, 2024|Categories: Important News|Income Tax|Press Release The Income Tax Department has reported a historic achievement, with over 7.28 crore Income Tax Returns (ITRs) filed for the Assessment Year…
How Many Days to Receive Tax Refunds After ‘ITR Processed’ Message from the Income Tax Department?
By: AdminAugust 02, 2024Categories: Income Tax News|News The Income Tax Department has announced that it will not extend the deadline for taxpayers to file their income tax returns (ITRs), despite…
Gross Tax Revenue Surges 24%, Significantly Exceeds Budget Projections
By: AdminAugust 02, 2024Categories: TAX News The Indian government's fiscal performance for the first quarter of FY25 reveals significant growth in gross tax revenue (GTR), with figures reaching *Rs 8.31…
Hindustan Zinc Faces Rs 1,170-Crore Tax Demand; Company Plans to Appeal Notice
By: Admin|July 31, 2024|Categories: Income Tax News|News On July 30, Hindustan Zinc, a prominent subsidiary of Vedanta, received a significant tax demand notice amounting to Rs 1,170 crore, inclusive of…
Revenue Secretary: 70% of 6 Crore FY24 ITRs Filed Under New Tax Regime
By: Admin|July 31, 2024|Categories: Income Tax News|News Introduction In a significant development for taxpayers in India, approximately 6 crore income tax returns (ITRs) were filed for the fiscal year 2023-24.…
Bombay HC Orders BMC to Refund ₹9.91 Cr Deducted as TDS to Builder
By: Admin|July 29, 2024|Categories: Income Tax News | News The Bombay High Court on Thursday directed the Brihanmumbai Municipal Corporation (BMC) to refund ₹9.92 crore to the Bombay Real Estate…