By: AdminApril 26, 2024Categories: Important News|Income Tax News4 Min Read The Income Tax Department has released a brochure on Taxation on Online Gaming. Covers following: Definition: Online gaming refers to…
ITR-6 Excel Utility Now Available for AY 2024-25
By: AdminApril 25, 2024Categories: Important News|Income Tax News4 Min Read The Income Tax Department issued an update on April 24, 2024 regarding the Excel Utility of ITR-6 for AY 2024-25…
CBDT extends due date for filing Form 10A/10AB upto June 30, 2024
By: AdminApril 25, 2024Categories: Income Tax|Press Release4 Min Read The Central Board of Direct Taxes (CBDT), has issued Circular No. 07/2024 dated April 25, 2024 further extending the due date…
As collection soars, govt must focus on widening the tax net
By: AdminApril 25, 2024Categories: Income Tax|Income Tax News4 Min Read Direct tax revenues rose by an impressive 18 percent in 2023-24. A similar trend has been seen in goods and…
Tax season picks up pace, over 250,000 ITRs filed so far
By: AdminApril 25, 2024Categories: Income Tax|Income Tax News4 Min Read As the tax filing season for the assessment year 24-25 gains momentum, official data reveals that a notable number of…
ITAT Rules Bank Balances from HSBC Geneva Leak Can’t Be Retroactively Taxed as Income
By: AdminApril 22, 2024 Categories: Income Tax|Income Tax News 4 Min Read A recent ruling by the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has significant implications for…
Yes Bank shares gain on Rs 284.21-crore tax refund order
By: AdminApril 22, 2024 Categories: Income Tax|Income Tax News4 Min Read Shares of Yes Bank gained in early trade on April 22 after the company received a tax refund order…
Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs. 1.35 lakh crore i.e. by 7.40%
By: AdminApril 22, 2024Categories: Income Tax|Press Release4 Min Read The provisional figures of Direct Tax collections for the Financial Year (FY) 2023-24 show that Net collections are at Rs. 19.58…
Income Tax Department sets up control room for cash transactions
By: AdminApril 22, 2024Categories: Income Tax|Income Tax News4 Min Read The Pune income tax department has set up a special control room for Pune and other districts of Pune division…
Govt kicks off direct tax code revision
By: AdminApril 20, 2024Categories: Income Tax News|News4 Min Read The Narendra Modi government, if voted back to power, will implement the long-delayed Direct Taxes Code (DTC) on a priority basis,…