By: AdminApril 30, 2024Categories: Income Tax News|News4 Min Read Chartered accountants' apex body ICAI has proposed separate deduction of expenses related to education of a girl child in the tax…
Income-Tax Return: Big relief for tax deductors! All taxpayers need to know about PAN-Aadhaar non-linkage
By: AdminApril 30, 2024Categories: Income Tax|Income Tax News4 Min Read In a relief for companies, the Central Board of Direct Taxes (CBDT) has said that the tax deductors/collectors will not…
Businessman Sentenced to One-Year Imprisonment for Bounced Cheques to Income Tax Department
By: AdminApril 30, 2024Categories: Income Tax News|News4 Min Read A businessman was sentenced by a Gandhinagar court to a year in prison following a lawsuit from the income tax department…
High Court Rules CVC Cannot Influence Disciplinary Proceedings Without Statutory Enablement
By: AdminApril 30, 2024Categories: Income Tax|Income Tax News4 Min Read A recent ruling by the high court noted that without explicit statutory authority, the Central Vigilance Commission (CVC) lacks the…
Legal Battles Mount As Startups Contest Tax Demands Post ‘Angel Tax’ Easing
By: AdminApril 27, 2024Categories: Income Tax|Income Tax News4 Min Read Seven months after the Indian tax authorities eased the valuation norms for foreign investments in startups, in an attempt to…
Tamil Nadu government staff losing money under new tax regime: Forum
By: AdminApril 27, 2024Categories: Income Tax|Income Tax News4 Min Read The Tamil Nadu Government Employees' Association has urged the state government to resolve issues pertaining to income tax deductions via…
PAN-Aadhaar linking: Tax Department defers penalty on TDS till May 31; Here is how to link both
By: AdminApril 27, 2024Categories: Income Tax|Income Tax News4 Min Read Providing relief to those taxpayers who failed to link their Permanent Account Number (PAN) and Aadhaar Number by the June…
Almost 50% population have PAN, gap between male & female closing: Income Tax dept data
By: AdminApril 27, 2024Categories: Income Tax|Income Tax News4 Min Read Latest Income Tax department data shows that nearly half of India’s population have got Permanent Account Number (PAN). It stated…
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…
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…