Budget 2023-24 : Income Tax rebate limit increased to 7 lakh from 5 lakh under New IT regime
New Delhi : In a big announcement, Finance Minister Nirmala Sitharaman has raised personal…
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Income Tax
Despite pandemic, India reports 100% jump in net direct tax collections
New Delhi: Despite the devastating second wave of the pandemic, India’s direct tax…
CBDT extends timelines of certain compliances under the Income Tax Act
New Delhi : In view of difficulties faced by taxpayers due to the severe pandemic, Income…
Modi launches ‘Transparent Taxation – Honoring the Honest’ platform
New Delhi : Prime Minister Narendra Modi on Thursday launched 'Transparent Taxation -…
Income Tax Department to release all pending IT Refunds upto Rs 5 lakhs immediately
NewDelhi : In a relief to business entities and individual taxpayers, the Income Tax…
Income Tax Exemption Limit raised to Rs.5 lakh, Higher standard deduction proposed
NewDelhi : Individual taxpayers having taxable annual income up to Rs.5 lakhs will get…
India’s Direct Tax Collections up 14% in the April-December period
NewDelhi : India’s direct Tax collections grew by 14.1% to Rs.8.74 lakh Crore in the…
Exception from Online Filing of Application under Section 197 and 206C (9) in the cases of NRIs and…
NewDelhi : The Central Board of Direct Taxes (CBDT) has decided to allow exception from…
Number of Direct Tax Return filing up 80% in the last 4 years
New Delhi: India has achieved a growth of more than 80% in the number of Direct Tax…
CBDT further extends date for filing IT Returns
NewDelhi : The due date for filing of Income Tax Returns and Audit Reports for…