e-Appeals Scheme 2023: With an aim to reduce the pendency of appeals at the level of income tax commissioners, the Central Board...
The SFT is an important tool for the Income-tax Department to track high-value transactions and to identify potential tax evasion. AStatement of...
The Income Tax department has notified the e-appeals scheme, which will ensure electronic filing and processing of appeals. Under the ‘e-Appeals Scheme,...
New Delhi: While filing Income Tax Returns (ITR) House Rent Allowance (HRA) exemption is claimed by salaried taxpayers against the actual rent...
The income tax (I-T) department is closely monitoring advance tax payments of companies by scrutinising their annual and quarterly balance sheets as...
India’s gross direct tax collection during the last fiscal ended March 2023 grew over 20 per cent to Rs 19.68 lakh crore....
Filing Income Tax Return (ITR) is an important financial obligation for individuals and entities to report their income and pay taxes to the government....
In a big update for taxpayers, the government is trying to link TCS (tax collected at source) with TDS (tax deducted at...
The Income Tax department has tightened its grip with fresh guidelines that aim to ensure compliance from taxpayers. In a bold move,...
IT return filing: The Central Board of Direct Taxes (CBDT) has issued the guidelines for compulsory selection of returns for Complete Scrutiny...