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Income Tax
Income Tax News
Income Tax
14 May 2024
Taxpayers Can Now Check Status Of Their Feedback On Financial Transactions
Income Tax Department has taken a new initiative towards ease of compliance and enhanced taxpayer services.
CBDT
17 Apr 2024
CBDT Signs Record 125 Pacts To Ease Tax Payments By Big Multinational Firms
With this, the total number of APAs since the inception of the APA programme has gone up to 641.
BJP
09 Apr 2024
BJP 'Blatantly Conspiring' With Central Agencies: TMC Writes To Bengal Guv
In its letter to the state's governor, the TMC has alleged a nexus between the BJP ad the four central agencies.
Income Tax
03 Apr 2024
'Taxpayer Pays More To Govt Than Spend On Self': Post On Income Tax Goes Viral
The viral post on X stirs a debate among users. Read on to find out the whole story.
income tax notice congress
01 Apr 2024
'Will not take any action on Congress accounts till elections',says IT Department
Income Tax
01 Apr 2024
New Change To Income Tax Rules, Slabs From 01 April 2024? FinMin Says THIS
In an explanatory tweet, finance ministry has said that some misleading information related to new tax regime is being spread on some social media platforms.
Financial Year 2024-25
01 Apr 2024
New financial year starts from today
HRA
30 Mar 2024
Using HRA To Save Income Tax? Why It Isn't A Good Idea Anymore
The Income Tax Department is actively identifying individuals involved in fraudulent tax deductions.
New tax regime
23 Mar 2024
New Tax Regime: Consider These Deductions For Optimal Savings
Despite fewer deductions, certain allowances and exemptions remain available under the new tax regime. These are mentioned below.
Income Tax
22 Mar 2024
Should Ultra Rich Pay Higher Tax? Check Why This Topic Is Gaining Momentum
Super tax is levied against people who earn high incomes. The topics of equity and fairness are central to the super tax discussion. Bill Gates has stated that he wants the ultra-rich to pay more taxes.
advance income tax
15 Mar 2024
Advance Income Tax: Check What It Is, Who Needs To Pay & How To Pay It
The advance tax payment deadline is today, March 15, 2024. This tax can be paid in four installments. Individuals aged 60 and above who do not earn income from businesses are exempt.
Income Tax department
10 Mar 2024
I-T Department Uncovers Cases Of Inadequate Tax Payments; Check Deadline Date
Persons/entities who are not registered on the e-filing website have to first register themselves on the e-filing website.
itr
27 Feb 2024
Got ITR Notice For Transaction Amount Mismatch? Here Is What You Need To Do
Taxpayers are being informed of ITR mismatch through SMS and emails as per details available with Income Tax Department.
Congress
22 Feb 2024
'Financial Terrorism': Cong Slams Govt After Rs 65 Crore Deducted From Account
Congress general secy KC Venugopal said that over 65 crore rupees were deducted from the accounts of AICC, IYC, and NSUI.
Tax-saving instruments
18 Feb 2024
Want To Save Money On Taxed Income? Check THESE 5 Tax-Saving Instrument
These investments may help lower your taxed income. There are various ways for taxpayers to reduce their tax obligations. Tax saving can be broadly categorized into two expenses and investments.
direct tax
12 Feb 2024
Direct Tax Collections At 80.23% Of Total Revised Estimates Of Direct Taxes
Refunds amounting to Rs. 2.77 lakh crore have been issued during 1st April, 2023 to 10thFebruary, 2024.
Income Tax
02 Feb 2024
Income Tax Payers Alert! e-Filing Portal To Be Down For THESE Days
Taxpayer services on the e-filing portal will be restricted for three days starting tomorrow, the Income Tax department has said.
Budget 2024
31 Jan 2024
Number Of Income Tax Filers Increases To Over Eight Crore: President Murmu
Droupadi Murmu addressed the both houses. This was her first speech in the new parliament. She also emphasized the government's efforts to improve the business environment.
Interim Budget 2024
25 Jan 2024
Allow Deductions Under New Tax Regime To Increase Acceptance In Salaried Class
Most Indian taxpayers have the habit of initially investing their savings in investment avenues that provide tax deductions under Section 80C .
Income Tax
01 Jan 2024
Record 8.18 Crore ITRs Filed For Assessment Year 2023-2024 Till Dec 31: FinMin
The Ministry of Finance also today said that a large number of taxpayers did their due diligence by comparing data of their financial transactions by viewing their Annual Information Statement (AIS) and Taxpayer Information Summary (TIS).
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