Income Tax
Income Tax Bill 2025
| February 12, 2025
Category: Income Tax
Income Tax
Zero tax on selling agricultural land
| February 10, 2025
Income Tax
“Request for Order Giving Effect” on Income Tax e-Filing Portal!
| February 10, 2025
The Income Tax Department has introduced a new feature on the e-Filing portal – “Request for Order Giving Effect” . Now, assessees can raise a request online to
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Income Tax
Extension of due date for determining amount payable as per column (3) of Table specified in section 90 of Direct Tax Vivad Se Vishwas Scheme, 2024
| December 30, 2024
Circular No. 20/2024 Extension of due date for determining amount payable as per column (3) of Table specified in section 90 of Direct Tax Vivad Se Vishwas Scheme,
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Income Tax
CAG Report raises red flags over income tax department’s handling of arrears and outstanding demands
| December 21, 2024
NEW DELHI: A CAG report on the functioning of Income Tax department, tabled in Parliament on Tuesday, has raised concern over non-sharing of data with the audit team
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Income Tax
Cabinet Approves PAN 2.0 Project: Key Highlights for Taxpayers
| November 25, 2024
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the PAN 2.0 Project initiated by the Income Tax Department. This initiative, with
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Income Tax
RBI announces early redemption for SGB: Tax implications explained
| August 30, 2024
The Reserve Bank of India (RBI) has announced an early redemption for Sovereign Gold Bonds (SGBs) issued between May 2017 and March 2020. The redemption process will take
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Income Tax
44AD Applicability
| March 18, 2024
Income Tax
Income Tax Filing Notice: 1 Lakh Notices Sent In Cases Of Misrepresentation Of Income, Says Finance Minister Nirmala Sitharaman
| July 25, 2023
In her address at the 164th Income Tax Day event, the Finance Minister said that tax rates have not gone up over the years, yet revenue has been
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Income Tax
44AD APPLICABLE OR NOT? (BASED ON DIFFERENT DIFFERENT TURNOVER)
| July 4, 2023