The Central Board of Direct Taxes (CBDT) invites stakeholder comments up to December 15, 2022

The Central Board of Direct Taxes (CBDT) has gone ahead with a…

Nov 7: Deadline for income tax returns filing with audit report for AY 2022-23

The deadline for filing income tax returns (ITR) for entities, including companies,…

CBDT has extended the tax audit report due date to 7th October 2022.

On the last date of filing, taxpayers faced a lot of difficulty…

Income taxpayers cannot join Atal Pension Yojana (APY) scheme from 1st October 2022

The Finance Ministry amended the Atal Pension Yojana (APY) scheme to provide…

Issuance of bonus/ right shares by public company and loan settlement by banks will not attract TDS: CBDT

Section 194R was introduced with effect from 1st July 2022 to deduct…

Turnover calculation for option traders to determine tax audit u/s 44AB

Finally, some good news for options traders as the Institute of Chartered…

You may be under the radar of the Income Tax department for paying cash in hospitals

To prevent tax evasion, Income Tax officials have kept an eye on…

What are revised, belated, and updated Income Tax Returns?

The deadline to file your Income Tax Return (ITR) for AY 2022-23…

The government plans to establish a simplified tax system

Sources said that the finance ministry would soon review the exemption-free new…

ITR Verification time limit reduced from 120 days to 30 days

The time limit for verification of electronically filed Income Tax returns is…