Tax Exemption

Income Tax: Pending Tax Demand Up To Rs 1 Lakh Waived

The Central Board of Direct Taxes (CBDT) has prescribed the outstanding tax…

Income-Tax Returns Filers More Than Double To 7.78 Crore in 10 Years

There has been a significant spike in the number of taxpayers filing…

Total of 7.41 Crore Income Tax Returns Filed for AY 2023-24

The Central Board of Direct Taxes (CBDT) released data which shows that…

Net Direct Tax Collection Surges by 22% to Rs 9.57 Lakh Crore

The net direct tax collections surged by 21.82% year-on-year (YoY) to more…

CBDT notifies rules to calculate life insurance income where premium exceeds Rs.5 lakh

The Central Board of Direct Taxes (CBDT) issued a circular on 16…

Stricter regulations implemented for potential tax evasion made through trust donations

The Central Board of Direct Taxes has recently implemented stricter regulations concerning…

CBDT Notifies e-Appeals Scheme 2023

The Central Board of Direct Taxes (CBDT) launched the ‘e-Appeals Scheme, 2023’…

TDS on online game winnings: Tax deduction methods as per CBDT guidelines.

The CBDT has recently provided guidelines, through a circular and notification dated…

TDS is not applicable to the Mahila Samman Savings Scheme interest amount

The CBDT notified that Tax Deducted at Source (TDS) would apply to…

CBDT directs employers to ask preferred tax regime of employees for TDS deduction

The Central Board of Direct Taxes (CBDT) issued a circular directing employers…