Net Direct Tax collections for the FY 2023-24 grow at over 19.88% Advance Tax collections for the FY 2023-24 stand at Rs. 9,11,534 crore which shows a growth of 22.31%. Refunds aggregating to Rs. 3,36,808 crore issued in the current fiscal. The provisional figures of Direct Tax …
Directorate of Income Tax (Investigation), Delhi, sets up 24X7 Control Room and toll-free Mobile Number 9868168682 in connection with the General Elections to Lok Sabha, 2024 The vigil through Control Room will help to check suspicious movement/distribution of cash, bullion and other valuables within the NCT …
All Agency Banks to remain open for public on March 31, 2024 (Sunday) RBI/2023-24/137 DOR.SOG (LEG).REC/84/09.08.024/2023-24 March 20, 2024 All Agency Banks Madam / Dear Sir All Agency Banks to remain open for public on March 31, 2024 (Sunday) The Government of India has made a …
The Income Tax Department released an update on its Twitter handle dated 11th March 2024 as follows Based on feedback from taxpayers on the e-campaign for Advance Tax, the Department has identified certain inconsistencies in the data of the securities market (SFT-17) provided by one of …
CBDT has released an order dated March 13, 2024, in accordance with section 119 of the Income-tax Act, 1961 (referred to as “the IT Act”), aimed at providing assistance to successor companies engaged in business reorganizations such as amalgamations, mergers, or demergers authorized by competent bodies, …
The Goods and Services Tax Network (GSTN) has taken a significant stride towards enhancing payment convenience for taxpayers by incorporating DCB Bank Limited into its roster of banks on the GST Portal. With this addition, the total number of banks facilitating GST payments has risen to …
The Union Government has initiated legal action by filing a transfer petition before the Supreme Court, aiming to consolidate all pending cases challenging GST notices issued to real money gaming companies across various High Courts. The move, aimed at streamlining the legal process and ensuring uniform …
CBDT clarifies provisions under Finance Act 2023 relating to donations made by a trust/institution to another trust/institution for purposes of the application of income Any trust or institution registered u/s 12AA or 12AB of the Income Tax Act 1961 is exempt, subject to the fulfilment of …
In a landmark ruling, a Central Bureau of Investigation (CBI) court has delivered a resounding blow against corruption by sentencing two former income tax officials, Mahesh Sompura and Mukesh Raval, to three years in prison each. The verdict sheds light on the pervasive issue of bribery …
