Income-tax (Fifth Amendment) Rules, 2024 for FORM ITR-V Income Tax Verification and Acknowledgement Form: IT Notification No. 37/2024 dated 27.03.2024 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th March, 2024 G.S.R. 233(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income-tax…
Deduction of Income tax for the FY 2024-25 – Guidelines emphasizing early start, arrears, proof submission, and system automation: PCDA Circular dated 06.03.2024 Principal Controller of Defence Accounts (Central Command) 1 Cariappa Road, Lucknow Cantt.— 226002 No. AN/Pay/1/Circular.2024-25 Date: 06.03.2024 To, The Officer in4 Charge All Section of Main Office All sub Office under the…
Order under section 119 of the Income-tax Act, 1961 – Income Tax Offices throughout India shall remain open on 29th, 30th and 31st March, 2024: CBDT F. No. 225/53/2024-ITA-II Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) *** New Delhi, the 18th March, 2024 Subject: Order under section 119…
Income-tax (Third Amendment) Rules, 2024 – Notification of Form ITR-7 for AY 2024-2025 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 1st March, 2024 G.S.R 153(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income tax Act, 1961 (43 of 1961), the…
Processing of returns of income validly filed electronically with refund claims under section 119 of the Income tax Act, 1961 for AY 2021-22 till 30.04.2024: CBDT Order dated 01.03.2024 F. No. 225/132/2023/ITA-I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes **** North Block, the 01st March, 2024 Order under…
Implementation of e-Verification Scheme-2021: Income Tax Department has identified certain mismatches between third party information on interest and dividend income Ministry of Finance Implementation of e-Verification Scheme-2021 Income Tax Department has identified certain mismatches between third party information on interest and dividend income, and the Income Tax Return (ITR) filed by taxpayers Taxpayers can provide…
Increase in tax rebate for individuals with income up to Rs. 7 lakhs, promoting compliance and robust collections: Rajya Sabha QA GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE RAJYA SABHA STARRED QUESTION NO. *37 ANSWERED ON 06.02.2024 INCREASE IN TAX REBATE *37. DR. K. LAXMAN: Will the Minister of Finance be pleased to…
Faceless tax assessment was introduced from April 1, 2021- Details of direct tax collection, benefits, and grievance redressal explained: Rajya Sabha QA GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE RAJYA SABHA UNSTARRED QUESTION NO. 382 TO BE ANSWERED ON TUESDAY THE 06TH FEBRUARY, 2024/ 17 MAGHA, 1945 (SAKA) Faceless tax assessment 382. SHRI…
Highlights of Finance Bill, 2024: Tax Rate Changes, Deductions, Faceless Scheme, TCS, and Outstanding Tax Demand Amendments HIGHLIGHTS OF FINANCE BILL, 2024 1. Proposed Changes in Tax Rates No changes in tax rates are proposed by Finance Bill, 2024 Note: View PDF for Finance Bill, 2024 ‘PART I INCOME-TAX for details. 2. Proposed amendments w.r.t….
Income-tax (Amendment) Rules, 2024 – Revision of Form ITR-2, ITR-3 & ITR-5 for AY 2024-25 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 31st January, 2024 G.S.R. 83(E).— In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of…
Processing of returns of income validly filed electronically with refund claims section 143(1) of the Income-tax Act, 1961: CBDT extends time limits until 30.04.2024 F. No.225/132/2023/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, the 31st January, 2024 Order under section 119 of the Income-tax Act, 1961…
Income-tax (First Amendment) Rules, 2024: Notification No. 16/2024 dated 24.01.2024 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 24th January, 2024 G.S.R. 64(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct…