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India`s net direct tax collections surge 15.4 pc to Rs 12.1 lakh crore in April-Nov India’s net direct tax collections, comprising corporate tax and personal income tax, shot up by a robust 15.4 per cent to Rs 12.1 lakh crore, from April 1 to November 10 during the current financial year, according to the latest figures released by the Central Board of Direct Taxes (CBDT).  On a gross basis, direct taxes surged by over 21 per cent to Rs 15 lakh crore on a gross basis during the period. The government issued tax refunds of Rs 2.9 lakh crore which is a 53 per cen...
India`s net direct tax collections surge 15.4 pc to Rs 12.1 lakh crore in April-Nov
India`s net direct tax collections surge 15.4 pc to Rs 12.1 lakh crore in April-Nov
Source: IANS
2024-11-12 12:35:31 pm
Income tax department notifies Cost Inflation Index for current fiscal The income tax department has notified the Cost Inflation Index (CII) for the current fiscal beginning April 2024, for calculating long-term capital gains arising from sale of immovable property, securities and jewellery. The CII is used by taxpayers to compute gains arising out of sale of capital assets after adjusting inflation. The CII for financial year 2024-25, relevant to assessment year 2025-26, stood at 363, as per a notification of the Central Board of Direct Taxes (CBDT). The CII nu...
Income tax department notifies Cost Inflation Index for current fiscal
Income tax department notifies Cost Inflation Index for current fiscal
Source: Accord Fintech
2024-05-27 10:04:27 am
Income Tax Dept rolls out new functionality in AIS for taxpayers The Income Tax Department has now rolled out a new functionality in Annual Information Statement (AIS) to display the status of the information confirmation process to taxpayers, according to a statement issued by the Central Board of Direct Taxes (CBDT) on Monday. This functionality will display whether the feedback of the taxpayer has been acted upon by the source, by either, partially or fully accepting or rejecting the same. In case of partial or full acceptance, the information is req...
Income Tax Dept rolls out new functionality in AIS for taxpayers
Income Tax Dept rolls out new functionality in AIS for taxpayers
Source: IANS
2024-05-14 10:32:38 am
CBDT extends deadline for filing Form 10A/10AB by taxpayers to June 30 The Central Board of Direct Taxes (CBDT) on Thursday extended the deadline for filing Form 10A/Form 10AB by trusts, institutions, and funds under the Income-tax Act till June 30, 2024. The CBDT said the date has been extended to avoid hardships to taxpayers who are facing genuine problems and had requested an extension. Earlier also, the CBDT had extended the date for filing Form 10A/ Form 10AB to mitigate the problems of the taxpayers. The last such extension was till September 30, 202...
CBDT extends deadline for filing Form 10A/10AB by taxpayers to June 30
CBDT extends deadline for filing Form 10A/10AB by taxpayers to June 30
Source: IANS
2024-04-26 09:08:47 am