The Income Tax Department is set to enhance its Annual Information Statement by incorporating additional data. This revision extends to GST...

Selling inherited property? Know who among the brothers and sisters are liable to pay capital gains tax on it and how to claim tax relief.

Based on ground intelligence and analysis of data, Income tax dept Income tax dept has identified suspicious entities who sent money abroad...

Higher monetary limits for tax appeals have reduced disputed tax demand by about ₹16,690 crore, with over 23,000 departmental cases withdra...

India's virtual digital asset taxation remains among the world's toughest. Investors face a flat thirty percent tax on gains and one percen...

Airlines are now exempt from deducting tax at source on lease rentals paid to eligible aircraft leasing companies in GIFT City. This move a...

CBDT has found that many state government entities and local bodies are not timely filing their income tax returns. Some are also defaultin...

The Indian government has exempted specific payments made to units of 14 service sectors in the International Financial Services Centre (IF...

As per the FAQ issued by the Central Board of Direct Taxes (CBDT), a 1% TDS will have to be deducted from the gross sale amount after inclu...

The new provision coming into effect requires both sellers and buyers to undertake due diligence w.r.t. tax return filing status of the oth...

The Budget 2021 had brought in a provision which mandated that non-filers of income tax returns for past two fiscal years would be subjecte...

In his letter, accessed by , Chandra has expressed his "disappointment" over the growth rate under the Tax Deducted at Source (TDS) collect...

CBDT recently reviewed Tax Deducted at Source (TDS) collections and found that the Income Tax department had netted Rs 2.85 lakh crore reve...

CBDT has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically.

According to official data updated till March first week, TDS collections stood at 7.49 per cent as against 16.69 per cent in the same peri...

The Revenue Department has extended the due date of filing TDS and TCS for 2012-13 and 2013-14 till March 31 in case of government deductor...

The Revenue Department has exempted tax deduction at source (TDS) on certain payments like, bank guarantee commission and charges for wareh...