IT Department sets April 30 as deadline for approval of pending refunds

[ad_1] There is good news for those who have not got their income tax refund yet. The Income Tax Department has set April 30 as deadline for approving pending refunds.  Also read:I-T dept opens portal to file returns for 2025,...

Why is the Congress facing a Rs 3,567-crore demand from the Income Tax department?

[ad_1] Why is the Congress facing a Rs 3,567.33-crore demand from the authorities, even though it is commonly understood that political parties are exempt from paying income tax?Since the beginning of this year, the Congress has received several income tax...

No new change in income tax regime from April 1: FinMin

[ad_1] The Finance Ministry on Monday, said there is no change in the new income tax regime for individuals for the current fiscal year and individual taxpayers can opt out of the regime at the time of filing their ITR.Also...

Net direct tax mop-up jumps 20% to ₹18.9-lakh cr in FY24 on rising income, compliance

[ad_1] Improved compliance, along with rising income levels, helped the government collect over ₹18.9-lakh crore as net direct taxes from April 1 to March 17 of the current fiscal. With this, 97 per cent of the revised estimate of ₹19.45-lakh crore...

Reference from PMO or VIP can prompt out-of-turn disposal of income tax appeals

[ad_1] A reference from the Prime Minister’s Office or a VIP reference will help your Income Tax Appeal to be taken up on priority or out of turn disposal, Central Board of Direct Taxes (CBDT) has said in its new...