Recently, the Delhi High Court held that Central Board of Direct Taxes (CBDT) cannot impose limitations to extinguish rights ...

The focus will be on habitual violators, cases showing significant gaps between tax deductions and advance tax payments, ...

The changes are effective from Monday and hence, going forward, any compliance required, especially for financial year ...

The government has launched the PAN 2.0 project to improve and consolidate all PAN (Permanent Account Number) related ...

The Central Board of Direct Taxes has implemented new rules requiring business trusts to file income distribution statements ...

The Income Tax Department has introduced an online self-help tool to assist taxpayers in understanding the changes proposed ...

The tool is available on the official income tax website and helps users compare provisions of the new bill with the current ...

In a circular issued on Thursday, CBDT highlighted that penalty is applicable where tax is not deducted at source on ...

In a major relief for salaried individuals, the maximum exemption for leave encashment at the time of retirement for ...

Around 40,000 taxpayers are under scrutiny for potential defaults in tax deductions for the financial years 2022-23 and 2023-24.

Despite CBDT guidelines allowing a stay on tax demands after partial payment, taxpayers often struggle with delays and automatic refund adjustments. A digital overhaul and statutory time limits ...