Introduction: Lok Sabha Unstarred Question No. 87, presented by Shrimati Mala Roy, probes into crucial aspects of India’s Income Tax scenario for the Financial Year 2022-23. The question seeks information on the percentage of people filing returns, the total income tax collected, and the annual plan and non-plan expenditure of the I...
Explore the latest data on Gross Direct Tax collections for FY 2023-24, witnessing a remarkable 17.59% YoY growth, netting Rs. 12.37 lakh crore. Detailed analysis of Corporate and Personal Income Tax included...
Ministry of Finance reports a record 7.85 crore ITRs filed for all assessment years by 31st October 2023. Detailed analysis of filing trends and procedures....
Chamber of Tax Consultants seeks an extension for filing Form 10B and Form 10BB while requesting relaxation of requirements. Details and updates here....
Explore the remarkable increase in taxpayer compliance as India's Time Series Data of Direct Taxes showcases rising ITR filings, income growth, and tax collection success....
CBDT's Circular 19/2023 provides relief for domestic companies opting for taxation under Section 115BAA. Learn the conditions for condonation of Form 10-IC delays for A.Y. 2021-22....
Income Tax Department conducts search & seizure operation in Tamil Nadu and Puducherry, revealing tax evasion, unaccounted funds, and diversification in education and other businesses....
Income Tax Department's recent searches reveal tax evasion schemes by contractors, leading to unaccounted cash and asset creation. Details of operation....
Recent Income Tax search operation in Kashmir Valley exposes a prominent business group's substantial tax evasion in sectors including Cement, Steel, and Real Estate...
Direct Tax Collections for F.Y. 2023-24 have surged, with gross collections up by 17.95%. Analysis of Ministry of Finance's latest data....