Government to Spread Tax Literacy Through Games, Puzzles and Comics

  The Central Board of Direct Taxes (CBDT) has brought out products to introduce concepts

Income Tax Returns Shows Growth in FY 22: CBDT

  The Central Board of Direct Taxes (CBDT) chairman Sangeetha Singh has said that the

No Change in TDS Rate on Virtual Digital Asset

  The Income tax department has clarified that the Tax Deduction on Source (TDS) on Virtual Digital Assets (VDA)

Tax Department Seeks Additional information in ITR Forms for FY 21-22

  The Income Tax Department has recently announced new Income Tax Return (ITR) forms for

GAAR Investigation Starts on Suspected of Tax Avoider Companies

  The government has started investigating as per General Anti-avoidance Rule (GAAR) into the suspected

CBDT Tightens Rules for TDS/TCS Non Compliance

  The Central Board of Direct Taxes (CBDT) has issued a circular in order to

PAN or Aadhaar Required for Rs 20 Lakh or More Bank Transactions

  The Central Board of Direct Taxes (CBDT) has issued notification according to which the

Government to Bring Parity to Long-Term Capital Gain Tax Laws

  The government has started discussions on bringing parity between long-term capital gains (LTCG) tax

Major Income Tax Changes Applicable from FY 22-23

  CRYPTO TAX The 2022-23 Budget has brought in clarity concerning the levy of income

Government Notifies ITR Forms for FY 2021-22

The Central Board of Direct Taxes (CBDT) has notified forms for filing Income tax returns

Linking of PAN and Aadhar Will Cost from 1st April 2022

  Ministry of Finance has issued a press release regarding linking of Permanent Account Number

State Legislature Can Levy Tax on Lotteries of Other States within Its Jurisdiction: Supreme Court

The Supreme Court on 23rd March, 2022 has held that a State legislature is fully

Income Tax Refund of Over Rs 1600 Crore Issued in Five Days

  Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of

Crypto Losses Can’t be Set off Against Gains

  The Government on 21st March, 2022, has clarified that losses from one Crypto cannot be

Direct Tax Collections Rise 48.4% for FY22

  The Ministry of Finance has informed that the Direct Tax collections for the FY

Over 6.63 crore ITRs & 99.27 Lakh Statutory Forms already filed for FY21

  Ministry of Finance has informed that more than 6.63 crore Income Tax Returns (ITRs)