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Latest Articles in income tax act

CBDT provides ITR filing compliance check functionality for scheduled commercial banks

CBDT provides ITR filing compliance check functionality for scheduled commercial banks

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MP Mumbai North East Manoj Kotak Urges Finance Minister To Unlock The Potential Of The Economy

Exempting residential property sale proceeds from long-term capital gains tax, applicable for reinvestment of proceeds in industrial capital, would require an amendment to u/s 54GB of the Income Tax Act.

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No proposal to include high-value transactions in Income Tax Return, information to be collected from third-parties only: Sources

No proposal to include high-value transactions in Income Tax Return, information to be collected from third-parties only: Sources

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Budget Proposes Wide-Ranging Facilitation Measures In Direct Tax Regime

Referring to several measures taken to reduce tax litigations, Sitharaman said that in the last Budget, Sabka Vishwas Scheme was brought in to reduce litigation in indirect taxes.

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Govt Slashes Corporate Tax To 25.17 Per Cent For Domestic Cos

Making the announcement, Finance Minister Nirmala Sitharaman said the new tax rate will be applicable from the current fiscal which began on April 1.

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Income Tax Act Treats All Assesses Alike, Not Discriminatory: Supreme Court

The apex court did not find anything wrong with section 139AA of the Act and said all income tax assesses "constitute one class" and are "treated alike" by this provision which was challenged.

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Undisclosed Income: A Chance For Tax Evaders To Come Clean

The NDA government has decided to open a one-time, four-month compliance window for domestic black money-holders

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