Tag:Income Tax

News

Income Tax Bill 2025 Tabled: A Step Toward Simplifying the 1961 Tax Regime

The Income tax Bill, 2025 was tabled in Parliament, marking a significant step toward simplifying the language and structure of the Income-tax Act, 1961. The...
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Transfer/Appointment

Three IRS Officers Appointed as Principal Chief Commissioners of Income Tax

In a recent notification, three senior IRS officers have been appointed to the grade of Principal Chief Commissioner of Income Tax (CCIT) (level 17...
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News

CBDT Extends Deadline for Filing Form 10A/10AB to June 30, 2024

In a move aimed at easing the burden on taxpayers, the Central Board of Direct Taxes (CBDT) has extended the due date for filing...
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News

No Changes in Income Tax Regime from April 1, 2024: Taxpayers Can Opt for Lower Rates

In a recent update, it has been confirmed that there will be no changes in the income tax regime starting April 1, 2024. The...
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News

CBDT Allows Trusts and Institutions to Correct Audit Reports by March 31st, 2024

The Central Board of Direct Taxes (CBDT) has granted relief to trusts and institutions regarding the submission of audit reports for the Assessment Year...
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Banking

Direct Tax Collections Surge, Exceeding Expectations with 16.77% Growth

In a recent financial development, provisional figures of Direct Tax collections up to January 10, 2024, reveal robust growth, surpassing expectations. The data indicates...
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Economy

Finance Minister Nirmala Sitharaman’s Interim Budget 2024-25 Awaits, Expectations Soar for Income Tax Benefits

As anticipation mounts for Finance Minister Nirmala Sitharaman's presentation of the Interim Budget 2024-25 on February 1, taxpayers and industry experts are closely watching...
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Latest news

Transfer/Appointment

Kaviarasan K Appointed Director in the Ministry of Home Affairs

Kaviarasan K, IES has been appointed Director in the Ministry of Home Affairs (MHA), taking on a senior administrative...
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Appointments

IA&AS Officer Akshay Gopal Appointed Deputy Secretary in Petroleum Ministry

Akshay Gopal (IA&AS) officer, has been appointed Deputy Secretary in the Ministry of Petroleum and Natural Gas. The appointment...
Transfer/Appointment

IAS Mamta Yadav Assumes Charge as Director of J&K DIPR

IAS Mamta Yadav has assumed charge as Director of the Jammu and Kashmir Department of Information and Public Relations...