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

Lt. Gen Syed Ata Hasnain (Retd.) Appointed Governor of Bihar

Lt. Gen Syed Ata Hasnain (Retd.) has been appointed as the Governor of Bihar, marking the transition of the...
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Appoitment

Sanjay Agarwal Reappointed as MD & CEO of AU Small Finance Bank

AU Small Finance Bank has reappointed Sanjay Agarwal as its Managing Director & Chief Executive Officer, reaffirming leadership continuity...
Transfer/Appointment

Odisha IAS Reshuffle: Key Changes Across MSME, Industry and Governance Sectors

The Government of Odisha has issued a fresh round of administrative adjustments among senior IAS officers, as per a...