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CBDT extends deadline for filing audit reports of FY24 to October 7

CBDT extends deadline for filing audit reports of FY24 to October 7

According to a circular (No. 10/2024, reference 225/205/2024-ITA-II) issued by the Central Board of Direct Taxes on Sunday, the deadline for filing these reports has been pushed from September 30 to October 7, this year

30 September,2024 10:20 AM IST | New Delhi | mid-day online correspondent
Shah Rukh Khan tops taxpayers' list, this South actor ranks 2nd

Shah Rukh Khan tops taxpayers' list, this South actor ranks 2nd

Shah Rukh Khan has become the highest tax paying individual Indian celebrity. The actor who had a great run at the box office with his last three releases paid a handsome amount in taxes. Check out the full list

05 September,2024 11:32 AM IST | Mumbai | mid-day online correspondent
CBDT issues clarification in respect of income-tax clearance certificate

CBDT issues clarification in respect of income-tax clearance certificate

Section 230 (1A) of the Income-tax Act, 1961 (the 'Act') relates to obtaining a income-tax clearance certificate, in certain circumstances, by persons domiciled in India

21 August,2024 02:10 PM IST | New Delhi | mid-day online correspondent
72% of taxpayers opt for New Tax Regime while filing ITR for AY 2024-25

72% of taxpayers opt for New Tax Regime while filing ITR for AY 2024-25

5.27 crore have been filed in the New Tax Regime while the remaining 2.01 crore ITRs are filed in the Old Tax Regime

02 August,2024 04:28 PM IST | Mumbai | mid-day online correspondent
Exaggerated, bogus claims for refunds punishable: I-T Dept

Exaggerated, bogus claims for refunds punishable: I-T Dept

The ITR filing season for assessment year 2024-25 will end on July 31 for all categories of taxpayers whose accounts are not supposed to be audited

29 July,2024 09:30 AM IST | New Delhi | Agencies
Union Budget 2024: Tax relief, job boosts, and a spending surge

Union Budget 2024: Tax relief, job boosts, and a spending surge

Finance Minister announces income tax cuts, job creation funds, and infrastructure spending spree in a high-stakes first budget after elections

24 July,2024 07:28 AM IST | New Delhi | Agencies
Union Budget 2024: Nirmala Sitharaman hikes std tax deduction to Rs 75,000

Union Budget 2024: Nirmala Sitharaman hikes std tax deduction to Rs 75,000

Sitharaman, in the Union Budget 2024 presentation, announced that the standard deduction for salaried employees will be increased from Rs 50,000 to Rs 75,000.

23 July,2024 01:08 PM IST | Delhi | mid-day online correspondent
ED attaches assets worth Rs 14.02 cr in Rs 263 cr Income Tax refund fraud case

ED attaches assets worth Rs 14.02 cr in Rs 263 cr Income Tax refund fraud case

Part of the concealed PoC has further been invested in the two Indian companies based in Mumbai and Gurugram under the guise of share investment by making cross-border remittances

13 July,2024 10:14 AM IST | Mumbai | ANI
Maharashtra to receive AI support through 'MARVEL' to expeditiously solve crimes

Maharashtra to receive AI support through 'MARVEL' to expeditiously solve crimes

According to the state government, Maharashtra is the first state in the country to create such an independent entity for law enforcement

06 July,2024 10:10 PM IST | Mumbai | IANS
Rs 263-crore income tax refund fraud case: Man remanded in judicial custody

Rs 263-crore income tax refund fraud case: Man remanded in judicial custody

The agency arrested Chavan on May 20, a day after the agency raided his premises in Mumbai

28 May,2024 08:23 AM IST | Mumbai | mid-day online correspondent

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