The Income Tax department has issued an advisory for validation of Bank account for INCOME TAX REFUND It may be possible that you have filled your Income tax return but still have not received refund due to bank validation issue then you should go with the advisory issued by the department. This is the below-given […]
Income Tax Notification No. 43/2023: The Central Board of Direct Taxes (CBDT) has notified new form 10IEA for opting and withdrawing from new regime for FY 2023-24 via notification no. 43/2023 dated 21st June 2023. What is form 10IEA? Form 10IEA is a form related to income tax that allows individuals to opt for or […]
Central Government in consultation with the Chief Justice of the High Court of Jharkhand designates the special economic offence court to curb black money. Black money refers to money that has been illegally earned, undeclared, or untaxed. It can include income from illicit activities, tax evasion, bribery, corruption, and other forms of illegal financial transactions. […]
Income Tax Notification No. 39/2023: Central Board of Direct Taxes (CBDT) has notified the Cost Inflation Index for the financial year 2023-24/Assessment Year 2024-25 via notification no. 39/2023 dated 12th June 2023. The Cost of Inflation Index for the financial year 2023-24 is 348, vide CBDT notification no. 39/2023. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD […]
Income Tax Notification No. 38/2023: Central Board of Direct Taxes (CBDT) has notified the e-advance rulings (Amendment) Scheme, 2023. This notification will amend e-advance rulings Scheme, 2022. The amendment is related to the Members of a Board for Advance Rulings, it is notified via notification no. 38/2023 dated 12th June 2023. MINISTRY OF FINANCE(Department of […]