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Direct tax collections grow 21%
Tax collections have risen mainly on robust advance tax mopup
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RBI could pay Rs 1 lakh cr dividend
In FY24, the RBI transferred Rs 87,416 crore to the government and if the figure of Rs 1 lakh crore is achieved, it would be more than 14% higher than
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CBDT says no reopening of HRA mismatch cases
No special drive to review mismatched HRA cases, says Income Tax department
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Net I-T collections zoom 20% to Rs 19 lakh cr
Income-tax collections have risen sharply on back of high advance tax collection
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Check out mismatch between dividend income, ITR here
At present, the information mismatches relating to Financial Years 2021-22 and 2022-23 have been displayed on the Compliance portal
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AI is watching your IT, GST!
The government is focusing not only on large companies but also on individuals, ranging from jobholders to small business owners
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89% say getting faster I-T refunds: CII
As many as 89 per cent of individuals and 88 per cent of firms say that there has been a big reduction in waiting time to get an income tax refund b
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53% of FY24 I-T collected till Oct 9
The collection appears all the more remarkable since it comes on the back of a lacklustre performance on the corporate tax front
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Life policies with over Rs 5 lakh premium face tax
Previously, the IT Act exempted the amount received by way of bonuses under a life insurance policy. Now, following these regulations, no life insuran
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I-T notices sent to 1 lakh for income mismatch
Notices have been sent to over 1 lakh tax assessees for income mismatch and with income over Rs 50 lakh
