Angel Tax: Experts say most startups unlikely to benefit from new rules
Only a small universe of Indian startups stand to benefit from the recent tax notification issued by the CBDT, says Deloitte India partner Russell Gaitonde
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No angel tax on pvt investment from 21 countries in Indian startups
Economies like the US, the UK, Germany and France included in the list; Singapore, Netherlands and Mauritius kept out
Online gaming bonus, incentives taxable if withdrawn, says CBDT
CBDT lays out guidelines with regards to tax provisions on income from online games
CBDT notifies ITR forms for assessment year 2023-24
ITR forms have been notified in advance in order to enable filing of returns from the beginning of the ensuing assessment year.
Gross direct tax collection jumps 26% to ₹13.63 lakh cr for FY23
The net direct tax collection grew 19.81% year-on-year to ₹11,35,754 crore during the ongoing financial year.
Direct tax collection up 24.2% to ₹8.7 lakh cr till Nov
FinMin says July 31, 2022, marked the highest filing of ITRs in one day at 72.42 lakh, while throughout the month, 5.13 crore returns were filed.
CBDT proposes common ITR form for taxpayers
The proposed draft ITR takes a relook at the return filing system in tandem with international best practices, says CBDT.
Govt extends ITR filing deadline for FY21 to March 15
The Central Board of Direct Taxes (CBDT) had earlier extended the last date for filing ITRs for the assessment year 2021-22 till December 31.
Breather for tax payer; AIS data not for tax calculation: CBDT
The department says tax payers can raise a red flag if they do not agree with any transaction mentioned in AIR.
Tax dept's AIS knows all about your transactions
I-T department rolls out new Annual Information Statement to provide comprehensive information about taxpayers, including actions initiated by law enforcement agencies.
