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ITR Filing: Over 8 crore income tax returns submitted for AY 2023-24

The I-T deparment has also issued a warning for taxpayers who missed the July 31 deadline to file their ITRs for financial year 2022-23. ....

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Tax Dept Sending Advisory to Taxpayers on Mismatch in I-T Returns, TDS and TCS Deductions

While taxpayers are worried over a communication received from the income tax (I-T) department about the mismatch in I-T returns (ITRs), tax deducted at source (TDS) and tax collected at source (TCS), the department clarified that these are not notices but only an advisory. ....

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I-T Dept sends advisories to taxpayers over mismatches in ITR: What we know so far

An advisory is sent in only those cases where there is an apparent mismatch between disclosures in the ITR and information as received from the Reporting Entity, said I-T Dept ....

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India's Direct Tax Collections Surge In FY 2023-24; Gross Direct Tax Collection Up By 17.95%

India's Direct Tax Collections Surge In FY 2023-24; Gross Direct Tax Collection Up By 17.95%
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Direct tax collections cross Rs 11 lakh crore in October, up 18% YoY: Fin Min

A five-fold-plus jump in corporate tax collections in August had helped limit the Centre s fiscal deficit in the first five months of 2023-24 to 36 percent of the full-year target ....

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