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Record 8.18 crore ITRs filed so far in AY 2023-24: Finance Ministry

The total number of audit reports and other forms filed during the period is 1.6 crore, as against 1.43 crore audit reports and forms filed in the corresponding period of preceding year | Latest News India ....

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Last day for filing Income Tax Returns for FY 2022-23 ends on December 31

Income Tax Return Filing Last Date: The Income Tax Department allows the submission of updated ITRs after the December 31 deadline, but additional taxes may apply for adjustments to income. ....

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Income Tax: CBDT releases circular on 1% TDS on e-commerce transactions. Details here

The deduction of 1% TDS is meant to be made at the time of credit of the amount of sale or service to the account of e-commerce participant. The confusion, however, arises when there is more than one e-commerce operators. The CBDT has released a circular to clarify doubts pertaining to this. ....

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