https://t.co/mcFBWiJdEE
I have started academic blog: 1st topic is "Inquiries during assessment proceedings is a shared burden amongst Assessing Officer, Commissioner (Appeals) and ITAT
These are not articles but detailed notes. This is about 47 pages. Hope you will find useful
Kind Attention Taxpayers!
Last date for filing your Updated Income Tax Return for Assessment Year 2021-2022 is 31st March, 2024.
Don’t delay, file today!
So happy to see this. What a revolutionary step by the CM. Makes me extra proud and happy as this is a cause I believe in and three years back to celebrate my 50th birthday, my wife and I became proud organ donors
Income Tax Department has released a consolidated Time-Series data upto FY 2022-23 with a focus on placing key statistics related to Direct Taxes in public domain.
Key highlights:
👉160.52% growth in Net Direct Tax Collections from Rs. 6,38,596 crore in F.Y. 2013-14 to Rs. 16,63,686 crore in F.Y. 2022-23.
👉173.31% increase in Gross Direct Tax Collections from Rs. 7,21,604 crore in FY 2013-14 to Rs. 19,72,248 crore in F.Y. 2022-23.
👉Direct Tax to GDP ratio increased from 5.62% in F.Y. 2013-14 to 6.11% in F.Y. 2022-23.
👉Cost of collection reduced from 0.57% of total collection in the F.Y. 2013-14 to 0.51% in F.Y. 2022-23.
👉104.91% increase in total number of ITRs filed in FY 2022-23 which stands at 7.78 crore as compared to 3.80 crore ITRs filed in FY 2013-14.
This time series data is available at https://t.co/93GzSTwqOw.
Details in Press Release at:
https://t.co/L4Z7PEYVmm
Big cheers to @rpraggnachess for this remarkable triumph against World Champion, Ding Liren. At the young age of 18, you haven’t just dominated the game but also risen to become India's top-rated player.
Best wishes for your upcoming challenges. Continue to bring glory to India on the international stage in chess.♟️🇮🇳
Record number of Income Tax Returns (ITRs) filed till 31st December, 2023!
Few highlights:
👉 8.18 crore ITRs filed for AY 2023-24 upto 31.12.2023 which is 9% higher y-o-y.
👉1.60 crore audit reports and other forms filed.
👉AIS facility was used extensively, resulting in smoother and faster filing of ITRs.
👉TIN 2.0, a digital e-pay tax payment platform, has enabled real-time credit of taxes to taxpayers which made ITR filing easier & faster.
👉Over 103.5 crore outreaches were made through targeted e-mails, SMS and other creative campaigns to encourage taxpayers to file their ITRs and Forms early.
👉e-filing helpdesk team handled approximately 27.37 lakh queries from taxpayers upto 31.12.2023.
The Department expresses its gratitude to all taxpayers and tax professionals for their support and timely compliance. Taxpayers are also requested to verify their unverified ITRs, if any, within 30 days.
Details in Press Release:
https://t.co/0bxH649NgD
CBDT issues guidelines for Section 194-O of the Income - tax Act, 1961.
Circular No. 20/2023 dated 28/12/2023 issued, providing clarity on applicability of Section 194-O in a multiple e-commerce operator model framework.
The Circular is available at:
https://t.co/o6DZCxkBIL
Details in the Press Release at:
https://t.co/toQQvskOqL
हसदेव जंगल को लेकर बनाया गया एक मार्मिक वीडियो 🌳 वीडियो बनाने वाले, गीतकार, संगीतकार और गायक को 🙏 बहुत-बहुत धन्यवाद। 🥦। आर डी दाहिया 🥦 पर्यावरण प्रेमी संगठन
President gives assent to the three Criminal Law amendment bills passed by Lok Sabha and Rajya Sabha:
▪️The Bharatiya Nagarik Suraksha Sanhita, 2023
▪️The Bharatiya Nyaya Sanhita 2023
▪️Bharatiya Sakshya Adhiniyam,2023
CBDT notifies Forms ITR 1 and 4 vide Notification No. 105/2023 in G.S.R. 908(E) dated 22nd December, 2023.
The Forms are available at:
https://t.co/Oc9r0YTzsD
Other Income Tax Return forms will be notified in due course.
The month of November 1971, 52 years ago, Very important events were happening in our country.
The year was 1971 and the month November.
“If India pokes its nose in Pakistan, US will not keep its trap shut. India will be taught a lesson.”
- Richard Nixon
“India regards America as a friend. Not a boss. India is capable of writing its own destiny. We know and are aware how to deal with each one according to circumstances.”
- Indira Gandhi
Indian Prime Minister Indira Gandhi articulated these exact words sitting with the US President Richard Nixon in the White House, while maintaining an eye-to-eye contact. This incident was narrated by the then Secretary of State and NSA, Henry Kissinger, in his autobiography.