Category: Income Tax
ICAI presents Memorandum/ specific clause wise suggestions on Income tax Bill, 2025
ICAI, presents Specific Clause-wise suggestions on Chapter I to XXIII of the Income Tax Bill, 2025. For now, PART-1 containing chapter I to IV and clauses 1 to 95 is being covered.
The Income Tax Bill, 2025 as amended by Select Committee
The Select Committee suggested changes on the Income Tax Bill, 2025. Words and figures underlined indicate the amendments and (**) mark indicates the omission.
Processing of returns filed u/s 139 of the IT Act, 1961 beyond prescribed time limit
CBDT issued Order u/s 119(2)(a) of the Income tax Act, 1961 regarding processing of returns filed u/s 139 of the Income-tax Act, 1961 beyond the prescribed time limit vide F. No.225/205/2024/ITA-II dated 09.06.2025.
Supplementary FAQs for the FA Bill 2025
Income tax India.gov.in published an FAQs on the amendment to Income tax Act, 1961
Income tax department intends to engage a MSP to Design, Develop, Implement, Operate and Maintain the PAN 2.0 Project
The Income Tax Department intends to engage a Managed Service Provider (MSP) to Design, Develop, Implement, Operate and Maintain the PAN 2.0 Project.
Income tax return statistics AY 2023-24 V1 June 2024
Income tax department published income tax return statistics for AY 2023-24 version 1 with an objective to encourage wider use and analysis of Income tax data by Departmental personnel and academicians.
Draft Implementation Guide with respect to changes in Form 3CD and 3CEB vide Notifications issued in March 2024
Comments/views of members are sought on the Implementation Guide ” “Implementation Guide with respect to Changes in Form No. 3CD and Form No. 3CEB vide Notifications issued in March 2024” with a view to make the said publication more effective and useful.
Offline Utilities for ITR-1, ITR-2, ITR-4 and ITR 6 for AY 2024-25 are available for filing
Income tax portal news and flash highlights as “Offline Utilities for ITR-1, ITR-2, ITR-4 and ITR 6 for AY 2024-25