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The Central Board of Direct Taxes has released Excel Offline Utility dated July 06, 2022 for the preparation and filing of ITR-7 for the Assessment Year 2022-23.
Source: IT portal
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Income Tax Appellate Tribunal (ITAT) benches in Delhi and Mumbai recently ruled in favour of allowing tax deductions under Section 80G of the Income Tax Act for corporate donations made as part of companies’ corporate social responsibility (CSR) expenses.
Check due dates for salaried individuals, professionals, companies, proprietorship firms, other taxpayers
The country’s gross direct tax collections for the financial year 2025-26 rose by 4.86 per cent to about 5.45 lakh crore rupees as of June 19 compared to about 5.19 lakh crore rupees in the same period last year. However, net direct tax collections saw a marginal decline of 1.39 per cent, dropping to over 4.58 lakh crore rupees…