This year a record of over 1.62 crore ITRs were processed in a single day for A.Y. 2024-25, according to the statement.

At its peak, the income tax return portal handled over 900 filings in a second and close to 70 lakh ITR filings a day, as tax ...

The recent rejection of a rectification request under Section 154 of the Income Tax Act, 1961, by the Income Tax Department without providing any explanation ...

Finance Minister Nirmala Sitharaman announced the review of the Income-Tax Act, during the budget presentation in July.

Revenue Secretary Sanjay Malhotra's unexpected transfer to the RBI just weeks before the Union Budget presentation has left a crucial vacancy in the Finance Ministry. With several new secretaries ...

The income-tax review committee, tasked with overhauling the country’s decades-old laws, will not suggest changes to tax ...

Revenue secretary Sanjay Malhotra's transfer to Mumbai has left a key position vacant weeks before the Union Budget. This isn ...

ITAT Surat held that rejection of application for regular approval of fund under section 80G (5) of the Income Tax Act as time barred not justified in terms of relaxation of time period as per CBDT ...

Cross-border data transfers (CBDT) have become a key focus in the GBA as the region works to enhance economic integration ...

Parliamentary panel report reveals high vacancy rates in CBDT and CBIC, hindering tax collection and efficiency.