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Income Tax dept raids in several states; Rs 94-crore cash, jewellery seized

The Income Tax Department on Monday has conducted raids and seizure action related to some government contractors, real estate developers and their associates last week and about 55 premises were covered in Karnataka, Andhra Pradesh, Telangana and New Delhi. According to a CBD...
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Early Release Of ITR Forms To Permit Filing Of Returns Beginning April 1: CBDT

The Central Board for Direct Taxes (CBDT) had notified the Income Tax department on Wednesday said the ITR forms for 2022-23 will come into effect from April 1 and have been informed in a timely manner to allow the filing of returns beginning with the next Assessment Year. To ...
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GAIL, the first oil, gas PSU to sign an advance pricing agreement with CBDT

A contract between the Gas Authority of India Ltd (GAIL) and the Central Board of Direct Taxes (CBDT) was signed with the US for a period of five years, in which an advance pricing agreement (APA) was entered into in order to determine the transfer pricing margin for sourcing ...

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