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Latest Official Tax (Income Tax + TDS) Updates by CBDT India

Updated on Posted byCA VineetaPosted inIncome Tax News and Articles, Latest Tax Deducted at Source (TDS) News, Taxes in India 32 Minutes Read
Latest Income Tax and TDS Updates

Here we have provided complete notifications related to the Income Tax and TDS provisions as per the official government laws. We include all the latest updates in Income Tax and TDS, news, amendments, and circulars on the government portal for your reference.

Introduce of Income Tax

Income Tax is the tax levied by the government on the income earned by an individual in any given previous year. latest income tax update is charged as a price for utilizing the services provided by the government and maintaining the same. It is the main source of revenue for the central government.

The main motive of collecting income tax is so that the amount raised by the government can be used for the development of buildings, roads and other infrastructure and development services. Income tax is collected by the central government and distributed to the state governments.

Income tax is managed by the Central Board of Direct Tax (CBDT) and is governed by the Income Tax Act, of 1961. There are six sources of income according to the Indian tax system. Income from salary, income from business or profession, income from capital gains, income from other sources, income from house property, etc.

Different rates of tax apply to different types of income. Some deductions are also provided by the government on income. The taxable income of an individual can be calculated after the deduction of such deductions.

Income tax is charged by the government according to the income earned by the individual. It is levied according to a slab system. In India, two slab systems are working under income tax, namely, the old system and the new system.

The new IT slab system was introduced with the annual Budget for taxpayers. The government has provided an option of choosing between the slab systems to the assessees. An income tax return can be filed online by the individual assessee under forms ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, and ITR-7 according to the source of income of the assessee. The returns can also be filed by an assessee earning below the tax slabs. Non-compliance with the provisions of Income Tax can attract serious penalties prison, or both.

Tax Deducted at Source (TDS) in India

Tax deducted at source is the tax deducted by the payer before paying the amount to the payee. It is a form of direct tax. It is levied on incomes, dividends, asset sales, rents, and interest payments by the bank.

It is managed by the Central Board of Direct Tax (CBDT) and is governed by the Income Tax Act, of 1961. The returns of TDS are to be filed by the assessees every quarter.

The tax is imposed so that the burden of tax to be paid by the assessees at the end of the year is reduced infractions every month and the government too can earn some revenue beforehand. Different rates of tax apply to different types of transactions. TDS is a form of advance tax. The returns of TDS can be e-filed by the assessee.

Sections 194IA, 194IB, and 194IC of the Income Tax Act, 1961, govern the latest TDS rules for tax deduction on the sale of assets, while Section 302 governs TDS on dividends. If the tax deducted by the employer exceeds the actual liability, the employee can claim a refund.

Non-compliance with the provisions of TDS Updates can attract penalties prison, or both. Collection of TDS makes sure that there is no tax evasion by any individual as the employer is responsible for deducting the tax and the situation of tax evasion is not even possible. The statement of TDS is reflected in Form 26AS of the Income Tax Act, 1961 and can be claimed in the same.

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    Latest Update in Income Tax and TDS

    The latest update in Income Tax and TDS via the government has come up with a lot of amendments under different norms looking at the current situation of the taxpayers/businesses in India. Here is the complete set of the latest Income tax and latest TDS Updates amendments, crucial notifications, and announcements made by the government also the important information that every taxpayer must know:

    09th April 2025

    • CBDT issues Notification No. 30/2025, introducing the Tenth Amendment Rules, which include the release of the new ITR-B form for block assessments in search and seizure cases. Read the notification
    • CBDT announces that the last date to file under the Vivad se Vishwas Scheme is 30th April 2025. Read Notification
    • Income Tax Notification No. 31/2025 [F. No. 225/06/2024/ITA-II] relates to the Housing and Urban Development Corporation Limited (HUDCO). Read Notification
    • Notification No. 28/2025 [F. No. 300195/3/2024-ITA-I] pertains to the Punjab Regional and Town Planning and Development Act. Read Notification
    • Excel Based ITR-3 (V1.12) and ITR-6 (V1.9) Utility includes filing u/s 139(8A)  Download Now

    07th April 2025

    • Excel Based ITR-2 Utility (Version 1.12) includes filing u/s 139(8A), Download Now

    07th April 2025

    • The CBDT has notified Notification No. 27/2025, an exemption from TDS on withdrawals from the National Savings Scheme (NSS) under Section 194EE. Read more

    04th April 2025

    • “Notification u/s 139AA of the Income Tax Act, 1961 regarding Intimation of Aadhaar Number” Read PDF
    • The Income Tax Notification No. 25/2025/F. No. 370142/1/2025-TPL introduces the ninth amendment rules for section 139AA. Read PDF

    03rd April 2025

    • The CBDT Notification No. 124/2024, F. No. 370142/13/2024-TPL(Part), related to Form 3CEFC, is now available for filing on the e-filing portal. Read PDF

    31st March 2025

    • Due to tech issues, the Income Tax Department has granted an interest waiver on delayed TDS/TCS payments. Read Circular
    • The JSON Schemas for ITR-2 and ITR-6 are now available on the official e-filing portal. Download Now
    • The Notification No. 24 /2025/F. No. 300196/61/2024-ITA-I for the Karnataka Urban Water Supply and Drainage Board Act, 1973. Read PDF
    • The Income Tax Notification No. 23/2025/F. No. 370142/10/2025-TPL introduces the Eighth Amendment Rules for Section 44AB and Section 295. Read PDF

    28th March 2025

    • The IT Notification [No. 22/2025/F. No. 370142/08/2025-TPL], Seventh Amendment Rules, 2025, relates to the TDS payment on the salary of a firm’s partner under Section 194T. Read Notification

    27th March 2025

    • The Excel-based utilities for ITR-1, ITR-2 and ITR-5 are now available on the official e-filing portal.

    26th March 2025

    • The notification F. No. 370142/6/2025-TPL, related to the Sixth Amendment Rules, 2025, for Safe Harbour Rules under Section 92CB for AY 2025-26. Read notification

    25th March 2025

    • The IT department has released additional FAQs regarding the new Finance Bill, 2025. Read PDF

    21st March 2025

    • The e-pay tax option is listed in the sidebar menu on the official portal. View More

    19th March 2025

    • Now, individuals and HUFs can download the updated ITR-3 (V1.11) Excel-based utility from the official website. Download Now

    18th March 2025

    • Important FAQs on the compounding of offences are available on the official e-filing portal via Circular No. 04/2025. Read the Circular

    11th March 2025

    The IT department invites suggestions for simplifying Income Tax Rules and Forms. Read the PDF

    07th March 2025

    • The Income Tax Notification No. 18/2025, F. No. 196/46/2012-ITA-I, for the Delhi Building and Other Construction Workers Welfare Board. read more

    05th March 2025

    • The updated list of banks for the e-Pay tax service is now available on the government’s ITR e-filing portal. Read PDF

    28th February 2025

    • Uploading of information on the CRIU/VRU functionality for the implementation of Risk Management Strategy (RMS). Read more
      • F. No. 299/44/2022-Dir (Inv. IIIV1264 dated 12.01.2024
      • F. No. 225/135/2021/1TA-IIPart-I) dated 11.01.2023

    26th February 2025

    • The CBDT has issued Notification No. 17/2025 related to the Income-tax (Fifth Amendment) Rules, 2025. Read More

    21st February 2025

    • The IT Circular No. 03/2025 relates to the tax rate deduction from salaries under Section 192 for FY 2024-25. Read Circular

    19th February 2025

    • The deadline for filing Form 56F has now been extended until March 31, 2025, for AY 2024-25 under Section 44AB. Read Circular

    18th February 2025

    • ICSI, in alignment with ICMAI, requested FM for the inclusion of CS within the definition of ‘Accountant’ in the New I-T Bill 2025. read more

    13th February 2025

    • Income Tax Bill 2025: The CBDT has introduced a new overview highlighting the simplification of the Income Tax Act of 1961. read more

    12th February 2025

    • CBDT Notification No. 16/2025/F. No. 300195/31/2024-ITA-I for Real Estate Regulatory Authority, Punjab. Read more

    10th February 2025

    • CBDT [Notification No. 15/2025/ F. No. 203/27/2024/ITA-II], in the exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the IT Act, 1961 (43 of 1961), along with Rules 5C and 5E, has issued the following notification. Read More
    • The Income Tax Department has released a direct tax collections report for F.Y. 2024-25 as of 10.02.2025. See Here

    07th February 2025

    • Income Tax (Third Amendment) Rules, 2025: New Guidelines for Establishing an Infrastructure Debt Fund for Exemption Under Clause (47) of Section 10. Read More
    • The CBDT has issued Notification No. 14/2025 related to the Income-tax (Fourth Amendment) Rules, 2025. read more

    05th February 2025

    • Excel-based includes filing u/s 139(8A) for ITR-2, ITR-3 and ITR-4. Download Now

    30th January 2025

    • The IT notification no. 12/2025/F. No. 225/235/2024/ITA-II for the Joint Secretary to Government of India, DFPD and Ministry of Consumer Affairs, Food & Public Distribution. Read PDF

    29th January 2025

    • The notification [F. No. N-24015/4/2024-CC] for protected systems under subsections (1) and (2) of Section 70 of the IT Act. Read PDF
    • The IT notification No. 11/2025 [F. No. 203/24/2024/ITA-II] for the exemption of ‘Shri Chaitanya Health and Care Trust’ (PAN: AABTS6166N) for its unit ‘Bhaktivedanta Hospital & Research Institute.’ Read PDF
    • The Income Tax (Second Amendment) Rule provides an explanation for Clause 4D, 23FB of Section 10, and Section 94B of the IT Act, 1961. Read PDF

    23rd January 2025

    • Income Tax Circular No. 01/2025 provides updated guidance on the application of the Principal Purpose Test (PPT) under DTTAs. Read PDF

    22nd January 2025

    • The Income First Amendment Rules, 2025, pertain to the operation of cruise ship businesses under Section 44BBC. Refer to the Notification

    21st January 2025

    • The CBDT Order No. 8/2025 (F. No. 370153/01/2025-TPL) under the Direct Tax Vivad se Vishwas Scheme, 2024, pertains to cases of eligibility pending as of 22.07.2024. Please read the Order

    17th January 2025

    • The updated version of the JSON Schema for ITR-5, ITR-6, and ITR-7 is now available on the official portal.

    16th January 2025

    • The Notification No. 07/2025 (F. No. 203/20/2024/ITA-II) has been issued for the Central Power Research Institute (CPRI) concerning scientific research. Read PDF
    • The latest versions of the JSON schema and Excel-based utility for ITR-1, ITR-2, ITR-3, and ITR-4 are now available on the e-filing portal.

    10th January 2025

    • “An Updated return can be furnished u/s 139(8A) of the Income Tax Act 1961 by any person, whether or not he has furnished a return under sub-section (1) or sub-section (4) or sub-section (5),” read more

    09th January 2025

    • Common Offline Utility: Version (V1.1.11) for ITR 1 to ITR 4.

    08th January 2025

    • The Income Tax Notification No. 6/2025/F. No. 275/108/2024-IT(B) pertains to Form 1A for Units of International Financial Services Centres (Buyer and Seller). [Read PDF]

    06th January 2025

    • Notification No. 4/2025, F. No. 196/1/2023-ITA-I, relates to granting a tax exemption for Rabindra Setu under Income Tax Section 10(46). Read PDF
    • The IT Notification No. 5/2025 relates to granting a tax exemption to the Karnataka State Horticulture Development Agency. Read PDF

    03rd January 2025

    • The step-by-step guide for Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA). Read more
    • The IT notification no. 3/2025/F. No. 275/109/2024-IT(B) related to the non-deduction of tax shall be made under the provisions of section 194Q. read more
    • The income tax notification F. No. 1/2025/F.No. 275/110/2024-IT(B) for National Credit Guarantee Trustee Company Limited. Read more

    02nd January 2025

    • The Income Tax Department has released new Excel-based utilities for ITR 1, 4, 5, 6, and 7.

    31st December 2024

    • The due date for furnishing the belated/revised return of income for AY 2024-25 for resident individuals has been extended from 31st December 2024 to 15th January 2025. Please refer to the Circular
    • The due date for the Direct Tax Vivad Se Vishwas Scheme has been extended to 31st January 2025, from the earlier deadline of 31st December 2024. Read Circular

    30th December 2024

    • The Income Tax Department has made some improvements to its online system. Now, taxpayers can easily submit requests to correct mistakes in their tax assessment orders directly to their tax officer. View

    19th December 2024

    • The Chairman of CBIC, Shri Sanjay Kumar Agarwal, has shared a press release related to the launch of new initiatives to enhance taxpayer services. Read PR
    • The Income Tax Notification No. 128/2024/F.No. 275/77/2024-IT(B) pertains to the payment received by the Credit Guarantee Fund Trust under clause (46B) of Section 10. Read PDF

    17th December 2024

    • The new IT Guidelines No. 02/2024 and frequently asked questions (FAQs) relate to the DTVSV Scheme via circular no.19/2024. Read the PDF for details
    • The CBDT has launched a new e-campaign to assist taxpayers in resolving mismatched transactions for FY 2023-24 and FY 2021-22. Read PDF

    12th December 2024

    • The central government hereby amends Notification No. 44 of 2020, dated 6th July 2020. Read PDF

    09th December 2024

    • The new Income Tax Form 3CEFA (Application for Opting for Safe Harbour) is now available on the official e-filing portal, as per Notification No. 124/2024/F. No. 370142/13/2024-TPL(Part). Read PDF

    06th December 2024

    • The updated versions of the offline utilities (V1.1.5) for ITR-5, ITR-6, and ITR-7, and (V1.1.10) for the common utilities (ITR-1 to ITR-4), are now available on the official portal.

    05th December 2024

    • CBDT permits IIIT Hyderabad for Scientific Research Under the IT Act via notification No. 125/2024/F. No. 203/07/2024/ITA-II, read more

    02nd December 2024

    • The Income-tax Tenth Amendment rules 2024 in rule 10TD and 10TIC. Read PDF
    • The due date for furnishing a return of income under sub-section (1) of section 139 and section 92E for AY 2024-25 has been extended to December 15th, 2024. Read Circular

    29th November 2024

    • Income tax Notification No. 123/2024/F. No. 275/39/2021-IT(B) “Examination of the issue regarding exemption of Foreign representations approved by the Ministry of External Affairs from tax deduction at source us 194N of the Income-tax Act 1961”. Read PDF

    28th November 2024

    • The Notification No. 122/2024/ F. No. 225/68/2024-ITA.II to notifies the transfer of capital asset from NLC India Limited. Read PDF
    • The Income Tax Department has shared the list of banks for tax payment on the e-filing portal. Read PDF

    27th November 2024

    • Income Tax Forms 42, 43, and 44 are now available on the official e-filing portal. Read notification
    • The CBDT has approved SKAN Research Trust for tax benefits under Notification No. 121/2024/F. No. 203/02/2024/ITA-II. Read more

    21st November 2024

    • The Income tax notification number 06/2024 related to the specifying forms to be furnished electronically under sub-rule (1) and sub-rule (2) of Rule 13. Read Notification

    20th November 2024

    • The Income Tax circular no. 17/2024 relates to the condonation of delay in filing Form No. 10-IC or Form No. 10-ID. Read More

    18th November 2024

    • CBDT has issued a new circular no. 16/2024 for condonation of delay in section 119(2)(b) of the IT Act in filing Form No. 9A, 10, 10B, I0BB for AY 2018-19 and subsequent years. Read to know more
    • The Income Tax Department has issued a press release regarding the establishment of the Compliance-Cum-Awareness Campaign for AY 2024-25 to report foreign assets. Read more

    14th November 2024

    • The department has shared the PDF related to increasing foreign asset and income tax transparency. Read PDF

    13th November 2024

    • Income tax forms 3CEDA and 3C-O are now available for the official e-filing portal.
    • Income tax Notification No. 118/2024/F. No. 300195/12/2024-ITA-I related to the Petroleum and Natural Gas Regulatory Board. Read PDF

    12th November 2024

    • The updated Utility and MAC Utility of ITR-5, ITR-6 and ITR-7 are now available at the official e-filing portal.

    05th November 2024

    • The CBDT department has completed its month-long Special Campaign 4.0, reaching its goals. Read PR

    04th November 2024

    • The IT circular no. 15/2024 related to the order setting monetary limits for Income Tax Authorities to reduce or waive interest under Section 220(2). Read Circular

    30th October 2024

    • The CBDT has issued two new forms, 3CEDA and 3C-O, notifying the electronic submission of forms under Rule 131 for tax compliance. Read More
    • CBDT new Circular No.14/2024 of condonation of delay under clause (b) of sub-section (2) of I-T section 119 for returns of income claiming deduction under section 80P for AY 2023-24 Reg. Read Circular

    28th October 2024

    • The due date for filing income tax audit has been extended to November 15, 2024, as per circular no. 13/2024. Read Circular

    25th October 2024

    • New Common, MAC and an Excel-based Utilities of ITR-7 form.
    • Common Offline Utility: Version (V1.1.7) for ITR 1 to ITR 4.

    23rd October 2024

    • The updated version of the common utility for IT forms 3CA-3CD and 3CB-3CD is now available on the official portal. Download Now

    22nd October 2024

    • For the ITR-3 tax filers now download the updated version of the Excel-based utility at the official e-filing portal.

    21st October 2024

    • The Handbook on Judicial Matters is available at the official e-filing website. Download PDF
    • The e-filing ITR portal 3.0 will be launched soon with significant changes for taxpayers.
    • The Income tax notification No. 117/2024/F. No. 300196/27/2022-ITA-I(Pt.1). Read more
    • The Notification No. 116/2024/F. No. 500/1/2014-APA-II. Read more

    18th October 2024

    • The Income Tax Department has notified the guidelines for simplifying the compounding procedure and reducing compounding charges via press release.
    • DGIT(S)/e-Filing Notification/Form 1/DTVSVS/2024 provides a procedure for declaring and furnishing an undertaking in Form-1 under Rule 4 of the DTVSV Rules, 2024. read more

    17th October 2024

    • The Income-tax ninth amendment rules 2024 for section 295 and section 206C of the IT Act, 1961 (43 of 1961). Click for PDF
    • The income tax notification number 115/2024/F. No. 370142/21/2024-TPL related to the no collection of tax shall be made under sub-section (1F) of section 206C. read PDF
    • The due date for income tax audit report forms 10B and 10BB has been extended for institutions and trusts until 10th November 2024. Read Order

    16th October 2024

    • The Income Tax Circular No. 01/2024 relates to the FAQs on the provisions of the Direct Tax Vivad Se Vishwas (DTVSV) Scheme. Read Circular
    • The CBDT Notification No. 112/2024/F. No. 370142/19/2024-TPL relates to the Eighth Amendment Rules, 2024, which pertain to salaries and the details of TDS and TCS. View more
    • The Income Tax Seventh Amendment Rules, 2024, notified through Notification No. 111/2024/F.No. 370142/20/2024-TPL, related to the Income Tax Act, 1962, specifically Forms 10A and 10AB. Read More

    15th October 2024

    • Notification No. 110/2024 [F. No. 300196/64/2018-ITA-I (Pt.1)] / SO 4401(E). Read Notification
    • Notification No. 109/2024 [F. No. 300196/57/2018-ITA-I] / SO 4400(E). Read Notification
    • Notification No. 108/2024 [F. No. 300196/15/2021-ITA-I] / SO 4399(E). Read Notification
    • Notification No. 107/2024 [F. No. 300196/4/2024-ITA-I] / SO 4398(E). Read Notification

    09th October 2024

    • Income Tax Update: As per Explanation 2 to Section 139(1) of the I-T Act, taxpayers in the following categories submit their returns by 31st October 2024. Read More
    • The CBDT finds that over 34.84 lakh audit reports had been filed on the e-filing portal for AY 2024-25 by 7 October 2024. Read More

    08th October 2024

    • The CBDT has established an internal committee to examine the Income-tax Act thoroughly. Also, the department is seeking input from stakeholders, experts, and the public through the Income Tax e-filing portal. Read Press Release

    07th October 2024

    • IT Notification No. 106/2024 F. No. 225/181/2024/ITA-II related to the Principal Secretary to Government & Chairman, Odisha Computer Application Centre (OCAC), Department of Electronics & Information Technology (E&IT), Government of Odisha. Read more

    03rd October 2024

    • The Income tax circular no. 11/2024 related to the application or claim for refund and carry forward of loss and set off thereof U/S 119(2)(b). Read Circular

    01st October 2024

    30th September 2024

    • The due date for the filing of various audit reports for the AY 2024-25 is now extended to 7th October 2024. Read Circular
    • The Income Tax Department has scheduled a special drive in the first week of October to address taxpayers’ grievances in Jammu & Kashmir.
    • The Notification No. 105/2024, F. No. 370142/16/2024-TPL. Read Notification

    20th September 2024

    • Notification No. 104/2024, F. No. 370142/16/2024-TPL. Read PDF
    • The Direct Tax Vivad se Viswas Scheme 2024 (VSV 2.0) is set to start on 1st October. This scheme helps taxpayers to appeal during the resolving of direct tax issues. Read Notification

    19th September 2024

    • The Income Tax Department has raised the minimum thresholds for filing appeals in tax disputes via a circular no. 09/2024. Read PDF
    • Notification No.102/2024/F.No. 203/12/2024/ITA-II. Read PDF

    31st August 2024

    • The I-T Department seeks a company to provide managed services for its PAN 2.0 Project. Read More

    30th August 2024

    • IT Notification No. 101/2024/F. No. 203/19/2024/ITA-II regarding the Advanced Manufacturing Technology Development Center is now available. Read more
    • CBDT dept introduces the e-Dispute Resolution Scheme, 2022 (e-DRS) to help taxpayers address tax-related issues more efficiently and avoid legal proceedings. Read More

    22nd August 2024

    • On the 165th occasion of Income Tax Day, the Finance minister has released a ‘My Stamp’ at Delhi. Read PDF

    21st August 2024

    • The IT dept published a new clarification related to obtaining a tax clearance certificate (ITCC), in certain circumstances, by persons domiciled in India. Read Press Release

    14th August 2024

    12th August 2024

    • The updated form utility and schema for 3CEB are now available on the official e-filing portal. Download Now

    9th August 2024

    7th August 2024

    • CBDT’s Circular 08/2024 relaxes the TDS/TCS provisions for cases where the deductee/collectee dies before linking their PAN and Aadhaar. Read Circular

    2nd August 2024

    • The income tax department has released a new press release with a record 7.28 crore ITRs filed for AY 2024-25 till 31st July 2024. Read PDF

    1st August 2024

    • CBDT has issued a notification F. No. 1871712024-ITA-I outlining the situations of investigations or verification activities under sub-section (5) of section 144B of the Income-tax Act, 1961. Read More

    26th July 2024

    • Notification No. 96/2024 [F.No. 300196/34/2017-ITA-I] / SO 2935(E) Read PDF
    • Notification No. 95/2024 [F.No. 196/20/2021-ITA-I] / SO 2934(E) Read PDF
    • Notification No. 94/2024 [F.No. F.No.300196/68/2018-ITA-I] / SO 2933(E) Read PDF

    24th July 2024

    • Budget 2024: Direct and indirect tax changes in rate, standard deduction, benefits, etc. Read PDF

    19th July 2024

    18th July 2024

    15th July 2024

    • The IT notification No. 53/2024 F. No. 300196/15/2022-ITA-I for the Uttaranchal Board of Technical Education, Roorkee’ (PAN: AAALU0281D). Read more

    12th July 2024

    • Offline, MAC and Excel-based utilities are now available at the official filing portal for the ITR-7 form. Download Now

    11th July 2024

    • Income tax Notification No.52/2024 Check PDF

    09th July 2024

    • The IT guidelines via F.No.299/10/2022-Dir(Inv.III)/1522 for issuance of notice under section 148. Read more

    08th July 2024

    • The offline utility for ITR forms 1 to 4, ITR-2, ITR-3, ITR-5, and an Excel-based utility for ITR-7.

    02nd July 2024

    • The Income Tax portal shares a list of several banks for e-pay tax services on the official e-filing portal. Read more

    28th June 2024

    • The IT notification F. No. DGIT(S)-CIT(OSD)E-Filing/e_Filing Notification/Forms/2024. Read more

    21st June 2024

    • The ITR-7 form offline and online utility for AY 2024-25 is here and ready for e-filing, read more
    • A simple comparison of the tax amount under the NTR and OTR before you submit your tax return. read more

    19th June 2024

    • The direct gross collection for FY 2024-25 is Rs. 5.15 lakh crore, representing an increase of 22.19% compared to the preceding current fiscal. Read PDF

    13th June 2024

    On June 10th, the IT department released the ITR 3 validation rules (V 1.0) for Assessment Year (AY) 2024-25 on the official portal. Download PDF

    13th June 2024

    • The Income tax notification No. 51/2024 F. No. 300196/43/2018-ITA-I for the Kerala Co-operative Deposit Guarantee Fund Board. Read PDF

    10th June 2024

    • The individuals and HUFs can download the Excel-based utility and use it to update the JSON schema for their ITR-3 filing.
    • The ITR-5 utility for AY 2024-25 in Excel format is now available on the official portal.
    • The Income-tax 50/2024/F. No. 187/6/2024 (ITA-I). Read more
    • The notification No. 49/2024 F. No. 300196/16/2022-ITA-I for the Real Estate Appellate Tribunal, Punjab. Read more

    03rd June 2024

    • The 6th Amendment rule 2024 related to the form 27Q via Notification No. 48/2024/ F. No 370142/11/2024-TPL. Read more

    31st May 2024

    • The Common Offline MAC Utility for ITR 1 to ITR 4 for AY 2024-25 is now available on the official website.
    • The IT department released a MAC utility and JSON schema for the ITR-5 form.

    29th May 2024

    • Income Tax Notification No. 46/2024 F. No 370142/8/2024-TPL. Read More
    • The Income tax notification No. 45/2024/F. No 370142/8/2024-TPL. View more

    27th May 2024

    24th May 2024

    • The notification No. 43/2024, F. No.300196/32/2024-ITA-I for the Tamil Nadu Water Supply and Drainage Board, Chennai. Read more

    23rd May 2024

    • For better filing, the IT department introduced a new AIS functionality to submit feedback and transaction reviews. View more

    14th May 2024

    • The Income tax department has added a new functionality in AIS to furnish feedback on every transaction display in real-time. Read Press Release

    10th May 2024

    • The Income tax notification no.42/2024 for the Tamil Nadu Electricity Regulatory Commission. Read
    • The updated utility V1.1.1 for ITR-1 to ITR-4 is now available on the official portal.
    • ITR-3 form Excel-based utility is showing on the portal for the HUL and individuals.

    09th May 2024

    • The Income tax department has rolled out a new feature E-proceedings tab to relieve taxpayers of multiple pending proceedings. View more

    07th May 2024

    • The CBDT department has published the guidelines for the compulsory selection of returns for the Financial Year 2024-25. Read PDF

    26th April 2024

    • IT: The Income Tax Department published Circular No. 7/2024, related to extending the due date for filing Form 10A/Form 10AB to June 30, 2024. Read Circular
    • The new Notification No. 41/2024, F.No.300196/44/2019-ITA-I has been published related to the Kerala Autorickshaw Workers Welfare Fund Scheme, Kollam. Read Notification

    24th April 2024

    Income tax Notification No. 39 /2024/ F. No. 187/4/2024-ITA-I. Read more

    24th April 2024

    • CBDT has issued Circular No. 06/2024 to extend the deadline for linking PAN-aadhaar to provide relief for TDS/TCS deductors until 31st May 2024. Read Circular

    10th April 2024

    • The CBDT has shared the notification no. F. No. 203/10/2021/ITA-II for Amul Research and Development Association, Anand, Gujarat (PAN: AAATA2673H). Read more

    08th April 2024

    • CBDT clarifies that there are no worries about retrospective taxation on re-opening cases relating to HRA claims. Read more

    05th April 2024

    04th April 2024

    • The Income tax department has shared the corrigendum notification no. 2/2024 related to the time limit for verification of return of income after uploading. Read PDF
    • The CBDT announced a significant change in the tax filing process to benefit taxpayers. Starting from the first day of April, taxpayers can file their ITRs for AY 2024-25, which is relevant to the FY 2023-24. View more

    03rd April 2024

    • The Income-tax notification no 2/2024 is released for verification of the time limit of the income tax return after uploading on the portal. Read PDF

    02nd April 2024

    • The CBDT department has published the clarification for the old regime (without exemptions) and the new regime under section 115BAC(1A) via a press release. Read PR

    01st April 2024

    • The income tax department has enabled the ITR forms 1, 2 and 4 via Online mode for AY 2024-25 for the taxpayers.
    • The offline utilities for ITR-1, 2, 4, and 6 are now available for AY 2024-25 at the official e-filing portal. Now, the taxpayer can file these forms.
    • CBDT has released the Excel-based utility for ITR-1, ITR-2 and ITR-4 for AY 2024-25 at the official e-filing portal. These forms are available for filing.

    28th March 2024

    • The CBDT has introduced a new version of ITR Form V for unverified electronically filed tax returns for the AY 2024-25 via notification no.37/2024 F.No.370142/7/2024-TPL (5th Amendment rule). Read more

    27th March 2024

    • The Income-tax notification No. 36/2024 F. No. 300196/21/2017-ITA-I for River Ganga (Rejuvenation, Protection and Management). Read more

    26th March 2024

    • The notification no F. No. 225/196/2023/ITA-II for the Principal Secretary, Planning Department, Government of Uttar Pradesh. Read more

    20th March 2024

    • The Income tax department has shared the notification no. 34 /2024 F. No. 370142/3/2024-TPL for any other amount not allowable under clause (h) of section 43B. Read more
    • The Notification No. 33/2024 F.No. 503/2/1986-FTD-I for the avoidance of double taxation between India and Spain. Read more

    19th March 2024

    • The IT department has released the JSON schema for ITR-1 and ITR-4 forms for AY 2024-25.
    • The Income tax notification No. 32 /2024 (F.No.165/1/2021-ITA-I) for the Press Trust of India Limited, New Delhi. Read more
    • The Income tax department has shared the order to open all Income tax offices on March 29, 30 and 31 2024. Read order

    15th March 2024

    • Income tax notification no. 31/2024 [F. No. 203/22/2023/ITA-II] for the National Forensic Sciences University, Gandhinagar (PAN: AAALN3742Q). Read more
    • The notification no. 30/2024 F. No. 203/20/2023/ITA-II for the Sardar Vallabhbhai National Institute of Technology, Surat (PAN: AAAJS1184P). Read more
    • The Income tax department has published notification no. 29/2024 F. No. 203/17/2023/ITA-II for the Indian Institute of Technology, Kharagpur’ (PAN: AAAJI0323G). Read more
    • The Income-tax F. No. 225/5/2021-ITA-II order under section 119 of the Income-tax Act, 1961. Read more

    11th March 2024

    • During FY 2023-24 (A.Y. 2024-25), ITD plans to carry out an e-campaign to reach out to persons/entities whose tax payments may not be commensurate to the amount of their financial transactions. Read PR

    08th March 2024

    • A deadline has been ex-post facto extended for Form 26QE, which was due between 01.07.2022 to 28.02.2023 (pertaining to Fiscal Year 2022-23). Read PDF

    07th March 2024

    • The Income-tax department has shared circular No. 3/2024 under section 119. Read Circular

    06th March 2024

    • The Income tax department revises Tax audit report Forms 3CD, 3CEB and 65 via (4th Amendment rule) notification No. 27/2024 /F. No. 370142/3/2024-TPL. Read PDF
    • The IT department has extended the due date to file form 10B and 10BB audit tax reports till 31st March 2024. Read Circular

    05th March 2024

    • The Income tax form Sovereign Wealth Fund under section (23FE) is now available in the official portal. Read Circular
    • The Income-tax shared the notification no. 25/2024/F. No. 300196/17/2021-ITA-I for Uttar Pradesh Real Estate Regulatory Authority. Read more
    • The CBDT notification no.26/2024/F. No. 300196/12/2019-ITA-I for Karnataka Urban Water Supply and Drainage Board. Read more
    • Income Tax Department (ITD) is preparing to send e-Verification Scheme-2021 communications to taxpayers regarding ‘mismatches’ between information on income tax returns (ITR) and information on specified financial transactions, as available with the Department, for income tax returns for FY 2020-21 (AY 2021-22). Read more

    04th March 2024

    • The ITR-7 form for AY 2024-25 is now available at the official e-filing portal via (3rd Amendment rule) notification No. 24/2024/F. No. 370142/1/2024-TPL(Part-1). Read PDF
    • The notification No. 25/2024/F. No. 300196/17/2021-ITA-I for the Uttar Pradesh Real Estate Regulatory Authority. Read more

    29th February 2024

    • The income tax department has published notification F. No. 203/24/2023/ITA-II for the Panjab University, Chandigarh. Read PDF

    27th February 2024

    • The e-Verification Scheme-2021 is now available in the e-filing portal to identify mismatches between the third-party information. Read PDF

    23rd February 2024

    • The IT department has published 2nd Amendment rule 2024 related to form ITR-2, in Schedule 80DD via Notification No. 22/2024 F. No. 370142/47/2023-TPL. Read more

    19th February 2024

    • As a result of CBDT’s Order in F.No 375/02/2023-IT-Budget dated 13.2.2024, eligible outstanding direct tax demands have been remitted and extinguished. Go to Pending Action > Response to Outstanding Demand and check the status of ‘Extinguished Demands’ in your case by logging into your account. If you have any questions/concerns, please call 1800-309-0130 or send an email to taxdemand@cpc.incometax.gov.in. Read Order

    09th February 2024

    • Income tax Notification No. 21/2024 F. No. 503/06/2012-FTD.II. Read PDF

    08th February 2024

    • Income tax Notification No. 20/2024/F. No. 279/Misc./66/2014-ITJ (Pt.). Read More

    05th February 2024

    02nd February 2024

    • The income tax act provides higher TDS/TCS rates for deductees/collectees who have PAN status of ‘inoperative’ as per sections 206AA/206CC. CBDT circular no 3/2023 dated 28th March 2023 and notification no 15/2023 are to be referred to. If you click the link ‘Verify PAN Status’ under the quick links, you will be able to check the status of your PAN. Read Notification 15/2023 and Circular No.03

    31st January 2024

    • The income tax e-filing website and its associated services will be unavailable from 3 PM on 3rd February 2024, to 8 AM on 5th February 2024, due to a scheduled maintenance operation.
    • The Income tax notification no. F. No. 203/11/2023/ITA-II for M/s Prayoga, Bengaluru. Read Notification

    29th January 2024

    • The IT department has published 1st Amendment rule 2024 related to the ITR-6 form for AY 2024-25 via Notification No. 16/2024/F.No. 370142/49/2023-TPL. Read more

    24th January 2024

    • The Income tax department has published circular no.1/2024 explaining the provisions of the Finance Act. Read PDF
    • Direct tax collection statistics report up to FY 2022-23. View More

    23rd January 2024

    • Notification No. 13/2024/ F.No. C-14011/41/2018-V&L Read more
    • Notification No. 12/2024/ F.No. C-14011/46/2018-V&L Read more

    19th January 2024

    • Latest schema and utility related to form 10BB for AY 2023-24. Download Now
    • The filing of Form 15CD for FY 2023-24 is now available online. Please note that Form 15CD has been notified by CBDT in notification number 89/2023 of October 16, 2023. Read PDF

    10th January 2024

    • CBDT notification no.11/2024/F.No. 300196/42/2019-ITA-I for the Punjab State Faculty of Ayurvedic and Unani Systems of Medicine. Read more
    • The notification no.10/2024 /F.No. 300196/34/2019-ITA-I for Chennai Metropolitan Water Supply and Sewerage Board. Read more

    08th January 2024

    • The notification No. 9/2024 F. No. 300196/51/2019-ITA-I for the Polavaram Project Authority, Hyderabad. Read more
    • The IT notification no. 8 /2024 F. No. 300196/37/2021-ITA-I for Haryana State Board of Technical Education, Panchkula. Read more
    • The Notification No. 7/2024 F. No. 196/12/2023-ITA-I for the Karmayogi Bharat (PAN: AAJCK2949L). Read more
    • The Income tax notification no. 6/ 2024/F. No. 500/PF11/S10(23FE)/FT&TR-II(2) for the District Legal Service Authority Union Territory Chandigarh. Read more
    • The Income-tax Corrigendum no 5/ 2024/F. No. 500/PF11/S10(23FE)/FT&TR-II(2). Read More

    04th January 2024

    • CBDT published notification No. 3/2024/ F. No. 300196/29/2022-ITA-I for Madhya Pradesh Professional Examination Board, Bhopal. Read PDF
    • The IT notification No. 2/2024/ F. No. 300196/20/2019-ITA-I for the Karnataka State Rural Livelihood Promotion Society. Read PDF
    • The Income tax notification no.1/2024 F. No. 300196/26/2021-ITA-I for the Bellary Urban Development Authority. Read PDF
    • The Notice Inviting Tender (NIT) has been published for a re-tender for the selection of a Managed Service Provider (MSP) for the CPC (TDS) 2.0 project. Read PDF

    03rd January 2024

    • The Excel-based utility for ITR-1 to ITR-7 is now available on the Income tax portal for filing u/s 139(8A).

    Income Tax Updates in 2023, 2022, 2021 and 2020

    Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

    Published by CA Vineeta
    Hi,I am Vineeta Sharma. I am a chartered accountant. I have done my (B.Com) from Rajasthan University. I have keen interest in taxation field. View more posts
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    4 thoughts on "Latest Official Tax (Income Tax + TDS) Updates by CBDT India"

    3. sir/mam,
      i have one query for tcs return
      challana having 3 collective in that 2 are having pans another one no pan in that case we get
      an error it showing ,like not less than 85% for having pan is there any solution for this error. we
      are not able to generate fuv file.

      Reply

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