Income Tax dept conducts searches at Lux Industries premises in Kolkata over Rs 200 crore tax evasion allegations The I-T department has reportedly alleged a tax evasion of Rs 200 crore by the company. The search is underway… 2 years ago
Tamil Nadu: Income Tax raids in Chennai target TNEB contractors and suppliers Income Tax Department searches are underway at the residences of contractors and suppliers associated with the Tamil Nadu Electricity Board… 2 years agoSeptember 20, 2023
Out of 74 million ITRs filed in FY23, 70% claimed nil tax liability Even as the number of ITRs have increased 14% in four years through FY23, the number of zero tax ITR… 2 years agoJuly 25, 2023
Shree Cement refutes media reports on Rs 23,000 crore tax evasion, says income tax dept survey still on “We believe that the captioned news-item appearing in the media is baseless and speculative in nature. Hence, we would like… 2 years ago
Aadhaar-PAN link failed due to Name, Gender, DOB mismatch? Income Tax Dept shares ways to correct How to resolve Aadhaar-PAN link failure due to Name, DOB, Gender mismatch? The Income Tax Department has shared ways to… 2 years agoJune 30, 2023
IT department conducts searches in West Bengal and Assam Further, handwritten notes, documents and digital evidences containing extracts of cash transactions were seized and parallel cash books and bogus… 2 years agoMay 17, 2023
I-T dept to come out with draft rules for foreign investment valuation in unlisted cos in 8-10 days The modification in valuation rules is needed as I-T Act and FEMA provide different methodologies for calculating the FMV of… 2 years agoMay 2, 2023
Tax-free income: How much you can earn without coming under taxmen’s radar Tax-free income: Under both Old and New Tax regimes, a certain amount of annual income above the respective basic exemption… 2 years agoApril 28, 2023
SC ruling on I-T searches big relief to taxpayers The ruling came in respect to a number of appeals filed by the revenue department, which were dismissed by the… 2 years agoApril 25, 2023
New Tax Regime rule change: Marginal income over Rs 7 lakh may become tax-free; 5 points New Tax Regime Rebate Limit Change 2023: If your taxable income is marginally over Rs 7 lakh, you may have… 3 years agoMarch 24, 2023
Rs 13,566-cr tax demand under black money law in 4 years Rs 8,830 cr worth assets seized in last 8 years, 3 years agoMarch 20, 2023
Survey at BBC revealed irregularities: I-T dept The tax survey has ignited a political row in India, as it followed the release of the documentary ‘India: The… 3 years agoFebruary 18, 2023
BBC survey: Tax authorities say income, profits of company not commensurate with operations in India The I-T department had launched the survey exercise on February 14 at BBC offices in Delhi and Mumbai and it… 3 years agoFebruary 17, 2023
IT teams at BBC’s Delhi, Mumbai offices for survey operation: Officials The surprise action comes weeks after the broadcaster aired a two-part documentary on the 2002 Gujarat riots and India. 3 years agoFebruary 14, 2023
PAN-Aadhaar Linking 2023 FAQs: Last date, fees and impact of not linking PAN and Aadhaar – Explained FAQs on PAN-Aadhaar linking: Anyone who failed to link PAN-Aadhaar by 31st March 2022 can still do so by paying… 3 years agoMarch 27, 2023
PAN Card not mandatory, non-residents can file Form10F manually to claim lower TDS – Check last date Non-residents are required to submit Form 10F to claim the benefit of lower Tax Deducted at Source (TDS). 3 years agoDecember 14, 2022
Income Tax department reduces time for taxmen to decide on refund adjustment The time limit of 30 days made available to the assessing officers stands reduced to 21 days, the Directorate of… 3 years agoDecember 4, 2022
Budget wishlist: Brokers’ body seeks abolition of STT, CTT It has asked for an industry status for Sebi-registered market intermediaries. 3 years agoNovember 28, 2022
