Income Tax Return Filing: Don’t have Form 16? Use these alternatives to file ITR For salaried taxpayers, one crucial document is Form 16, which facilitates quicker and hassle-free filing of their income tax returns… 2 years ago
Tax benefits on under-construction property: Why the possession date matters more than you think! Tax benefits on under-construction property: Why the house possession date matters more than you think! 2 years ago
ITR Filing: Neglecting THIS step may cost you income tax refund Besides keeping ready all the necessary documents, including Form 16 and bank statements, to file their tax returns, taxpayers are… 2 years ago
Income Tax Return Filing: Why you should wait until June 15 to file ITR for FY 2023-24 To file your income tax return, you’ll need several important documents like Form 16, bank certificates, capital gains certificates and… 2 years ago
Taxpayers to face higher tax outflows if Direct Tax Code gets implemented post Lok Sabha polls 2024 A report in the Financial Express last month stated that discussions were underway in the finance ministry regarding the implementation… 2 years ago
Overseas digital firms in a tax fix FinMin identifies firms bypassing permanent establishment rule. 2 years agoMay 6, 2024
Income-Tax Return: Big relief for tax deductors! All taxpayers need to know about PAN-Aadhaar non-linkage The CBDT, which comes under the finance ministry, said that several grievances have been received from the taxpayers that they… 2 years ago
Are cases of mismatch in HRA claims and rent paid being reopened? Here’s what tax department has to say Terming the media reports “completely misplaced”, the Central Board of Direct Taxes (CBDT) has said that there is no special… 2 years ago
ITR e-verification time limit: Tax department notifies changes in ITR Verification form The CBDT notification has clarified that income tax returns (ITRs) need to be e-verified within 30 days of uploading, otherwise… 2 years ago
Infosys to receive Rs 6,329 crore tax refund from Income Tax Department Infosys, which competes with TCS and Wipro and others in the market for IT services contracts, is scheduled to declare… 2 years agoMarch 31, 2024
Syngene International receives tax demand for Rs 16 crore from Income Tax Department for AY2022-23 “The company has received an order passed under Section 143(3) read with Section 144B of the Income-tax Act, 1961 for… 2 years ago
CreditAccess Grameen receives tax demand of Rs 46.03 crore for AY 2022-23 from Income Tax Department CreditAccess Grameen said that the notice is based on incorrect facts and assumptions and that the management is confident of… 2 years ago
I-T dept following due course to recover dues from Cong, bank a/c not frozen, say sources The party took the matter to the Income Tax Appellate Tribunal (ITAT) in May 2023, which did not stay the… 2 years agoFebruary 16, 2024
File your ITR for AY 2022-23 by December 31, I-T Department’s final warning It’s important to note that there is no separate form for belated ITR; the taxpayer must use the forms notified… 3 years agoDecember 29, 2023
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… 3 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… 3 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… 3 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… 3 years ago
Income Tax Changes in Budget 2026 Highlights: ITR filing easier – more time, new forms; compliance rules tightened with 200% penalty for misreporting income
HRA, capital gains, foreign assets: How tax nudges helped govt mop up over Rs 30,000 crore without raids
Income tax searches can scan emails, social media and devices: ICAI warns of privacy risk, nudges govt for urgent fix
