Page 10 of income tax department

Income tax officials can access your email, social media accounts from next year: Report

This new provision will come into effect under the proposed Income Tax Bill and will make the process of tax…

March 4, 2025 14:42 IST

Income Tax Department probe unlisted share

Income Tax Department investigating unlisted share transactions, tax evasion in OFS deals: Report

The investigations are related to cases where promoters, their anchor investors, and their anchor investors have acquired unlisted shares before…

Updated: March 3, 2025 11:03 IST

Income Tax cracking down on individuals with low fund withdrawals, suspicious spending patterns: Report

The I-T department has asked for a detailed breakup of the low fund withdrawals which include how much was spent…

Updated: March 5, 2025 21:03 IST

tax, Comptroller and Auditor General of India, CAG, IT, IT-D, Income tax, Finance Ministry

Disputed, unrealised tax a bane

CBDT & finance ministry should be held accountable for gross mismanagement of assessment system.

February 24, 2025 05:00 IST

Patanjali Foods, tax demand, tax notice, Supreme Court, income tax department

Relief for Patanjali Foods: Supreme Court quashes Rs 186 crore tax demand

Patanjali Foods announced that the Supreme Court has quashed the Rs 1.86 billion tax demand imposed on the company.

February 19, 2025 23:47 IST

Budget 2025: Rs 12 lakh annual income tax-free but you can’t include THESE incomes for benefit

Not all your incomes qualify for the rebate benefit under Section 87A. Income from capital gains, lotteries, and other categories…

Updated: February 8, 2025 22:17 IST

Belated ITR Filing 2024-25: Don’t miss this new deadline! Check penalty, steps to file belated tax return

Initially, the Central Board of Direct Taxes (CBDT) set the original deadline for filing of belated or revised tax returns…

January 9, 2025 14:18 IST

Taxpayers cheers! THESE 5 income tax rule changes make return filing easier now!

Taxpayers, rejoice! These 5 major changes in income tax rules for 2024 simplify the process of filing income tax returns,…

December 30, 2024 09:05 IST

What happens to assets seized by ED, DRI and Income Tax Department? Can govt dispose of them?

The government manages seized assets under laws like PMLA, Customs Act, and Income Tax Act, with provisions for disposal to…

December 29, 2024 08:00 IST

5 tax planning actions you must take before year-end!

Proper tax planning not only helps you manage your tax outgo but also enables you to meet both short-term and…

December 26, 2024 16:02 IST

New PAN Card: Will your existing PAN become invalid? Do you need to pay for a new one? Govt clarifies all FAQs

The PAN 2.0 project is an e-governance initiative aimed at re-engineering the business processes of taxpayer registration services. The Income…

Updated: December 23, 2024 13:51 IST

Miss this ITR filing deadline and face a Rs 10,000 penalty!

Income Tax Return: Miss THIS ITR filing deadline and you will be fined Rs 10000

File your ITR by Dec 31 to avoid a Rs 10,000 fine; missed July 31 deadline? Pay Rs 5,000 and…

December 6, 2024 17:37 IST

Direct Tax Code 2025: Big expectations! Streamlined income tax regimes, fewer slabs and simplified compliance

Direct Tax Code 2025: Individuals earning up to Rs 15 lakh will benefit more from new tax laws, feel experts

Direct Tax Code’s key provisions are expected to include streamlined tax regimes, fewer slabs, and reduced complexities, benefiting individuals with…

December 4, 2024 14:12 IST

Missed reporting foreign assets in ITR for AY 2024-25? File a revised return to avoid Rs 10 lakh penalty

Income Tax Return Filing AY 2024-25: If you missed reporting foreign assets in your ITR for AY 2024-25, file a…

November 18, 2024 11:39 IST

Key Income Tax Deadlines You Can’t Afford to Miss: Only a few days left! Avoid heavy penalties

If you fail to pay taxes on time, it might lead to penalties as well as many problems. Being aware…

November 11, 2024 11:39 IST

Relief to taxpayers! CBDT enables online resolution mechanism to resolve income tax disputes - Details inside

Relief to taxpayers! CBDT enables online mechanism to resolve income tax disputes – Details inside

The e-Dispute Resolution Scheme (e-DRS) enables the taxpayer to file an application electronically for dispute resolution to the Dispute Resolution…

September 5, 2024 14:02 IST

Income Tax Department among top Google Trends searches last week as many still await tax refunds

The Income Tax Department topped in searches on Google Trends last week, as the tax department has yet to issue…

September 3, 2024 07:21 IST

ITR 2024: Defective ITR notices surge this year! What should taxpayers do?

ITR 2024: Tax refund delayed? Defective income tax return could be the reason | Here’s what you should do

ITR 2024 last date came to an end on July 31 after the Income Tax Department decided not to extend…

August 23, 2024 12:31 IST

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Shopsy rides post-Covid consumer demand surge

Business27 min ago

Flipkart’s senior director, Kapil Thirani, reveals that India’s e-commerce sector is experiencing a surge in consumer demand and sentiment, thanks to government policies and increased disposable incomes in lower-income households. The hyper-value platform, Shopsy, is seeing remarkable growth, with a majority of shoppers from tier-2 cities and smaller towns.

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