Wed, Nov 13, 2024
There has been a significant increase in income tax compliance in the country with more than five-fold growth in the Rs 50 lakh-plus income category, according to sources.
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Tue, Oct 29, 2024
The income tax department has notified the tolerance range for variation between arm's length price and transfer pricing for international and specified domestic transactions for Assessment Year 2024-25.
Wed, Oct 16, 2024
It would also include cases pending before the Dispute Resolution Panel (DRP) and revision petitions pending before the Commissioner of Income Tax.
Mon, Sep 23, 2019
A lot of taxpayers have been asking questions and raising concerns relating to processing of income tax returns, ITR refunds, etc on Twitter. Therefore the I-T department's social media team keeps on warning all such taxpayers or assesses who mention their PAN in the tweets.
Sat, Aug 31, 2019
ITR filing last date today: The taxpayers must file their income tax returns for the financial year 2018-19 by today (August 31, 2019) to avoid penalty.
Mon, Aug 26, 2019
The Income Tax Department has now come up with certain steps to shield taxpayers from fake tax notices.
Wed, Aug 14, 2019
The cases were dismissed on the basis of recent Circular issued by CBDT on August 8, the Circular had increased the threshold for filing cases in ITAT from Rs 20 Lakh to Rs 50 Lakh retrospectively.
Income-Tax dept said, "Income tax department is launching 'e-Verify Return' for e-Verification of ITR without login."
Tue, Jul 23, 2019
Income Tax Return (ITR) filing: The decision was announced by Finance Ministry via their Twitter account.
Mon, Jul 22, 2019
Income Tax returns (ITR) filing delay is something one should avoid. That is exactly what I-T department has been saying to all taxpayers across India. Notably, there are penalties involved.
Fri, Jul 12, 2019
Income Tax Department (ITD) recruitment 2019: Income Tax Department (ITD) has issued a recruitment notification inviting applications from the meritorious Sportspersons for the positions of Tax Assistant and MTS.
Wed, Jul 10, 2019
Last minute rush always works negative against taxpayers, as chances of errors while filing income tax returns are higher.
Mon, Jul 08, 2019
Income Tax Appellate Tribunal, Mumbai bench has granted tax relief to actor Shilpa Shetty, who was a brand ambassador for IPL team Rajasthan Royals.
Tue, Jul 02, 2019
With July 2019 kicking in, it will be a very busy month for Income-Tax return (ITR) filers and other taxpayers either, be it individuals or corporates.
Fri, Jun 28, 2019
With new Income Tax return changes in place, it is important you do not make mistake and have every document ready.
Thu, Jun 27, 2019
If you are in the habit of paying your income tax at the last minute, then you might not want to miss out on the latest alert in order to ensure seamless ITR filing.
Wed, Jun 26, 2019
Every year before July end, a taxpayer must communicate all her or his income earned from salary and other sources in a financial year to the I-T department.
Fri, Jun 21, 2019
Many people inadvertently, or when they show unseemly hurrywhile trying to get a PAN card or due to some other reason, get into trouble and they should know that penalties can be levied.
Tue, Jun 11, 2019
A person can track the PAN card status only after seven days of filling the application.
Wed, Jun 05, 2019
The Income Tax department does allow reliefs to salaried individuals who are paying tuition fees for their children.
This Form is meant for citizens, companies, entities staying and formed within India.
Tue, Jun 04, 2019
According to section 269ST of Income Tax Act, no person shall receive an amount of Rs 2 lakh or more from a person in a day.
Mon, Jun 03, 2019
The system and tax formulation is different when it comes to winning money from lotteries, races, bets etc.
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