Wed, Sep 18, 2024
The income tax department has hiked the minimum threshold for filing appeals by the department in tribunal, high courts and the Supreme Court. As per a circular by the CBDT, tax authorities can file appeals before the ITAT, high courts and Supreme Court, if the disputed tax demand exceeds Rs 60 lakh, Rs 2 crore and Rs 5 crore, respectively.
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Sun, Sep 18, 2022
CBDT has issued revised Guidelines for Compounding of offences under the Income-tax Act, 1961 with reference to various offences covered under the prosecution provisions of the Act.
Mon, May 13, 2019
IT Dept. gets strict on it's work target for future. Watch this video to know more.
Tue, Feb 05, 2019
If you fail to reveal your income and pay taxes, you may have to face penalties and even imprisonment from 6 months to 7 years, along with penalty under various sections of the Income Tax Act.
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