Income tax dept processed 1.5 crore ITRS of total 3 crore filed
Over 3 crore ITRs for income earned in 2022-23 fiscal have been filed so far, out of which 91 per […]
Income Tax, News
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Income Tax, News
Inoperative PAN: Income Tax department issues clarification for NRIs, OCIs and foreign citizens
The Income Tax Department has issued a detailed statement clarifying the concerns raised by Non-Resident Indians (NRIs), Overseas Citizens of
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No Plan To Extend Deadline For Filing Income Tax Returns: Govt
The Ministry of Finance is not planning to extend the deadline for filing income tax returns. The last date for
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No income tax till Rs 7.27 lakh, FM Nirmala Sitharaman clarifies
Finance Minister Nirmala Sitharaman, on Friday, clarified that annual income up to Rs 7.27 lakh, will not be taxed. “Rs
Central Excise - 2023, News, Notification and Circular, Notification And Circular
Centre increases windfall tax on petroleum crude after gap of 2 months
The Union Finance Ministry on 14 July announced to reimpose windfall tax on petroleum crude after a gap of 2
Income Tax, News
Aadhaar-PAN Link News: ‘Income Tax Refund cannot be issued’, NRI gets Msg; I-T Dept replies
Permanent Account Numbers (PANs) of taxpayers who failed to link with Aadhaar by June 30 have become inoperative. While this
Income Tax, News
Tax compliance boost: Income Tax Department targets 50 cases per AO for survey and TDS verification
The Income Tax Department has set a target of 50 cases per Assessing officer to be picked up for survey/online
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Anticipatory Bail – Personal Liberty Important, But Courts Must Also Consider Gravity Of Offence & Impact On Society : Supreme Court
The Supreme Court observed that, while dealing with anticipatory bail applications, courts must also consider the gravity of the offence,
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Losing revenue, govt to crack down on identity theft and PAN, Aadhaar misuse
The Centre is planning a stricter legal framework including increased penalties and imprisonment as part of a crackdown on identity
Income Tax News, News
Income-tax department ‘following’ influencers, notices to 15
Several social media influencers are facing income tax heat following their posts on travel to exotic locations. The income-tax department