Delhi court sentences woman to 6 months jail for not filing Income tax return (ITR) on income of Rs 2 Crores
A Delhi Court recently convicted and sentenced a woman to six months in jail for not filing a return on […]
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Income Tax dept conducts searches at Balkrishna Industries premises, say sources
The Income Tax department conducted searches at the premises of tyre manufacturing company Balkrishna Industries, sources told CNBC-TV18 on March
Income Tax, News
Income Tax Department To Send Notice For ITR Mismatch, Details Here
The Income Tax Department has initiated a process of issuing formal notice to taxpayers regarding potential discrepancies identified between the
ICAI, News
ICAI to hold foundation and intermediate exams thrice a year
CA Institute, the world’s largest accounting body, has decided to hold its Foundation and Intermediate Course exams thrice in a
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Timely payment to MSMEs rule to be enforced from April 1: Finmin officials
The government will implement a rule in FY25 requiring payments to micro, small and medium enterprises (MSMEs) to be made within 45
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Two Ex-Income Tax Officers Sentenced to Three Years for Bribery in Corruption Case
A CBI court recently sentenced two ex-income tax officials, Mahesh Sompura and Mukesh Raval, to three years in prison each
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Much Awaited News: Finance Ministry likely to postpone implementation of 45-day payment rule for MSMEs to April 2025
The Finance Ministry is contemplating a deferment of the enforcement of Rule 43B (h) under the Income Tax Act, which
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No immunity from prosecution to MPs, MLAs for taking bribe to vote in legislature: SC
The Supreme Court on Monday held that MPs and MLAs do not enjoy immunity from prosecution for taking bribe to make a
Income Tax, News
I-T Dept’s faceless tax assessment facility enabling faster grievance redressal: FM Nirmala Sitharaman
The faceless tax assessment facility of the Income Tax Department is resulting in faster redressal of taxpayers’ grievances, which is
Income Tax, News
SML Isuzu faces an INR 11.56 Lakh Penalty Imposed by Income Tax Department
In accordance with the guidelines set by the Securities and Exchange Board of India (SEBI), there has been a recent