These cash transactions may attract up to 100% penalty by Income Tax Department
The Income Tax Department while acknowledging Indian society’s affinity with cash transactions warned that the Income Tax Act, 1961 discourages …
Income Tax department
Income Tax Refund: Know how to claim a tax refund after revised ITR deadline is over
Many taxpayers are waiting for their income tax refunds for the income tax return (ITR) filed for the financial year …
Tax Changes for Charitable Trusts from 1st October 2024
The Finance Minister, Nirmala Sitharaman, introduced significant changes for charitable trusts and institutions in the Finance (No. 2) Bill, 2024. …
How long does it take for income tax department to process ITRs?
It usually takes an average of 15-45 days from the e-verification date of income tax returns (ITRs) for the income …
ITR refund scam: Taxpayers warned by Income Tax department of this new scam
ITR refund scam: The Income Tax Department said that taxpayers must verify any communication from the IT department through official …
ITR deadline fast approaching, list of documents needed for filing income tax return
The income tax department has said that already over five crore taxpayers have already filed their returns so far With …
Link PAN with Aadhaar by this date to avoid higher TDS, warns IT department. Here’s how to do it
Link PAN-Aadhaar: The Income Tax Department issued a reminder to taxpayers to link Permanent Account Number (PAN) with Aadhaar by …
Tax dept extends deadline for charitable trusts’ registration till June 30
2 min read Last Updated : Apr 25 2024 | 6:32 PM IST The income tax department on Thursday extended …
I-T department issues clarification regarding India-Mauritius tax treaty
The Income Tax department on Friday issued clarifications regarding the recent amendments to the India Mauritius Double Taxation Avoidance Agreement (DTAA) that have sparked …
I-T dept allays apprehensions on reopening of large cases of HRA claims
The Central Board of Direct Taxes (CBDT) has allayed any apprehensions about retrospective taxation and the reopening of large cases …
