CBDT flags bogus claims on political and charitable donations
The Central Board of Direct Taxes has uncovered significant misuse of tax deductions for political and charitable donations. The Central …
Income Tax department
Income Tax dept identifies cases of non-disclosure of foreign assets in ITRs, to start sending SMS/emails
https://x.com/IncomeTaxIndia/status/1993946963663049160 The Income Tax department on Thursday said it has identified “high-risk” cases where individuals have not reported foreign assets …
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 …
