68,000 Cases Flagged For Mismatch In 2019-20 Income Tax Returns
Taxpayers have time till March 31 to file updated returns for income earned in 2019-20 fiscal. (File)New Delhi: As many as 68,000 cases have been picked up for e-verification by…
Income Tax Return Forms To Be Available From April 1: Tax Body
These ITR forms will come into effect from April 1, 2023, CBDT said. (File)New Delhi: The Income Tax department on Wednesday said the ITR (Income Tax Return) forms for 2022-23…
BBC’s Latest Mail To Staff As Income Tax Officials Scan Its India Offices
The survey is reportedly linked to suspected tax evasionNew Delhi: As the income tax survey at BBC’s offices in Delhi and Mumbai entered the second day, the broadcaster issued a…
Income Tax Case: No Coercive Action Against Flipkart Till February 24
The tax department had upheld the addition of capitalising discount as marketing intangibles. (File)Bengaluru: The Income Tax department has assured the High Court of Karnataka that no coercive action will…
Those With Incomplete I-T (Tax) Returns Will Get a Prompt From Tax Department
ITR (Tax( filing still in the draft stage then tax department to send alertFiling income tax returns can be a long and tedious process. Multiple documents and verification stages make…
Government Extends Deadline For Filing Tax Audit Report Till October 7
New Delhi: The income tax department on Friday extended the due date for filing tax audit reports for fiscal 2021-22 by 7 days till October 30.”On consideration of difficulties faced…
Income Tax Department Relaxes Norms For Compounding Of Offence
Compounding allows the person to accept his offence and pay specified charges to avoid prosecution.New Delhi: The income tax department on Saturday said it has relaxed various norms relating to…
Delhi Man Jumps Off Income Tax Office Building
The investigation is on in the case, police said. (Represenational)New Delhi: A man allegedly jumped to death on Wednesday from a high-rise building in central Delhi’s Civic Centre complex, police…
Tax Department Seeks To Prosecute Anil Ambani For Alleged Tax Evasion
Anil Ambani’s office had not responded to a query sent on the matter. (File)New Delhi: The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the…
Filing Tax Returns Early? Here’s What You Need To Know About Form 26AS
Form 26AS is a consolidated tax statement which gives details of all taxes deductedAs responsible citizens, we pay our taxes every year and therefore it is essential for us to…