Income tax department warns: ‘Declare foreign assets or pay ₹10 lakh penalty’
The I-T dept launched a compliance campaign urging taxpayers to report foreign assets in their AY25 returns, noting that ...
Direct tax collections poised to surpass budget target for 2024-25
India's net direct tax collections, comprising corporate tax and personal income tax, shot up by a robust 15.4 per cent to Rs 12.1 lakh crore, from April 1 to November 10 during the current financial ...
Income Tax department launches campaign to help taxpayers report overseas income for AY 2024-25
The Indian tax authorities have launched a campaign to remind taxpayers to disclose overseas income and assets in their tax ...
New condonation of delay rules for companies claiming benefit of lower income tax
New condonation of delay rule for companies, trusts and others for claiming benefit of lower tax, tax audit and others, Know the latest changes ...
MediaNama12d
Income Tax Department knocks on Truecaller’s door, reports site concern with transfer pricing policies
The probe reportedly centers on Truecaller’s transfer pricing practices—a framework for pricing transactions within ...
Tax Guru2d
High-Pitched Assessments in Income-Tax Cause Injustice
The article raises several questions about the fairness and efficiency of the Income-Tax Act, administration, and assessing ...
Now a lounge for income taxpayers: These are the tax services you can avail at IITF, 2024 in Pragati Maidan, Delhi
Now you can visit the income tax lounge at India International Trade Fair (IITF) near Supreme Court metro station in Delhi.
Fact Check: Fox News did not report California governor planned to withhold federal tax
Fox News did not report that California Governor Gavin Newsom announced plans to withhold hundreds of billions of dollars in ...
cnbctv186d
Legal Digest | Why Income Tax department cannot look into the same matter by invoking another section
The High Court rightly rapped the Income Tax department on its knuckles for not accepting the CIT revisionary order with ...
Mississippi governor intent on income tax cut even if states receive less federal money
Mississippi Republican Gov. Tate Reeves says he will push lawmakers to phase out the state income tax, even if federal ...