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 ...
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 ...
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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 ...
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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 ...
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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 ...
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 ...
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Florida healthcare owner pleads guilty to $10M tax fraud
The owner of several Florida healthcare companies pleaded guilty Wednesday to failing to pay employment taxes and neglecting ...
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 ...
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Gurugram: Income Tax Department Raids Truecaller Offices Over Alleged Transfer Pricing Violations
Mumbai: The Income Tax Department initiated an investigation into caller ID and spam blocking app Truecaller for alleged ...