The income tax department has unearthed a Rs 40 crore tax refund scam. Eight tax consultants, many employees of railways and police department and several technology companies in Hyderabad …
Several social media influencers are facing income tax heat following their posts on travel to exotic locations. The income-tax department has sent notices to 15 such influencers, who had …
Banks will be required to notify the income tax department about large cash deposits of ₹2,000 currency notes above a threshold as part of the statement of financial transactions (SFT) …
The Reserve Bank of India (RBI) has withdrawn Rs 2000 notes from circulation. Individuals holding Rs 2000 notes can now either exchange them for other denomination notes from a …
A man from MP’s Bhind, who has a salary of Rs 58,000 a month, has received yet another notice from the income-tax department to deposit a whopping Rs 113 …
The government has announced a slew of changes in the income tax rules that will come into effect from the new financial year 2023-24. Union Finance Minister Nirmala Sitharaman …
A special court on Wednesday sentenced a 53-year-old income tax officer to four years imprisonment for accepting a bribe of Rs 75,000. Preetha Babukuttan was found guilty on charges, …
There are many changes in the income tax rules effective from this financial year. Changes in income tax slabs to tax rebate limit raised, No LTCG tax benefit on …
The last day to link Aadhaar with Permanent Account Number (PAN) for income tax purposes is fast approaching. All the taxpayers have to mandatorily link the two by March …
India’s net direct tax collections growth, which stood at about 17% for this year by early March, is expected to moderate to 15% for the full financial year 2022-23, a …
