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No special drive to reopen tax cases on HRA claims: CDBT
The department has alerted taxpayers to enable them to take corrective action
Direct tax collection at 80% of revised FY24 target
Tax revenue rises 20% to Rs15.60 lakh cr till Feb 10
Further selling by FPIs, more corrections in broader market likely
The important takeaway from January 23 sharp market correction is not the 1.54 per cent cut in Nifty but the crash in Nifty mid-cap and Nifty...
CBDT clarifies applicability of TDS liability for e-retailers
New Delhi: The income tax department has clarified the applicability of TDS liability of e-retailers trading through the government’s open network...
Faceless Tax Audit creating chaos and legal log jam
Faceless complex tax assessment procedure in India has resulted in taxpayers facing difficulties due to ad-hoc additions and lack of human interface...
Cash seizures rise ahead of elections in 5 States: CBDT
In the run-up to the assembly elections in five States, the income tax department has seized more unexplained cash as compared to elections held in...
CBDT confident of exceeding Rs18.23-trn tax target
Net direct tax collection during Apr 1-Nov 9 swelled 22% to Rs10.60 lakh cr
Tax department notifies 'Angel Tax' rules for valuing investments in...
As per the Budget, the excess premium will be considered as 'income from sources' and taxed at the rate of up to over 30 per cent
