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I-T Dept detects cases of tax not being fully paid
It receives information of specified financial transactions of taxpayers from various sources
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...
I-T searches pharma companies in Hyderabad
The Income Tax (I-T) Department was conducting searches on the premises of some pharma companies in Hyderabad on Monday.
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
I-T Department updates rules for startup equity valuation
The Income Tax Department has issued new regulations concerning the valuation of equity and compulsorily convertible preference shares issued by...
IT dept extends ITR filing deadline
New Delhi: The Income Tax Departmenthas extended the income tax return filing deadline for charitable trusts, religious institutions and professional...
Individuals reporting annual income of above Rs 1 cr doubles in 2...
As per the tax return data filed in assessment year (AY) 2022-23, relating to income earned in fiscal 2021-22), 1,69,890 individuals have shown total...
Over 6.39 crore ITRs filed for 2022-23 fiscal
The last date for ITR filing by salaried persons and entities which are not required to get their accounts audited ends Monday midnight