Income Tax

Rs 10L penalty for failure to disclose foreign assets, income, warns I-T dept

The department issued a public advisory as part a compliance-cum-awareness campaign launched recently by it on Saturday to ensure that such information is reported by the assessee in their Income Tax Return (ITR) for assessment year (AY) 2024-25.

17 November 2024, 06:31 IST

Rs 10L penalty for failure to disclose foreign assets, income, warns I-T dept

17 November 2024, 06:31 IST

Modi regime sees five-fold jump in ITR filers with income above Rs 50 lakh

A source said that 76 per cent of income tax collected is from those earning above Rs 50 lakh a year.

13 November 2024, 14:34 IST

Modi regime sees five-fold jump in ITR filers with income above Rs 50 lakh

13 November 2024, 14:34 IST

I-T raids at premises of Jharkhand CM Hemant Soren's close aide, others

A total of nine premises in the state's capital Ranchi and Jamshedpur are being raided in an operation that started early morning. A security team of the CRPF is assisting the I-T sleuths, the sources said.

09 November 2024, 03:40 IST

Jharkhand Assembly Elections 2024 | Income Tax raids in Jharkhand, premises of CM Hemant Soren's aide being searched

I-T raids at premises of Jharkhand CM Hemant Soren's close aide, others

09 November 2024, 03:40 IST

CBI files charge sheet against principal commissioner of Income Tax in bribery case

The agency has booked Santosh Kumar and four middlemen and conduits on allegations that they were receiving bribes from different income tax assessees under his jurisdiction, they said.

29 October 2024, 12:45 IST

CBI files charge sheet against principal commissioner of Income Tax in bribery case

29 October 2024, 12:45 IST

Government extends ITR filing deadline for corporates by 15 days till November 15

In a circular, the Central Board of Direct Taxes (CBDT) said the deadline will be extended from the earlier target date of October 31. The new deadline for Assessment Year 2024-25 (for furnishing tax returns for fiscal 2023-24) is November 15.

26 October 2024, 08:22 IST

Government extends ITR filing deadline for corporates by 15 days till November 15

26 October 2024, 08:22 IST

Five-fold increase in Indian 'crorepatis' in last 10 years, ITR filings show

This might be a clear indicator of better earnings and improved tax compliance in India in this time period.

21 October 2024, 12:51 IST

Five-fold increase in Indian 'crorepatis' in last 10 years, ITR filings show

21 October 2024, 12:51 IST

CBDT reshuffles responsibilities among members

According to the order, Harinder Bir Singh Gill, a 1987-batch IRS officer, will be the member (taxpayer services and revenue), apart from holding the additional charge of member (systems and faceless services).

26 September 2024, 11:23 IST

CBDT reshuffles responsibilities among members

26 September 2024, 11:23 IST

Govt notifies Oct 1 as start date for Vivad Se Vishwas 2.0

Vivad Se Vishwas scheme 2.0 was originally announced in Budget 2024-25 presented in July for resolution of certain income tax disputes pending appeal.

20 September 2024, 10:21 IST

Govt notifies Oct 1 as start date for Vivad Se Vishwas 2.0

20 September 2024, 10:21 IST

IT department hikes threshold for filing appeals in courts, tribunal by tax officers

It also said that an appeal should not be filed merely because the tax effect in a case exceeds prescribed the monetary limits and instead should be decided on merit of the case.

18 September 2024, 08:44 IST

IT department hikes threshold for filing appeals in courts, tribunal by tax officers

18 September 2024, 08:44 IST

Hindustan Unilever gets Rs 963 crore Income Tax demand notice

According to HUL, the said demand order is "appealable" and it will be taking "necessary actions" in accordance with the law prevailing in India.

28 August 2024, 09:21 IST

Hindustan Unilever gets Rs 963 crore Income Tax demand notice

28 August 2024, 09:21 IST