Income Tax News

ICICI Prudential Life Insurance Receives Rs 361.23 Crore Income Tax Order for AY 2022-23

30 September 2024 at 09:14

ICICI Prudential Life Insurance Company Ltd announced on Friday, September 27, 2024, that it has received an income tax order totaling ₹361.23 crore for the assessment year 2022-23.

Posted in Income Tax | 699 Views

HDFC Life Faces Income Tax Demand of Rs 296.76 Crore from Authorities

30 September 2024 at 09:13

HDFC Life Insurance Company has reported receiving an income tax demand totaling ₹296.76 crore from the Assistant Commissioner of Income Tax, Central Circle 6(2), Mumbai, on September 25, 2024.

Posted in Income Tax | 1062 Views

Income Tax Department Announces Special Drive to Address Taxpayers' Grievances in October

30 September 2024 at 09:11

The Income Tax Department in Srinagar has announced a special drive to address taxpayer grievances in Jammu & Kashmir, scheduled for the first week of October 2024.

Posted in Income Tax | 1953 Views

Tax Audit Due Date Extended for FY 2023-24 to 7th October 2024

30 September 2024 at 06:41

CBDT has decided to extend the specified date for filing of various reports of audit for the Previous Year 2023-24, which was 30th September to 07th October 2024.

Posted in Income Tax | 8781 Views

Income Tax Act Review Committee Set to Submit Report by October

28 September 2024 at 09:23

The government's comprehensive review of India’s decades-old Income Tax Act is making significant progress, with the review committee expected to submit its report by October, according to two government officials.

Posted in Income Tax | 1473 Views

Labourer Earning Rs 10K Per Month Shocked by Rs 2 Crore Income Tax Notice, Advised to File Appeal

27 September 2024 at 14:24

In a shocking case of bureaucratic oversight, a labourer from Bihar’s Gaya district, Rajiv Kumar Verma, has been served an income tax notice for over Rs 2 crore.

Posted in Income Tax | 1752 Views

Rs 382 Crore Tax Notice Exposes Aadhaar and PAN Misuse Scam in Thane with Multiple Bank Accounts

26 September 2024 at 09:18

A shocking case has emerged from Thane's Diva, where a local real estate agent received an income tax notice accusing him of being involved in transactions amounting to ₹382 crore.

Posted in Income Tax | 2235 Views

SC Requests Income Tax Department's Response to Notices Sent to Panel Assisting in Property Sealing

26 September 2024 at 09:16

The Supreme Court has requested a response from the Income Tax Department regarding notices issued to a committee assisting the court in sealing residential premises used for commercial purposes.

Posted in Income Tax | 1626 Views

Supreme Court Disposes 573 Direct Tax Cases Following Revised Monetary Appeal Limits

25 September 2024 at 08:59

Hon'ble Supreme Court disposed off 573 direct tax cases in view of the revised monetary limit of filing of appeals

Posted in Income Tax | 1929 Views

NCLAT Dismisses Rs 6.10 Crore Tax Claim Against Reliance Communications Post Insolvency Process

24 September 2024 at 08:55

The NCLAT has dismissed a Rs 6.10 crore tax claim against Reliance Communications (RCom) made by the tax department, citing the claim was filed after the initiation of the insolvency resolution process.

Posted in Income Tax | 1 comments | 2142 Views