Income Tax News
Income Tax Department Announces Special Drive to Address Taxpayers' Grievances in October
30 September 2024 at 09:11The 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.
Tax Audit Due Date Extended for FY 2023-24 to 7th October 2024
30 September 2024 at 06:41CBDT 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.
Income Tax Act Review Committee Set to Submit Report by October
28 September 2024 at 09:23The 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.
Labourer Earning Rs 10K Per Month Shocked by Rs 2 Crore Income Tax Notice, Advised to File Appeal
27 September 2024 at 14:24In 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.
Rs 382 Crore Tax Notice Exposes Aadhaar and PAN Misuse Scam in Thane with Multiple Bank Accounts
26 September 2024 at 09:18A 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.
SC Requests Income Tax Department's Response to Notices Sent to Panel Assisting in Property Sealing
26 September 2024 at 09:16The 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.
Supreme Court Disposes 573 Direct Tax Cases Following Revised Monetary Appeal Limits
25 September 2024 at 08:59Hon'ble Supreme Court disposed off 573 direct tax cases in view of the revised monetary limit of filing of appeals
NCLAT Dismisses Rs 6.10 Crore Tax Claim Against Reliance Communications Post Insolvency Process
24 September 2024 at 08:55The 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.
Netflix India Under Investigation for Alleged Visa Violations, Tax Evasion and Racial Discrimination
24 September 2024 at 08:53Netflix India is facing an investigation by the Indian government over alleged visa violations, tax evasion, and racial discrimination. The probe adds to growing scrutiny of the streaming giant in its crucial market.
Vivad Se Vishwas 2.0: Lower Settlement for Declarations Filed by 31st December
23 September 2024 at 09:07The Income Tax Department has officially notified the Vivad Se Vishwas Scheme 2.0, aimed at providing a mechanism for settling pending income tax disputes with reduced settlement amounts for those who file declarations before December 31, 2024.
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