In the realm of property taxation, a crucial issue has surfaced regarding the Cost of Acquisition for assets bought before April 1, 2001.
In a progressive move to support its delivery partners, Zomato has enabled Income Tax Return (ITR) filing through its partner app.
Overview of the IssueAfter a recent update to the tax-filing utility on the income tax portal this month, many taxpayers are facing the unexpected issue of being denied a valid rebate of up to Rs 25,000 under the new tax regime.
The Central Board of Direct Taxes (CBDT) has awarded the Taxnet 2.0 project to M/s Bharti-Airtel Ltd for providing network connectivity, facility management services and video conferencing services to the Income Tax Department (ITD)
The ICAI has requested the allowance of a rebate under Section 87A of the Income-tax Act on short-term capital gains chargeable under Section 111A and long-term capital gains chargeable under Section 112.
In a letter dated July 5, 2024, Chartered Accountant Piyush S Chhajed, Chairman of the Direct Taxes Committee, highlighted issues concerning Form 26AS/TIS/AIS and the e-filing process
With the deadline approaching, the daily filing of income tax returns (ITR) has surged to an impressive 13 lakhs, the Income Tax Department reported.
In a significant shift in the Indian tax landscape, personal income tax has now become the largest revenue contributor for the Indian government, surpassing both corporate tax and the Goods and Services Tax (GST).
Enforcement Directorate (ED) Mumbai has provisionally attached the Malabar Hill flat belonging to Purushottam Chavan, husband of an IPS officer, in connection with the Rs 263 crore Income Tax Refund fraud case.
In a significant development, the Supreme Court of India has sought the response of the Income Tax Department to a petition filed by NewsClick against two income tax notices.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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