The Ministry of Finance on Sunday said that the income tax department has received information on specific financial transactions undertaken by people...
Income Tax: The Income Tax Department in a circular has said that the taxpayers who are still waiting for their tax refunds of...
Income tax department says cases where the ITRs have not been filed and, the department is in possession of information of “specified...
Income tax is a charge levied by the central government on the earnings of an individual or business in a financial year....
The Central Board of Direct Taxes (CBDT) said in some ITRs filed for A.Y. 2021-22 (F.Y. 2020-21), a ‘mismatch’ has been identified,...
Every year, we as taxpayers need to timely file our income tax return (ITR), right? That is the time many of rush to...
At present, the information mismatches relating to financial years 2021-22 and 2022-23 have been displayed on the Compliance portal. The Income Tax...
This Government has prioritised a simpler tax regime wherein reduced tax rates could be availed at the cost of certain exemptions and...
The final submission of proofs of yearly investments and expenses for this fiscal year ends March 31. With the submission, taxpayers need...
The Income Tax Department has issued notices to several taxpayers who contributed donations to political parties registered but not recognized by the...