Tag: Income Tax Department
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Bombay HC quashes non-bailable warrant against Arjun Rampal in 2019 tax evasion case: Report |
Arjun Rampal secured relief from the Bombay High Court, which overturned a non-bailable warrant issued in a 2019 tax evasion case. The court...
Claiming HRA exemption but tax not deducted? Income Tax Department sending notices – penalties explained
Tax officials are requesting verification of claims submitted in previous Income Tax Returns (ITR). (AI image) Income tax payers claiming House Rent Allowance...
I-T dept slaps Rs 944 crore penalty on IndiGo parent
IndiGo's parent company, InterGlobe Aviation, faces a Rs 944.2 crore penalty imposed by the Income Tax department for the Assessment Year 2021-22. The...
Taxpayers take note! Crack down against 40,000 TDS/TCS defaulters planned by Income Tax department
Officials will target recurring defaulters, examine instances showing significant variations between tax deduction and advance tax payment. (AI image) Taxpayers take note! The...
Avoid Rs 10 lakh income tax penalty! Why it’s important to report foreign income, assets in ITR by December 31, 2024 – check details
Many taxpayers remain uncertain about the mandatory reporting requirements for foreign assets and income. (AI image) Income Tax Returns: The enactment of the...
