Tag: Income Tax Department
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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...
PAN 2.0: Beware of new scam! Fraudsters launch schemes to fool PAN Card holders – here’s what you should know
Obtaining a new PAN card under PAN 2.0 isn't compulsory. (AI image) PAN 2.0: The Modi government recently gave its not for the...
ITR filing: Important to track your income tax return status – how long does I-T department take to process returns?
Income Tax Return Filing FY 2023-24: The deadline for filing Income Tax Returns (ITR), July 31, 2024, for the financial year 2023-24 (assessment year...
