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Tag:Income Tax

Business

Number Of ITRs For Incomes Above Rs 50 Lakh Surge 5-Fold In 10 Years

New Delhi: The number of individuals declaring an annual income of over Rs 50 lakh in India has shot up to over 9.39...
Joseph Brown -
Business

FM Nirmala Sitharaman Apprised About Review Of Income Tax Act 1961 By Top Officials

New Delhi: Finance Minister Nirmala Sitharaman chaired a meeting on the comprehensive review of the Income Tax Act 1961 with Revenue Secretary Sanjay...
Joseph Brown -
Business

Crorepati Taxpayers In India Increased 5 Times To 2.2 Lakh In Last 10 I-T Assessment Years

New Delhi: The number of crorepati taxpayers in India increased five times to 2.2 lakh in the income tax assessment year (AY) 2024,...
Joseph Brown -
Business

‘High-risk’ income tax refund claims under scanner – Times of India

MUMBAI: Verification of 'high-risk' refund claims in Income-tax (I-T) returns for assessment year 2024-25 (financial year ending March 31, 2024) will...
Joseph Brown -
Business

Revised Income Tax Audit Report Deadline For AY 2024-25: Check Date and Penalties for Late Filing

Revised Income Tax Audit Report Deadline: The deadline to file a revised income tax audit report is crucial for taxpayers who need to...
Joseph Brown -
Business

Income Tax Act Review: Govt to Invite Suggestions from Industry Next Month, Says Report – News18

Published By: Mohammad HarisLast Updated: September 29, 2024, 14:10 ISTFinance Minister Nirmala Sitharaman in 2024-25 Budget presented in July had proposed that...
Joseph Brown -
Business

CBDT Notifies New Rule For Taxpayers Effective From 1 October 2024 — Heres All You Want To Know About Direct Tax Vivad Se Vishwas...

New Delhi: The Central Board of Direct Taxes (CBDT) has notifies Rules and Forms for Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024,...
Joseph Brown -
Business

Rs 352 Crore, Took 10 Days to Count: Team Honoured for India’s Biggest Income Tax Raid Till Date – News18

Last Updated: August 23, 2024, 12:40 ISTCounting of cash by officials on the 5th day of the Income Tax department raids against Odisha-based...
Joseph Brown -
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