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Income Tax Department

Income Tax Department Targets Rs 170 Crore Tax Evasion by Super-Class Contractors

By: AdminDate: January 20, 2025Categories: Income Tax News | NewsReading Time: 4 Minutes The Income Tax (I-T) department conducted simultaneous searches at 44 locations linked to eight super-class contractors on…

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New India Assurance Company Ltd, a state-owned general insurer, has received a favorable ruling from the Income Tax Department

The New India Assurance Company Ltd, a state-owned general insurer, has received a favorable ruling from the Income Tax Department, entitling it to a tax refund of ₹1,945.08 crore for…

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Bogus Income Tax Refund Claims: A Growing Concern

Fraudulent refund claims have become a significant issue, prompting the Income Tax Department to intensify its scrutiny. Practices such as false income declarations, fabricated deductions, and inflated exemptions are unethical…

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