By: AdminJune 01, 2024Categories: Income Tax|Income Tax News4 Min Read The Karnataka High Court has observed that income tax dues of the original borrowers of a property cannot bar the…
Income tax calendar for the Month of June 2024 — Full list of activities you should complete next month
By: AdminJune 01, 2024Categories: Important News|Income Tax News4 Min Read Income tax planning helps in reducing tax liabilities and enhancing savings. There are several tax-related tasks that individuals should undertake…
Income Tax Dept Releases Utility, updated JSON Schema and Utility for MAC for Filing ITR-5 for AY 2024-25
By: AdminMay 31, 2024Categories: Important News|Income Tax News4 Min Read The Income Tax Department released the Utility, updated JSON Schema and Utility for MAC for filing Income-tax Return (ITR 5)…
Income Tax Dept Releases Utility for MAC for Filing ITRs (ITR 1 to ITR 4) for AY 2024-25
By: AdminMay 31, 2024Categories: Income Tax|Income Tax News4 Min Read The Income Tax Department released the Utility for MAC for filing Income-tax Returns ITR 1, ITR 2, ITR 3 and…
Modi Govt reshaped Budget in last decade: Nirmala Sitharaman
By: AdminMay 28, 2024Categories: Income Tax News|News4 Min Read Finance Minister Nirmala Sitharaman on Monday said the Modi government has reshaped the Union budget in the last 10 years from…
Dividend Tax Shift Drives 60-65% Surge in Personal Income Tax Over Four Years
By: AdminMay 28, 2024Categories: Income Tax News|News4 Min Read According to a recent report, taxes paid on dividend income have been responsible for 60-65% of the surge in personal income…
High Court gives relief to Pepsico India over Rs 2,800 crore tax demand
By: AdminMay 22, 2024Categories: Income Tax|Income Tax News4 Min Read The Delhi High Court has dismissed an appeal by the tax authorities against Pepsico India in a case related to…
Businessman Loses ₹1 Crore to ‘I-T Return’ Fraudsters
By: AdminMay 22, 2024Categories: Income Tax|Income Tax News4 Min Read A businessman from South Kolkata, who has paid over Rs 1 crore in taxes since 2020, was shocked to receive…
Tea-seller Faces Rs 49 Crore Tax Penalty Due to Fraud by Longtime Customers
By: AdminMay 22, 2024Categories: Income Tax|Income Tax News4 Min Read A tea-seller from Patan, Khemraj Dave, received a notice from the Income Tax (I-T) department, demanding a penalty of Rs…
ED Mumbai arrests businessman in income tax refund fraud of ₹263 crore
By: AdminMay 21, 2024Categories: Income Tax|In The Enforcement Directorate (ED), Mumbai Zonal Office arrested Rajesh Brijlal Batreja on May 16, 2024, under the provisions of the Prevention of Money Laundering…