By: AdminMay 08, 2024Categories: Income Tax|Income Tax News4 Min Read The Mumbai bench of the Income-tax Appellate Tribunal (ITAT) recently ruled that the difference between the proceeds received from redeeming…
Over 800,000 income tax returns filed so far for AY 24-25
By: AdminMay 08, 2024Categories: Income Tax|Income Tax News4 Min Read Over 800,000 income tax returns have already been filed for Assessment Year 2024-25 since the Central Board of Direct Taxes…
Income Tax Department Demands Rs 143 Crore Tax Payment from Candidates Associated with Shiv Sena’s Shinde Faction
By: AdminMay 08, 2024Categories: Income Tax|Income Tax News4 Min Read The Income Tax department has issued a demand of Rs 143 crore to Yamini Jadhav, a legislator from the Shiv…
Multi-billion-dollar Godrej family settlement won’t attract tax: Sources
By: AdminMay 06, 2024Categories: Income Tax|Income Tax News4 Min Read The multi-billion-dollar settlement entered by the third-generation members of the Godrej Family will not attract any capital gains tax, even…
Tax season update: Over 7 lakh returns filed so far for assessment year 24-25
By: AdminMay 06, 2024Categories: Income Tax|Income Tax News4 Min Read As the tax filing season for the assessment year 24-25 gains momentum, official data reveals that a notable number of…
FM Nirmala Sitharaman Dismisses Reports Of Income Tax Tweaks That Triggered 1,100 Sensex Plunge
By: AdminMay 04, 2024Categories: Income Tax|Income Tax News4 Min Read Finance Minister Nirmala Sitharaman addressed concerns on Friday regarding speculative reports of impending income tax changes that led to a…
CBI arrests senior income tax official for taking Rs 4 lakh bribe in Mumbai
By: AdminMay 04, 2024Categories: Income Tax|Income Tax News4 Min Read The Central Bureau of Investigation (CBI) has arrested a senior official of the Income Tax (IT) department from Mumbai for…
Aurobindo Pharma gets tax demand of ₹13 crore, including interest and penalties
By: AdminMay 04, 2024Categories: Income Tax|Income Tax News4 Min Read Aurobindo Pharma Ltd. said on Friday it has received a tax demand of over ₹13 crore, including interest and penalty,…
Edelweiss Financial Services subsidiary gets Rs 28.78 crore income tax demand
By: AdminMay 03, 2024Categories: Income Tax|Income Tax News4 Min Read Edelweiss Financial Services on Wednesday said its subsidiary Ecap Equities has received an income tax demand notice of Rs 28.78…
Govt may focus on stricter compliance to boost corporate income-tax
By: AdminMay 03, 2024Categories: Income Tax News|News4 Min Read The government may focus on stricter compliance to boost corporate income-tax (CIT) collections in the current financial year after tax revenues…