By: AdminDate: August 13, 2024Categories: CBDT, NewsReading Time: 4 Min Introduction Paying income tax is a crucial responsibility for individuals each year. However, concerns have emerged about some income tax…
Supreme Court Declines Environmental Lawyer’s Appeal Against High Court Ruling on Income Tax Reassessment
By: AdminDate: August 13, 2024Categories: Income Tax News, NewsReading Time: 4 Min The Supreme Court declined to hear an appeal from a prominent environmental lawyer. He challenged the Delhi High…
7.28 Crore ITRs Filed for AY 2024-25 by July 31, 2024: Key Insights
By: Admin|August 02, 2024|Categories: Important News|Income Tax|Press Release The Income Tax Department has reported a historic achievement, with over 7.28 crore Income Tax Returns (ITRs) filed for the Assessment Year…
How Many Days to Receive Tax Refunds After ‘ITR Processed’ Message from the Income Tax Department?
By: AdminAugust 02, 2024Categories: Income Tax News|News The Income Tax Department has announced that it will not extend the deadline for taxpayers to file their income tax returns (ITRs), despite…
Hindustan Zinc Faces Rs 1,170-Crore Tax Demand; Company Plans to Appeal Notice
By: Admin|July 31, 2024|Categories: Income Tax News|News On July 30, Hindustan Zinc, a prominent subsidiary of Vedanta, received a significant tax demand notice amounting to Rs 1,170 crore, inclusive of…
Bombay HC Orders BMC to Refund ₹9.91 Cr Deducted as TDS to Builder
By: Admin|July 29, 2024|Categories: Income Tax News | News The Bombay High Court on Thursday directed the Brihanmumbai Municipal Corporation (BMC) to refund ₹9.92 crore to the Bombay Real Estate…
Tax Certificate Not Mandatory for All Travelling Abroad: Finance Ministry Clarification
By: Admin| July 29, 2024| Categories: Income Tax News | News 4 Min Read The Union Finance Ministry on Sunday clarified that a tax certificate is mandatory only for Indians…
Removal of Angel Tax for Startups to Help Attract Investors: Piyush Goyal
By: Admin |July 29, 2024 |Categories: Income Tax News Commerce and Industry Minister Piyush Goyal announced on Sunday that the removal of the angel tax, which was introduced in 2012…
GST Exemption Denied on University Affiliation Fees by Mumbai State Tax Authorities Amid Rising Concerns
By: Admin|July 29, 2024|Categories: GST Recent News In recent developments, the taxation of affiliation fees imposed on public universities in our state has sparked significant debate and concern. Despite requests…
Revenue Secretary Advocates for Inclusion of Petroleum Products Under GST
By: Admin|July 29, 2024|Categories: GST Recent News As taxpayers navigate the complexities of India’s tax system, a significant trend is emerging regarding the distribution of tax revenue collections between the…