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…
Piles of cash worth Rs 60 crore, hidden under bed and mattress, recovered in Income Tax raids in Agra
By: AdminMay 21, 2024Categories: Income Tax|Income Tax News4 Min Read Nearly Rs 60 crore cash was recovered from a premises linked to a shoe trader in Uttar Pradesh’s Agra in…