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)…
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…
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…
SC waives interest on Income Tax dues payable by Telcos pursuant to holding license fee as capex
By: AdminMay 18, 2024Categories: Income Tax|Income Tax News4 Min Read The Supreme Court on May 17 waived the interest on income tax dues payable by telecommunication companies (Telcos) pursuant to…
Indian crypto investors take illegal routes to avoid tax burden
By: AdminMay 18, 2024Categories: Income Tax|Income Tax News4 Min Read Six months after the government took steps to strike down foreign cryptocurrency exchanges such as Binance and Kucoin for not…
Karnataka High Court directs BBMP to allow opening of Mantri mall from today after management promises to pay ₹20 crore tax arrears
By: AdminMay 18, 2024Categories: Income Tax|Income Tax News4 Min Read The High Court of Karnataka on Thursday directed the Bruhat Bengaluru Mahanagara Palike (BBMP) to open the lock of Mantri…
Income Tax Department officer duped of ₹48.9K in online reward points fraud
By: AdminMay 18, 2024Categories: Income Tax|Income Tax News4 Min Read A 48-year-old IRS officer with the Income Tax Department lost ₹48,902 to an online reward points fraud. Acting on a…
ITR filing: I-T dept introduces 3 utilities for filing ITR form 3 for AY 2024-25; Check details
By: AdminMay 11, 2024Categories: Income Tax|Income Tax News4 Min Read Income Tax filing 2024: The Income Tax Department has released offline, online, and Excel utilities for ITR-3 for taxpayers for…
Income Tax Refund Status Check: Here’s How To Know Your Status Online In 5 Steps
By: AdminMay 11, 2024Categories: Income Tax|Income Tax News4 Min Read ITR Refund Status Check Online: The deadline for submitting an Income Tax Return (ITR) penalty-free for the fiscal year 2023-24…