Last Instalment Deadline On March 15
Advance tax allows taxpayers to spread out their income tax payments throughout the year. Today, March 15, 2024, marks the final deadline for taxpayers in India to settle their fourth…
Man, Asked To Pay Rs 113 Crore In Tax, Says He Earns Rs 53,000 A Month
“These notices are no less than mental harassment for me,” Ravi Gupta said (Representational) New Delhi: A resident of Bhind in Madhya Pradesh with a monthly income of Rs 53,000…
Income Tax Return Forms To Be Available From April 1, Says Tax Body
These ITR forms will come into effect from April 1, 2023, CBDT said. (File) New Delhi: The Income Tax department on Wednesday said the ITR (Income Tax Return) forms for…
BBC Office In Delhi Searched By Tax Officials, Some Phones Seized: Sources
Tax officials said this was a survey, not a search New Delhi: Income Tax officials landed at the BBC offices in Delhi and Mumbai this morning for searches, weeks after…
No Coercive Action Against Flipkart Till February 24
The tax department had upheld the addition of capitalising discount as marketing intangibles. (File) Bengaluru: The Income Tax department has assured the High Court of Karnataka that no coercive action…
Taxpayers Get More Time To Claim Credit For Taxes Paid Outside India
Direct Taxes board amended tax Rules offering aid to taxpayers in claiming Foreign Tax Credit. New Delhi: The source of revenue tax division on Friday stated taxpayers can declare credit…
Corporate Tax Collection Grows 34 Per Cent Between April And July
The Income Tax Department stated that the certain pattern of expansion continues. New Delhi: The company tax assortment within the first 4 months of the present fiscal 12 months has…