Income Tax
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Filed ITR but getting a mismatch notice? Here's what you can do to resolve it
Income Tax | Mar 28, 2024, 08:13 PM ISTIncome Tax Returns are filed annually depending on a person's annual income. However, sometimes a mismatch occurs between the information provided by a person in the I-T return. Let's take a look at how one can resolve this issue.
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'Not able to book advertisments, pay Rs 2 for anything': Five big charges by Congress against govt
India | Mar 21, 2024, 04:57 PM ISTSonia Gandhi, Rahul, and Mallikarjun Kharge in a joint presser raised the issue of Congress' funds being frozen by the income tax department saying that the move has affected their election campaign and termed it a criminal action by the Prime Minister.
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Last-minute tax-saving: Five mistakes to avoid that can cost you heavily
Business | Mar 19, 2024, 11:03 AM ISTAs the deadline of March 31 approaches, numerous taxpayers hastily plan their income tax savings, often resulting in costly errors. These may include mistakenly mixing insurance with investment or failing to review existing and ongoing investments.
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Advance tax: Hurry up and pay final installment as deadline ends today | Here's step-by-step guide
Business | Aug 14, 2026, 05:07 PM ISTAdvance tax is applicable to those people whose tax liability is more than Rs 10,000. This is done on due dates decided by the Income Tax Department.
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Delhi woman gets six months jail term for not filing ITR on income of Rs 2 crore | DETAILS
Delhi | Mar 12, 2024, 12:19 PM ISTThe counsel for the convict submitted that the sentence awarded to the convict should concern the social circumstances of the convict and the condition of the convict at the time of the commission of a crime and at the time of imposing of sentence.
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Congress party's plea to stay IT action against its bank accounts dismissed
India | Mar 08, 2024, 05:09 PM ISTSenior Advocate Vivek Tamkha, representing the Congress Party, urged the tribunal to suspend the order for ten days, allowing the Indian National Congress (INC) to appeal to the High Court. However, the bench declined the request, stating that there was no such provision or plea before them.
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Tobacco tycoon raided: Fleet of cars, including Rs 16 cr Rolls-Royce Phantom, and link with '4018'
India | Mar 01, 2024, 06:49 PM ISTTobacco tycoon raided: According to sources, the tobacco company was issuing fake checks to the company shown in the accounts. Income Tax officials have also raided the businessman's bungalow in Kanpur and Delhi.
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Income Tax 2024: How to file for tax deductions on donations to political parties? Know all details
Business | Feb 16, 2024, 10:33 AM ISTDonations to political parties are tax-exempt, provided they are directed towards political parties recognised by the Election Commission.
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56 lakh updated ITRs filed, Rs 4,600 crore taxes collected in two years: CBDT
Business | Feb 02, 2024, 11:16 AM ISTThe Budget announced the withdrawal of outstanding small tax demands dating back to 1962, up to Rs 25,000 till 2014-15.
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Direct tax to GDP ratio climbs to 6.11% in F.Y. 2022-23: CBDT releases comprehensive data
Business | Jan 23, 2024, 07:52 PM ISTDirect Tax to GDP ratio seen an upward trajectory, ascending from 5.62% in F.Y. 2013-14 to 6.11% in F.Y. 2022-23, showcasing enhanced fiscal contribution.
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Are donations for Ram Mandir eligible for income tax deduction? Here's all you need to know
Business | Jan 21, 2024, 01:26 PM ISTThe government officially designated Shri Ram Trust as a site of historic significance and a place of renowned public worship for the purpose of Section 80G(2)(b), effective from FY21.
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Rules changing from January 1 in 2024: Everything you need to know about them in detail
Business | Dec 27, 2023, 10:18 PM ISTSeveral rules related to day-to-day life including bank work, Income Tax Returns, among others will change from January 1, 2024. Let's take a look at what will change from new year.
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Income Tax Recruitment 2023 against sports quota: Apply online for 291 Inspector, MTS, and others
Jobs | Dec 26, 2023, 05:17 PM ISTIncome Tax Recruitment 2023 notification against sports quota has been released. Candidates who are interested in applying for the income tax department recruitment can submit applications online at incometaxmumbai.gov.in. No applications will be considered after due date.
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Income Tax Department notifies ITR forms 1, 4 for assessment year 2024-25
Business | Dec 23, 2023, 04:02 PM ISTBusiness news: Sugam can be filed by individuals, HUFs and firms other than Limited Liability Partnerships being a resident having total income of up to Rs 50 lakh and income from business and profession.
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Congress distances itself from MP Dhiraj Sahu after over Rs 200 crore found in IT raids
India | Dec 10, 2023, 06:07 AM ISTThe Income Tax department has so far recovered over Rs 200 crore cash during a series of raids on an Odisha-based distillery group on charges of tax evasion.
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Over Rs 200 crore in 156 bags found in IT raids against Odisha-based liquor firm, PM targets Oppn
India | Dec 08, 2023, 08:11 PM ISTThe Odisha-based liquor firm, on premises of whom the Income Tax department conducted raids and has so far found cash over Rs 200 crore, has alleged links with Jharkhand Rajya Sabha MP Dhiraj Prasad Sahu.
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I-T raids Boudh Distilleries Pvt Ltd in Odisha, Jharkhand, recovers Rs 50 crore cash
India | Dec 07, 2023, 12:53 PM ISTAccording to the officials, searches were conducted at Bolangir & Sambalpur in Odisha and Ranchi, Lohardaga in Jharkhand.
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Bombay High Court orders Rs. 1,128 crore tax refund to Vodafone Idea Limited
Business | Nov 09, 2023, 11:53 PM ISTVodafone Idea had filed a petition, asserting the excess tax paid, leading the court to express concern about the assessing officer's apathy.
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Chhattisgarh Elections: Kharge accuses BJP of misusing agencies, warns of 'constitutional threat'
chhattisgarh | Nov 16, 2023, 03:45 PM ISTKharge also predicted that Bhupesh Baghel would reclaim the position of Chief Minister in Chhattisgarh. He accused the BJP of dividing people along religious lines for votes and criticised Modi for allegedly stating that celebrating festivals in Chhattisgarh is difficult.
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CM Stalin accuses BJP-led centre of 'daydreaming' about intimidating DMK with income tax searches
Chennai | Nov 05, 2023, 11:09 PM ISTIn an address read out by his son and Tamil Nadu Youth Welfare Minister Udhayanidhi Stalin, the Chief Minister stated that these actions were a response to the DMK's efforts to expose the BJP's "anti-people" stance.