Tax Authorities
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ITR filing: Deadline of 'Vivad Se Vishwas' extended, revised and belated filing now till January 15
Personal Finance | Dec 31, 2024, 12:48 PM ISTThe Income Tax Department has extended the deadline for filing revised and belated ITR for AY 2024-25 to January 15, 2025. This move, announced by CBDT, aims to help taxpayers address AIS and ITR mismatches and ensure accurate filings. Here’s everything you need to know.
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Finance Ministry clarifies: No changes in new tax regime, issues 6-point note
Business | Apr 01, 2024, 11:07 AM ISTIn a statement, the ministry addressed confusion over the new tax regime, emphasising its lower rates but fewer exemptions and deductions. Finance Minister Nirmala Sitharaman's interim budget assured the preservation of existing tax rates.
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Income tax department cracks down on PAN fraud for false HRA claims
Income Tax | Apr 01, 2024, 09:23 AM ISTThe income tax department has uncovered a scam involving the fraudulent use of PANs to claim house rent allowance (HRA) without actual tenancy, with around 8,000–10,000 high-value cases identified.
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How to update bank account and other details post ITR filing: A step-by-step guide
Income Tax | Jul 20, 2023, 01:00 PM ISTITR filing: Fortunately the tax department gives a choice to alter/change the bank and individual subtleties after filing the tax returns, that implies these mistakes can be amended.
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Taxpayers can now access new I-T Annual Info Statement on e-filing portal | Know all about AIS
Business | Nov 14, 2021, 03:07 PM ISTAIS enables a taxpayer to see and verify taxpayer info available with taxmen, provide feedback in case of discrepancies, view/update the Taxpayer Information Summary (TIS) used for pre-filling of ITR.
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Delhi duo cheat tax authorities by claiming Rs 127 cr GST refund
India | Oct 09, 2019, 07:00 PM ISTHaryana tax authorities have arrested two Delhi-based persons for fradulently claiming crores in input tax credit on GST. The duo generating fake invoices in order to cheat GST authorities.
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SC agrees to examine power of tax authorities to arrest individuals for GST evasion
India | May 29, 2019, 07:52 PM ISTThe Supreme Court agreed Wednesday to examine the powers of tax authorities to arrest an individual for GST evasion saying that different high courts have taken divergent views on the issue and it was necessary to clarify the position in law.
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India to renegotiate tax treaty with Singapore: Finance Minister Arun Jaitley
May 16, 2016, 03:06 PM ISTNew Delhi: India will have to renegotiate the tax treaty with Singapore to extend the capital gains tax provisions of the recently-concluded tax pact with Mauritius, Finance Minister Arun Jaitley said on Monday. Without giving