Centre’s notification exempts investments up to ₹25 crore in eligible firms and funding by non-resident Indians The Centre on Tuesday notified new rules pertaining to angel tax which,
A special Central Bureau of Investigation (CBI) court on Wednesday sentenced a serving Income Tax (I-T) commissioner to seven years of rigorous imprisonment in a 14-year-old case pertaining
Suspicious income tax refund claims have gone up in last three years and scrutiny assessments have been initiated against taxpayers claiming high refunds inconsistent with the pattern of
Mridula stood shivering outside the magistrate court in Mumbai. It wasn’t the drop in temperature, but the thought that she could land in jail owing to a rigorous
Infosys roped in to roll out ₹4,241-crore project to make filing of returns a breeze With the Union Cabinet, at its meeting held on Wednesday, approving a ₹4,241-crore ‘Integrated E-filing
Prosecution notices issued for smallest of defaults, mechanically in 2018’ Concerned over the large number of prosecution cases being filed by income tax authorities, nearly six regional tax
The Income Tax (I-T) department will seek details of trading worth several thousand crores on commodity and equity exchanges, which were carried out a few years ago using
The government has linked the appraisals of commissioners of income tax (appeals) to the number of rulings they make in favour of the tax department. This has spooked
The Bombay High Court instructed the income tax department in a recent case to recover Rs 1.5 lakh from tax officers for adjusting refund of the amount due
