The taxation scene could change radically as India enters uncharted territory from April 1. On Day 1 of the new financial year, the taxman will begin looking into
Assessees will be given a chance to explain their case under ‘best judgment assessment’ The Central Board of Direct Taxes (CBDT) has set a deadline of March 31
The Income Tax (I-T) Department issues tax refunds to all the individuals and corporate entities who have paid higher income taxes as compared to their actual liability. The
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
