The Income tax department has uncovered a sophisticated scam involving the fraudulent exploitation of Permanent Account Numbers (PAN) to claim House Rent Allowance (HRA) without actual tenancy. Approximately 8,000-10,000 high-value cases, each exceeding Rs 10 lakh, have surfaced, shedding light on the extent of the deception. …
Infosys, the renowned IT services company, disclosed receiving a substantial tax demand from the Income Tax Department, amounting to Rs 341 crore for the assessment year 2020-21. This revelation surfaced in a BSE filing made by the Bengaluru-headquartered firm on Monday. The company expressed its contemplation …
Major Income Tax Raids Conducted on Dairy and Hotel Groups in Ahmedabad Ahmedabad was at the center of a major crackdown by the Income Tax department, as raids were conducted on the residences and offices of prominent dairy and hotel groups. Around 75 I-T officers, part …
The PM Surya Ghar Muft Bijli Yojana is a recently launched Indian government initiative that aims to provide free electricity to households by promoting the installation of rooftop solar panels. Quick Summary of the PM Surya Ghar Muft Bijli Yojana Launched on: February 15, 2024, by …
With the financial year ending on March 31st, 2024, many individuals in India are looking for tax saving investments options to reduce their tax liability. Here are some popular Tax Saving Investments Options to consider: 7 Best Tax Saving Investments Options to Consider Equity Linked Savings …
In a new twist, insurers and their agents are now grappling with notices under the Benami Transactions (Prohibition) Amendment Act, 2016, following last year’s run-ins with income and service tax authorities. Some marketing intermediaries and agents of insurance companies have reportedly received notices, raising concerns about …
NHAI InvIT bonds to open every 15 days; will give 8.5% returns: Nitin Gadkari Budget Roundtable 2023: The union minister added that salaried-class individuals, middle-class persons, and pensioners can invest in NHAI InvIT as it offers much higher interest rates compared to fixed deposits. The Ministry …
Diversifying one’s portfolio beyond stocks is essential in the present market. Time and again experts have stressed on the mantra of diversification. “If you’re looking for ways to create wealth and enhance portfolio performance, you have to go beyond stocks & mutual funds and create a …
