The income tax department has identified 89 “high-risk foreign remittance” cases with suspected tax evasion of over Rs 100 crore each. Filtered through data analytics, these cases pertain to high-value remittances in FY20 and FY21, people aware of the details said. The department has already initiated …
After ushering in new financial year from 1st April 2023, a good number of income tax rules are going to change. These income tax rules have been changed on the basis of Union Budget 2023 proposals that have been passed by the parliament in recently through …
There are many changes in the income tax rules effective from this financial year. Changes in income tax slabs to tax rebate limit raised, No LTCG tax benefit on some debt mutual funds are some of the major changes effective from 1 April 2023. 1) New …
The Income Tax Department has launched a Mobile app for Taxpayers to view Annual Information Statement (AIS). AIS App is a free mobile application, provided by the Income Tax Department, Government of India. The app is meant to provide a comprehensive view of the Annual Information Statement (AIS), …
There was a young professional named Anuj who had just received his salary slip for the month of February. He was happy to see that he had earned a good salary, but he knew that he had to file his income tax return soon and pay the …
The Income Tax Department carries out search and seizure operations with the primary objective of addressing tax evasion and avoidance, which can pose a threat to social security. The department aims to tackle the menace of black money and uphold the law laid down by the …
Income Tax Released Job Openings On 02/03/2023.The Income Tax Department is a government agency undertaking direct tax collection of the government of India. It functions under the Department of Revenue of the Ministry of Finance.Eligibility Criteria / Educational Qualification, Official Notification, Apply Online Form Link & …
Income Tax officials yesterday, i.e. 14th February 2023 searched the BBC’s Delhi and Mumbai offices and seized phones and laptops, weeks after the UK national broadcaster’s documentary on Prime Minister Narendra Modi and the deadly communal riots in Gujarat in 2002 sparked huge controversy. Tax authorities …
