Tag: Income Tax

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 …

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 & …

Introduction Every LLP incorporated in India is required to file an income tax return under Section 139(1) of the Income Tax Act of 1961. Partners of an LLP are in charge of filing the annual income tax. Being a partner of an LLP you probably have …