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High-Value Cash Transactions That Could Trigger Income Tax Scrutiny
Large cash transactions, particularly those exceeding specified thresholds, can attract attention from the Income Tax ...
Arkansas Times3h
Corporate income tax cuts keep pinching state finances, monthly revenue report shows
The more state government funds itself off of sales taxes — rather than income taxes — the more regressive it becomes.
Income Tax Department reduces time allowed to apply for old income tax refunds; check the new time limit
The Central Board of Direct Taxes recently issued a circular for condonation of delay in filing ITR. ​The latest circular has ...
No TDS on cash withdrawal by foreign representations from Dec 1: Income Tax department
As per section 194N of the Act, TDS is required to be deducted when an individual withdraws a sum exceeding Rs 20 lakh in ...
devdiscourse5d
Tax Trifecta: IT Department Raids Kochi Production Houses
The Income Tax department conducted raids at the Kochi offices of Parava Films and Dream Big Distributors, production ...
Why Income Tax Department has introduced new PAN 2.0 project
The Union Cabinet approved the PAN 2.0 Project on Monday to make PAN the “single source of truth and data consistency”. With ...
ThePrint9d
Income tax department advises taxpayers to carefully review their foreign income, assets in ITR
The Central Board of Direct Taxes (CBDT) has advised all taxpayers to carefully review their foreign income and assets and ...
english.mathrubhumi5d
Income Tax Department raid on Soubin Shahir's Parava Films - makers of 'Manjummel Boys'
Income Tax Department raids Soubin Shahir's Parava Films over alleged tax evasion and financial irregularities following a ...
Deccan Chronicle1d
Telugu States Pay Rs 66,267 Crore Income-Tax in Eight Months
Hyderabad: The income-tax department has collected Rs 66,267 crore in taxes in Telangana and Andhra Pradesh as on December 2 ...