Search For "income tax"
Income Tax Department conducts survey at Truecaller offices in Mumbai, Gur
Updated : 1 year, 8 months ago IST
The Income Tax Department conducted a survey at the offices of "Truecaller" in Mumbai and Gurugram on Thursday, reportedly in connection with alleged transfer pricing violations, official sources told ANI.
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Nirmala Sitharaman apprised about review of Income Tax Act by top official
Updated : 1 year, 8 months ago IST
The goal is to make the Act concise, clear, and easy to understand, which will reduce disputes, and litigation, and provide greater tax certainty to taxpayers.
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CBI files charge sheet against five, including principal commissioner of I
Updated : 1 year, 8 months ago IST
The Central Bureau of Investigation (CBI) has filed a chargesheet against five accused, including the then Principal Commissioner of Income Tax (Patna and Dhanbad) department, in a case related to alleged bribery of Rs 10 lakh.
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CBDT announces extending ITR filing deadline for corporates till November
Updated : 1 year, 8 months ago IST
The Central Board of Direct Taxes (CBDT) has announced the extension of the due date for filing Income Tax Returns (ITR) for corporates in the assessment year 2024-25, The Ministry of Finance said in an official release on Saturday.
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Mumbai Police recovers Rs 30 lakh cash, two people taken into custody ahea
Updated : 1 year, 8 months ago IST
As the preparations for the upcoming elections to 288 Assembly seats in Maharashtra have intensified and the model code of conduct is in force, Mumbai Police have recovered Rs 30 lakh cash from a car and two people were taken into custody on Friday.
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Govt should prioritise review of Income Tax Act, get it passed as money bi
Updated : 1 year, 8 months ago IST
SBI research in a report has advocated for quicker review of the Income Tax Act as announced in Budget 2024-25.
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Meeting of Parliament PAC to be held tomorrow, SEBI chief to appear in mee
Updated : 1 year, 8 months ago IST
Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch is likely to be scheduled to appear before the Parliament's Public Accounts Committee in the national capital on Thursday, sources said.
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Pune Rural Police seizes Rs 5 crore during a Nakabandi at Khed Shivapur to
Updated : 1 year, 8 months ago IST
The money seized during Nakabandi, conducted on the late evening of October 21, has been handed over to the Income Tax Department for further investigation, said Pune Rural Superintendent Pankaj Deshmukh.
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Govt reduces charges for TDS default from multiple rates of 2,3 and 5 pc t
Updated : 1 year, 8 months ago IST
The new guidelines by Central Board of Direct Taxes (CBDT) for the compounding of offences under the Income-tax Act, 1961, aim to make the process easier and more accessible for taxpayers, according to a statement by Ministry of Finance.
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CBDT issues Revised Guidelines for compounding offences under IT Act
Updated : 1 year, 8 months ago IST
In conformity with the Finance Minister's budget announcement on simplification and rationalization of compounding procedure, The Central Board of Direct Taxes (CBTD) issued Revised Guidelines for Compounding of offences under the Income-tax Act, 1961 on Thursday.
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Reminder for International Businesses: Transfer Pricing Deadline in India
Updated : 1 year, 8 months ago IST
New Delhi [India], October 11: Businesses with operations in India or conducting transactions with related parties there should be aware of upcoming transfer pricing deadlines. The Income Tax Act, 1961, outlines regulations for these transactions, and all such activity must be reported by Oc
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CBDT forms committee to comprehensively review Income-tax Act
Updated : 1 year, 9 months ago IST
The Central Board of Direct Taxes (CBDT) has formed an internal committee to oversee a comprehensive review of the Income-tax Act, 1961 (Act), as was announced in the Union Budget 2024-25 by Finance Minister Nirmala Sitharaman.
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