Majority Of Taxpayers To Have Substantial Tax Savings Due To Reduction Of LTCG On Real Estate. Says IT Department
The Income Tax Department said the nominal real estate returns are generally in the region of 12-16 per cent per annum, much higher than inflation.
Jul 24, 2024, 12:15 PM IST
Chinese Tech Lenovo Premises In Bengaluru, Gurgaon, Mumbai Visited By Tax Officials: Report
The reason for the visit was not immediately clear. Earlier in the day, Reuters reported that tax officers also visited the facilities of contract manufacturer Flex Ltd in Tamil Nadu state.
Sep 27, 2023, 20:46 PM IST
Waiting For Your Income Tax Refund? CBDT Advises Taxpayers To Check Bank Account Validation Status - Learn How To Do It
The process of income tax refunds involves crediting the refund amount directly into the taxpayer's bank account. Therefore, it is necessary that taxpayers validate their bank account information on the e-filing portal. This ensures that the refunds are disbursed efficiently and securely.
Sep 05, 2023, 13:20 PM IST
ITR Filing AY 2023-24: Are You Waiting For ITR Refund? When Can You Expect It, And How Can You Check Its Status?
The deadline for filing income tax returns is over on July 31. If you are waiting for your ITR refund for AY 2023-24, scroll down to find the step-by-step guide.
Aug 02, 2023, 00:14 AM IST
How To E-Verify Income Tax Returns? Here's Step-By-Step To Check Your ITR Filing Through Several Methods
It's important to note that the e-Verification process should be completed within the specified time limit, which is currently 30 days from the date of filing the return of income. After successfully e-Verifying, you will receive a confirmation message on your registered email ID and mobile number.
Jul 15, 2023, 15:11 PM IST
Income tax department to seek share purchase pact from Flipkart to ascertain tax liability
In the Walmart-Flipkart deal, the revenue department will go through the share purchase agreement to ascertain the purpose of investment and the emanating gains.
May 13, 2018, 21:30 PM IST
Delhi Health Minister Satyendra Jain under I-T scanner for alleged tax evasion, summons issued
The Income Tax department has issued summons to Delhi Health Minister Satyendra Jain, asking him to appear before it in connection with its tax evasion probe against certain Kolkata-based firms.
Sep 27, 2016, 12:34 PM IST
Shocking! Income Tax dept smells a rat on Freedom 251 launch?
After all that massive buzz that Ringing Bells made by launching the 3G smartphone priced at just Rs 251, Income tax Department's investigation team is reported to have visited the Ringing Bells office.
Feb 19, 2016, 12:31 PM IST
BSNL gets Rs 6,234 crore demand notice from Income Tax Dept
The Income Tax Department has served a demand notice of Rs 6,234 crore to state-run BSNL for allegedly under reporting income in assessment year 2011-12.
Aug 22, 2014, 19:54 PM IST
