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Failure to disclose foreign assets, income to invite Rs 10L penalty

Failure to disclose foreign assets, income to invite Rs 10L penalty

New Delhi: The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income...

17 Nov 2024 12:36 PM IST

Between mid-April and January, the Income Tax department has issued a record Rs 65,000 crore worth refunds.

CBDT allows tax officials to waive or reduce interest due from...

New Delhi: The income tax department has allowed tax officials to either waive or reduce interest payable by a taxpayer,...

5 Nov 2024 1:55 PM IST

Income tax department expects taxpayers to file correct returns. (Photo: PTI).

CBDT forms committee for I-T Act review; 'sunset' clauses to be...

New Delhi: An internal committee of the Income Tax Department will review the 1961 direct tax law to eliminate redundant...

22 Aug 2024 1:46 PM IST

Between mid-April and January, the Income Tax department has issued a record Rs 65,000 crore worth refunds.

Unscientific Distribution of Work Affects SGST Collections

Hyderabad: The commercial tax department has many reasons to worry about, if one goes by lacklustre...

19 Aug 2024 11:30 PM IST

Sitharaman proposes amendments to LTCG tax provision on immovable properties

Sitharaman proposes amendments to LTCG tax provision on immovable...

New Delhi: Union finance minister Nirmala Sitharaman announced on Wednesday that the long-term capital gains (LTCG) tax...

7 Aug 2024 6:35 PM IST

After the scheme closes, the Income Tax Department will go ahead with tax demands and pursue legal course including arbitration.

Record 7.28 crore ITRs filed for AY 2024-25

New Delhi: The income tax department under ministry of finance on Friday said that more than 7.28 crore income tax...

2 Aug 2024 4:14 PM IST

Vijayawada taxpayers demand safe and reliable drinking water supply

Vijayawada taxpayers demand safe and reliable drinking water supply

Vijayawada: The Taxpayers' Association of Vijayawada has urged the government to address the city's water woes.They...

26 Jun 2024 11:04 AM IST

GHMC Breaks Record for Property Tax Early Bird Collections

GHMC Breaks Record for Property Tax Early Bird Collections

Hyderabad: The GHMC collected Rs 820 crore property tax till 9 pm on Tuesday, the last day of the early bird scheme....

1 May 2024 12:13 AM IST

CBDT will soon come out with over two dozen FAQs based on the queries it has received from various stakeholders, including chartered accountants and industry chambers.

CBDT extends due date for filing Form 10A/ Form 10AB up to June 30

Hyderabad: The Central Board of Direct Taxes (CBDT) has extended the due date for filing Form 10A/ Form 10AB under the...

25 April 2024 6:16 PM IST

GVMC has already given a notification to lay a 100-feet master plan road from Siripuram Circuit House to Nowroz Road. (Representational Image: Twitter)

Current Affairs

GVMC Announces 5% Discount for Early Bird Taxpayers

Visakhapatnam: The Greater Visakhapatnam Municipal Corporation (GVMC) has introduced a beneficial scheme for...

8 April 2024 11:38 PM IST

Vizag Residents Get Relief: Interest Waived on Property and Vacant Land Taxes

Current Affairs

Vizag Residents Get Relief: Interest Waived on Property and Vacant...

Visakhapatnam: The Greater Visakhapatnam Municipal Corporation (GVMC) announced a welcome relief for taxpayers in...

3 March 2024 1:52 AM IST