Mumbai: Tata Steel on Sunday said it has received a show-cause-cum-demand notice from the tax department over an alleged irregular use of input tax credit worth over Rs 1,000 crore for the financial years 2018-19 to 2022-23. In a filing to the stock exchanges, the company said that the notice was issued by the Office […]
New Delhi: The Central Board of Direct Taxes (CBDT) has formed an internal committee to comprehensively review Income-tax Act and invites suggestions from stakeholders/experts/public on the Income Tax e-filing portal. “In pursuance of the announcement in the Union Budget 2024-25 by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, the Central Board of
The income tax return filing season has now entered the penalty phase where those who failed to file their returns by July 31 are now needed to pay fine to fill their returns. The Income Tax Department said earlier this month that timely compliance by taxpayers and tax professionals has led to a significant increase
Income Tax Clearance Certificate Mandatory For All Indians? CBDT Clarifies New Rule Read More »
Residents of Sikkim have a unique advantage that sets them apart from the rest of India. Unlike other states, Sikkim is exempt from income tax under Section 10 (26AAA) of the Indian Income Tax Act. Why Doesn’t Sikkim Have to Pay Income Tax? When Sikkim merged with India, the government assured the state that it
No Income Tax! Find Out Why Residents Of THIS State Enjoy Complete Tax Exemption Read More »
