Faster tax refunds, tax demand notice deletion, and more can now be expected as I-T dept updates the ITR portal for online ...

With all eyes on the new Income Tax bill which is slated to be tabled in the Parliament this week. Sources in the know of the ...

The AO initially passed an assessment order, making additions related to transfer pricing adjustments and disallowance under Section 14A. Subsequently, the assessment was reopened under Section 147 ...

A key point of contention was the society’s claim for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, for interest income received from various banks, including nationalized banks.

Proceedings for adjustment of refund to outstanding demand u/s 245 (1) of the Income tax Act, 1961 are pending. Proceedings ...

According to the CBI sources, from analysis of WhatsApp chats found from the personal devices of one of the accused persons D ...

Too few citizens are expected to contribute too much to the tax coffers. Yet, the political courage needed to even out a ...

Small savings instruments comprise of vastly popular schemes including the Public Provident Fund, National Savings ...

The British rock band Coldplay recently performed in India, with concerts held in Navi Mumbai and Ahmedabad. The DY Patil ...

CBI books 9, including IT officials and CAs, for sabotaging faceless assessment scheme; searches conducted in 18 places.

The government has set an ambitious excise revenue target of Rs 55,000 crore, an increase of Rs 4,000 crore from the previous ...

Centre is set to table the new income tax bill in Parliament today. According to Finance Minister Nirmala Sitharaman, the ...