When you file your income tax return, it undergoes a computer-based scrutiny under Section 143(1). Section 143(1) of the Income Tax Act...
Finance Minister Nirmala Sitharaman, in an effort to enhance the attractiveness of the New Tax Regime for salaried taxpayers, introduced two significant...
The CBDT’s investigation focuses on potential discrepancies between the information provided by taxpayers and the records of foreign remittances. Read More: Fake...
Income Tax Return (ITR) Refund: It is important to note that your tax refund can only be issued once the Income Tax Department...
ITR refund scam: Under no circumstance should individuals respond to emails or visit websites that solicit credit card details, bank account information,...
The last date to file an Income Tax Return was ended on July 31. After filing the return, taxpayers are waiting for...
This follows a similar drive against fake GST registrations last May, which uncovered around 22,000 fake GST registrations and suspected GST evasion...
Securities Transaction Tax (STT) mopped up Rs 21,599 crore, while other taxes (which include equalisation levy and gift tax) earned Rs 1,617...
Meanwhile, some taxpayers who filed tax return much earlier are still waiting for their refunds. In some cases, refunds were issued within...
Residents in India enjoy varying tax benefits based on age and regime, while non-residents have uniform limits. Rebates and deductions differ for...