While small cash transactions are generally not scrutinized, high-value transactions can attract attention from the Income Tax Department. Here are five types of...
A tax return is considered defective if it is submitted without all the requisite information or documentation mandated by law. Section 139(9)...
The public sector Bank of Baroda (BoB) has been issued a demand order of Rs 1,067.82 crore from the Faceless Assessment Unit...
Income tax department has said no action will be taken for a short deduction of TDS in case the assessee links his/her...
The Income Tax Department has a keen eye on the details provided by taxpayers in their income tax returns. If any errors...
On Friday he persisted and visited the office of the Additional Superintendent of Police to file a formal complaint regarding the unauthorized...
While addressing a press conference, Congress leader Ajay Maken said that the party will approach Supreme Court next week Ahead of the...
The thought of getting a Section 143 (1) income tax notice for wrong information provided in the income tax return (ITR) may...
Income tax notices can make anyone anxious. But don’t worry! It’s a regular part of filing your tax return and doesn’t always...
HRA deduction is a valuable tax exemption that can help salaried individuals to save money on their taxes. HRA deduction in India...