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Income Tax Dept News

24 Jul 2024

Majority Of Taxpayers To Have Substantial Tax Savings Due To Reduction Of LTCG

The Income Tax Department said the nominal real estate returns are generally in the region of 12-16 per cent per annum, much higher than inflation.

27 Sep 2023

Tax Officials Visit Chinese Tech Lenovo's Locations In India

The reason for the visit was not immediately clear. Earlier in the day, Reuters reported that tax officers also visited the facilities of contract manufacturer Flex Ltd in Tamil Nadu state.

income tax refund

05 Sep 2023

Ensure Your Income Tax Refund: Check How To Validate Your Bank Account Now

The process of income tax refunds involves crediting the refund amount directly into the taxpayer's bank account. Therefore, it is necessary that taxpayers validate their bank account information on the e-filing portal. This ensures that the refunds are disbursed efficiently and securely.

Income Tax returns

01 Aug 2023

ITR Filing AY 2023-24: Are You Waiting For ITR Refund? When Can You Expect It?

The deadline for filing income tax returns is over on July 31. If you are waiting for your ITR refund for AY 2023-24, scroll down to find the step-by-step guide.

Income tax return

15 Jul 2023

ITR E-Verify: Here's Step-By-Step To Check Your Filing Via Several Methods

It's important to note that the e-Verification process should be completed within the specified time limit, which is currently 30 days from the date of filing the return of income. After successfully e-Verifying, you will receive a confirmation message on your registered email ID and mobile number.

Income Tax Dept

13 May 2018

I-T dept to seek share purchase pact from Flipkart to ascertain tax liability

In the Walmart-Flipkart deal, the revenue department will go through the share purchase agreement to ascertain the purpose of investment and the emanating gains.

27 Sep 2016

Delhi Health Minister Satyendra Jain under I-T scanner for alleged tax evasion, summons issued

The Income Tax department has issued summons to Delhi Health Minister Satyendra Jain, asking him to appear before it in connection with its tax evasion probe against certain Kolkata-based firms.

19 Feb 2016

Shocking! Income Tax dept smells a rat on Freedom 251 launch?

After all that massive buzz that Ringing Bells made by launching the 3G smartphone priced at just Rs 251, Income tax Department's investigation team is reported to have visited the Ringing Bells office.

22 Aug 2014

BSNL gets Rs 6,234 crore demand notice from Income Tax Dept

The Income Tax Department has served a demand notice of Rs 6,234 crore to state-run BSNL for allegedly under reporting income in assessment year 2011-12.

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