Bar & Bench2h
Supreme Court issues notice to PayPal in IT department's plea against stay on ₹32 crore demand
The Supreme Court on Monday issued notice in an appeal filed by the Income Tax department challenging an order of the Bombay ...
Deccan Chronicle1h
India Expects to Surpass Rs 22 Lakh Cr Direct Tax Target
The government on Monday said that it would exceed the Rs 22 lakh crore direct tax collection target set for the current ...
Government to remind taxpayers of ‘undisclosed’ foreign assets
The income tax department would send ‘reminders’ to taxpayers who missed disclosing foreign assets or income from foreign ...
Will exceed direct tax collection target for FY25: CBDT chief
The Centre’s direct-tax collection after tax refunds has grown by 15.41% to ₹12.1 trillion so far this financial year.
Tax Guru1h
Penalty order passed beyond time period framed u/s. 275(1)(c) untenable: Delhi HC
Delhi High Court held that passing of penalty order after the lapse of six months from the end of the month in which the ...
Bar & Bench7h
Supreme Court questions ICICI Bank for not de-freezing NewsClick's account
The Supreme Court on Monday slammed the ICICI Bank for not de-freezing the bank account of online news portal NewsClick ...
CBDT launches campaign to intimate taxpayers on undeclared foreign assets in ITR
CBDT launches campaign to remind taxpayers to disclose high-value foreign income/assets in ITRs for AY 2024-25.
Coinbase CEO Brian Armstrong Says DOGE Department Is A 'Once-In-A-Lifetime-Opprtunity,' Advocates Abolishing Individual Income Tax
Coinbase CEO Brian Armstrong has proposed eliminating individual income taxes in the U.S., suggesting a radical shift in the ...
The Asian Age6h
Govt to exceed FY25 direct tax collection target: CBDT chief
The Central Board of Direct Taxes (CBDT) said that the field of tax payer services in the I-T department has become very ...
Rs 80 crore silver, Rs 5.5 crore cash seized during poll-related searches
Police in Mumbai seized a container carrying ₹80 crore worth of silver bars and ₹5.55 crore in cash from a van in two ...
Taxpayers With Foreign Income Or Assets Have Until December 31 To Correct Omissions: CBDT Chairman
The Central Board of Direct Taxes (CBDT) Chairman, Ravi Agarwal, has urged taxpayers with foreign income or assets to take ...
Disclose foreign assets, income or pay Rs 10L fine
The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of Rs 10 lakh under the ...