Tag Archives: income tax department

[ad_1] HRA claims relief: The Central Board of Direct Taxes (CBDT) has clarified that there is no special drive to reopen cases related to House Rent Allowance (HRA) claims. The income tax department stated that there is no ongoing special drive to review mismatch cases. Concerns have emerged about potential …

[ad_1] There have been reports on social media and in the news about CBDT inquiries into cases where employees have inaccurately claimed HRA and rental expenses [ad_2] Source link

[ad_1] ITR filing forms for FY 2023-24: The Income Tax Department has made the online tax return forms, ITR-1, ITR-2, and ITR-4, available for FY 2023-24 (AY 2024-25) on the income tax e-filing portal starting April 1, 2024. This means eligible taxpayers can now file their tax returns for FY …

[ad_1] New Delhi: Infosys expects a refund of Rs 6,329 crore from the Income Tax Department, the country’s second-largest IT services company said. It also informed the stock exchanges about tax demand to the tune of Rs 2,763 crore, citing various assessment orders. Infosys Ltd said it has received …

[ad_1] On Friday he persisted and visited the office of the Additional Superintendent of Police to file a formal complaint regarding the unauthorized transactions.  [ad_2] Source link

[ad_1] Ashneer Grover has been quite vocal about tax regulations in India. In another post, Ashneer Grover clarified that a recent notice he received from the Income Tax Department, which he had mentioned earlier in a tweet, was due to a system error, prompting him to delete it. Former BharatPe …

[ad_1] Polycab shares today: The shares of electrical equipment manufacturer Polycab witnessed a dip of 20%, with the stock price dropping to a daily low of Rs 3930.55 on Thursday. This decline followed revelations by the Income Tax department, which uncovered unaccounted sales amounting to Rs 1,000 crore during recent …

[ad_1] The shares of Polycab crashed today amid media reports of a Rs 200 crore tax evasion by the company. [ad_2] Source link

[ad_1] Filing an income tax return (ITR) is an annual compliance obligation of the taxpayers. With the increase in the number of tax returns being filed, awareness regarding the steps to be followed by them to complete the ITRfiling process is a must. To start with, you login to your …

[ad_1] Discard Income Tax Return explained: The Income Tax Department, in an attempt to streamline the process of filing income tax returns further, has this year come up with a new feature called “Discard return”. As the name suggests, the new option allows an income tax payer to “discard” their …