Delhi High Court Clarifies Time Limits for Income Tax Assessments in Landmark Ruling
Navigating the intricacies of income tax rules often requires legal interventions, and a recent Delhi High Court order has provided ...
Tag: tax
Income Tax Department Reveals INR 30,000-Crore Tax Evasion by Insurance Firms and Intermediaries
Several insurance companies and their intermediaries are facing increasing pressure over accusations of evading approximately INR 30,000 crore in income ...
The Income Tax Department sternly advises taxpayers with outstanding arrears to promptly reconcile them by offsetting them against refund claims.
In a recent announcement, the Income Tax (I-T) Department has taken a proactive step to assist taxpayers with pending outstanding ...
Direct Tax Revenue for 2023-24 Soars by 23.51% to Rs 8,65,117 Crore
Direct tax collections for the fiscal year 2023-24 have reached a substantial Rs 8,65,117 crore as of September 16, marking ...
India’s Economy Surges with 7.7% GDP Growth in April-June, the Highest in 4 Quarters
Economists anticipate a robust revival for the Indian economy in the April-June period, marking the quickest growth in four quarters ...
Tamil Nadu & Karnataka keep up with their impressive GST performance
In a remarkable display of fiscal prowess, the states of Tamil Nadu and Karnataka have sustained their exceptional performance in ...
GST Council Holds Firm on 28% Tax for Online Gaming, Casinos, and Horse Racing; Implementation Scheduled for October 1
New Delhi, August 2, 2023 - In a significant development, the 51st meeting of the Goods and Services Tax (GST) ...
The Finance Minister announced that 7.4 Crore income tax returns were filed for the fiscal year 2022-23.
According to Finance Minister Nirmala Sitharaman, the number of entities, including individuals, who filed income tax returns witnessed a 6.18 ...
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