No special drive to review mismatched HRA cases, says Income Tax department
Income-tax collections have risen sharply on back of high advance tax collection
At present, the information mismatches relating to Financial Years 2021-22 and 2022-23 have been displayed on the Compliance portal
The government is focusing not only on large companies but also on individuals, ranging from jobholders to small business owners
As many as 89 per cent of individuals and 88 per cent of firms say that there has been a big reduction in waiting time to get an income tax refund b
The collection appears all the more remarkable since it comes on the back of a lacklustre performance on the corporate tax front
Previously, the IT Act exempted the amount received by way of bonuses under a life insurance policy. Now, following these regulations, no life insuran
Notices have been sent to over 1 lakh tax assessees for income mismatch and with income over Rs 50 lakh
Driven by the need to further boost the buoyant tax collections, the Central Board of Direct Taxes (CBDT) has decided to go after unreported and under
The CBDT has issued a notification stating that consultants and professionals with business income can continue with the existing tax system starting