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I-T notices sent to 1 lakh for income mismatch
Notices have been sent to over 1 lakh tax assessees for income mismatch and with income over Rs 50 lakh
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One wedding, several PANs: I-T’s watching
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
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Even consultants allowed to switch tax regime
The CBDT has issued a notification stating that consultants and professionals with business income can continue with the existing tax system starting
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Returns to be scrutinised if no response to I-T notice
In cases where notices have been issued under Section 148, and the assessee has not reponded to the notice, then it will be scrutinised
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Gaming: No TDS on winnings under Rs 100
If you are an ardent gamer who has played on fantasy gaming platforms like Dream11, MPL during this IPL or indulged in any other sport, then read on
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Big spenders beware: I-T is watching you
While the method might become a part of the sustained approach of the CBDT, the immediate target is to push up the number of those filing IT returns t
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CBDT outlines to the FM on how personal income tax zoomed
Finance minister also rooted for a more taxpayer-friendly department by advising the officials for quicker resolution of their grievances and faster d
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CBDT issues refunds of over 1.23 lakh crore
Personal income tax refunds of Rs 41, 649 crore issued in 1.08 crore cases and corporate tax refunds of Rs 82,018 crore issued in 1,81,218 cases
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Income tax refunds worth Rs 1.19 lakh crore issued to 1 crore taxpayers
This also includes refunds of Rs 67.99 lakh of AY 2021-22, which amounted to Rs 13,140.94 crore.
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GST collection for October 2021 second highest since GST implementation
The GST revenues for October have been the second-highest ever since the introduction of GST, second only to that in April 2021
