Income Tax department recalls 'defective' notices sent to taxpayers
Verify notices: Taxpayers should log in to the Income Tax e-filing portal to confirm whether a defective notice still stands ...
Income Tax Department regrets issuing erroneous notices to taxpayers: Know the details
The tax department has erred in sending notices to many taxpayers for defective income tax return (ITR). A defective return ...
Key year-end tax reminders, updates for the final weeks of 2024. What to know
Income tax policy could change after Trump becomes president, but that won't affect returns that Americans will file for 2024. Here are a few reminders.
Vivad Se Vishwas Scheme 2024: Income Tax department releases new FAQs
Under Section 89 of the Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV Scheme, 2024), outlined in Chapter IV of the Finance ...
IT Dept Tracked Spending Data To Extract Rs 37,000 Crore Income Tax From Non Filers
Over the period of last 20 months, the Indian income tax department has recovered Rs 37,000 crore from individuals who failed ...
Vivad Se Vishawas Scheme 2024: Income Tax Department releases new FAQs on eligibility, tax amount payable; Check details here
4. The DTVSV Scheme, 2024 provides for the different rates where declaration is filed on or before 31.12.2024 and where it is ...
India's net direct tax collection rises over 16% y/y in April-December
The Indian government's net direct tax collection grew over 16% year on year to 15.8 trillion rupees ($186.07 billion) during ...
Trump’s 2017 tax cuts made income inequality worse. Here’s how
The 2017 cuts were the most extensive revision to the Internal Revenue Code since the Ronald Reagan administration. The ...