Income Tax Default
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New Tax Regime Will Leave Higher Disposable Income: Nirmala Sitharaman
The new income tax regime has been made the default tax regime. However, the citizens will continue to have the option to avail the benefit of the old tax regime.
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Old Tax Regime And New Tax Regime Explained In 3 Scenarios
The new tax regime has been made the default system for everyone. The old tax regime will be available on request, the finance minister announced
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No Tax On Income Up To 7 Lakhs, Centre Says New Tax Regime "Attractive"
Nothing changes if you choose the Old Tax Regime, which has exemptions for investments; New regime is now the default scheme unless you opt for Old
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ED Investigates Gaming Companies’ GST Evasion Worth Rs. 23,000 Crore
The Directorate of Enforcement is investigating GST evasion of about Rs 23,000 crore by gaming companies between April 2019 and November 2022, Minister of State for Finance Pankaj Chaudhary said on Monday. The ED has attached proceeds of crime in cases related to cyber and crypto assets frauds.
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Delhi Government Warns Of Strict Action Against Firms Defaulting On Tax
The Delhi government has warned tax defaulters of stringent action as it found that 10,800 companies did not pass on the full amount they collected from people as taxes, an official statement said.
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Karnataka Businessman Jailed For Rs 7.35 Crore Tax Default
The Income-Tax department arrested and jailed a Karnataka businessman for defaulting on paying Rs 7.35 crore as income tax arrears and interest despite reminders, an official said today.
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Bengaluru Businessman Arrested While Trying To Leave India: Tax Officials
A city-based businessman, who has defaulted on income tax payments with arrears of Rs 11.94 crore plus interest, was on Tuesday detained to a civil prison at Parappana Agrahara Central Jail for six months for failing to make satisfactory arrangement for payment of arrears, officials said.
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Man Arrested For Rs 12 Crore Tax Default From Mumbai Airport
The Income Tax Department has invoked a rarely used power and arrested a Karnataka-based businessman for alleged tax default of about Rs 12 crore, a senior official said on Tuesday.
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Income Tax Department Publicly Names Defaulters Owing Rs 490 crore
The department issued an advertisement as part of its name and shame defaulters policy.
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Income Tax Department Files Six Cases Against Rotomac Owner
Rotomac owner Vikram Kothari is being investigated in connection with the Rs 3,695 crore bank loan default case involving Bank of Baroda.
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Tax Defaulters Not To Get Off The Hook Easily. 5 Things To Know
The government of India has recently amended the rules and empowered the taxman to use banking, insurance and municipal corporation's database to obtain address of an untraceable income tax defaulter
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Tax Defaulters Beware: CBDT Enables I-T Department To Get Address From Bank, Civic Agencies
Till now, tax authorities could only issue notice to a defaulting or erring taxpayer as per the address provided by them in their PAN (Permanent Account Number)
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I-T Department To Investigate Suspicious Deposits Post Notes Ban
The action is a part of the Operation Clean Money (OCM), initiated by the department early this year
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Income Tax Department Publishes Names Of Delhi Defaulters Owing Over 10 Crore In Taxes
The Income Tax department today published names of five entities owing over Rs 10 crore in taxes, as part of its strategy to name and shame big defaulters.
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'Pay Arrears Immediately': Income Tax Department Names Five Defaulters
The taxman has begun this exercise of naming and shaming tax defaulters for the last few years and had named at least 96 such entities which have huge tax liabilities on them and have either gone non-traceable or have shown no assets for recovery.
-
New Tax Regime Will Leave Higher Disposable Income: Nirmala Sitharaman
The new income tax regime has been made the default tax regime. However, the citizens will continue to have the option to avail the benefit of the old tax regime.
-
Old Tax Regime And New Tax Regime Explained In 3 Scenarios
The new tax regime has been made the default system for everyone. The old tax regime will be available on request, the finance minister announced
-
No Tax On Income Up To 7 Lakhs, Centre Says New Tax Regime "Attractive"
Nothing changes if you choose the Old Tax Regime, which has exemptions for investments; New regime is now the default scheme unless you opt for Old
-
ED Investigates Gaming Companies’ GST Evasion Worth Rs. 23,000 Crore
The Directorate of Enforcement is investigating GST evasion of about Rs 23,000 crore by gaming companies between April 2019 and November 2022, Minister of State for Finance Pankaj Chaudhary said on Monday. The ED has attached proceeds of crime in cases related to cyber and crypto assets frauds.
-
Delhi Government Warns Of Strict Action Against Firms Defaulting On Tax
The Delhi government has warned tax defaulters of stringent action as it found that 10,800 companies did not pass on the full amount they collected from people as taxes, an official statement said.
-
Karnataka Businessman Jailed For Rs 7.35 Crore Tax Default
The Income-Tax department arrested and jailed a Karnataka businessman for defaulting on paying Rs 7.35 crore as income tax arrears and interest despite reminders, an official said today.
-
Bengaluru Businessman Arrested While Trying To Leave India: Tax Officials
A city-based businessman, who has defaulted on income tax payments with arrears of Rs 11.94 crore plus interest, was on Tuesday detained to a civil prison at Parappana Agrahara Central Jail for six months for failing to make satisfactory arrangement for payment of arrears, officials said.
-
Man Arrested For Rs 12 Crore Tax Default From Mumbai Airport
The Income Tax Department has invoked a rarely used power and arrested a Karnataka-based businessman for alleged tax default of about Rs 12 crore, a senior official said on Tuesday.
-
Income Tax Department Publicly Names Defaulters Owing Rs 490 crore
The department issued an advertisement as part of its name and shame defaulters policy.
-
Income Tax Department Files Six Cases Against Rotomac Owner
Rotomac owner Vikram Kothari is being investigated in connection with the Rs 3,695 crore bank loan default case involving Bank of Baroda.
-
Tax Defaulters Not To Get Off The Hook Easily. 5 Things To Know
The government of India has recently amended the rules and empowered the taxman to use banking, insurance and municipal corporation's database to obtain address of an untraceable income tax defaulter
-
Tax Defaulters Beware: CBDT Enables I-T Department To Get Address From Bank, Civic Agencies
Till now, tax authorities could only issue notice to a defaulting or erring taxpayer as per the address provided by them in their PAN (Permanent Account Number)
-
I-T Department To Investigate Suspicious Deposits Post Notes Ban
The action is a part of the Operation Clean Money (OCM), initiated by the department early this year
-
Income Tax Department Publishes Names Of Delhi Defaulters Owing Over 10 Crore In Taxes
The Income Tax department today published names of five entities owing over Rs 10 crore in taxes, as part of its strategy to name and shame big defaulters.
-
'Pay Arrears Immediately': Income Tax Department Names Five Defaulters
The taxman has begun this exercise of naming and shaming tax defaulters for the last few years and had named at least 96 such entities which have huge tax liabilities on them and have either gone non-traceable or have shown no assets for recovery.
