Income Tax Notice

Colgate-Palmolive (India) Ltd has received a tax demand notice of Rs 248.74 crore from the Income Tax Authority in a transfer pricing-related issue.

Apoorv Jain from Delhi sparked controversy by revealing he paid a chartered accountant ₹50,000 to resolve a tax dispute worth only ₹1.

The country's largest two-wheeler maker Hero MotoCorp on Thursday said it has received demand notices from the Income Tax department for around Rs 605 crore, including interest, for six assessment years.

The Congress' claims of "tax terrorism" based on fresh notices from the Income Tax department have been strongly countered by sources in the government agency, who have pointed out that incriminating material had been seized.

A youth, who is a college student, has filed a complaint with the police in Madhya Pradesh's Gwalior district after transactions of Rs 46 crores occurred from his bank account, a police official said on Friday.

Income tax notices to the Indian National Congress were issued back in March 2023 and the assessment proceedings demanded for those seven years, as per law, were set to get time barred on March 31, 2024, according to sources.

The Communist Party of India (CPI) received a notice from the Income Tax Department sometime back regarding some discrepancies due to the use of old PAN cards by some state units of the Communist Party of India, said General Secretary of CPI, D Raja.

Not paying tax to the government is denying benefits to the poor, Assam Chief Minister Himanta Biswa Sarma said on Friday, attacking the Congress.

Congress leader Rahul Gandhi today promised the party will take exemplary action against those who have destroyed democracy - "when the government changes" - after the party received a Rs 1,800 crore income tax notice which it called "tax terrorism".

The Congress has received a Rs 1,700 crore notice from the Income Tax Department, a day after the Delhi High Court dismissed the party's petition challenging the tax notices, according to sources.

The Income Tax Department encourages those who received notices regarding discrepancies in their Income Tax Returns.

The Congress - battling an "unprecedented" demand of Rs 210 crore from the Income Tax Department weeks before the general election - has accused the Narendra Modi government of "financial terrorism".

Shiv Prasad Nishad, a daily wage labourer, is a troubled man nowadays. Someone appears to have deposited an unthinkable Rs 221 crore in his bank account and the Income Tax department wants to meet him.

The Income Tax Department on Friday responded to entrepreneur Ashneer Grover's questions over notices being issued to startups for documents related to three-year Income Tax Return (ITR) details of their investors and shareholders.

A resident of Bhind in Madhya Pradesh with a monthly income of Rs 53,000 got a demand notice from income tax (I-T) department to cough up Rs 113.83 crore for alleged transactions of Rs 132 crore in his account in 2011-12.

Colgate-Palmolive (India) Ltd has received a tax demand notice of Rs 248.74 crore from the Income Tax Authority in a transfer pricing-related issue.

Apoorv Jain from Delhi sparked controversy by revealing he paid a chartered accountant ₹50,000 to resolve a tax dispute worth only ₹1.

The country's largest two-wheeler maker Hero MotoCorp on Thursday said it has received demand notices from the Income Tax department for around Rs 605 crore, including interest, for six assessment years.

The Congress' claims of "tax terrorism" based on fresh notices from the Income Tax department have been strongly countered by sources in the government agency, who have pointed out that incriminating material had been seized.

A youth, who is a college student, has filed a complaint with the police in Madhya Pradesh's Gwalior district after transactions of Rs 46 crores occurred from his bank account, a police official said on Friday.

Income tax notices to the Indian National Congress were issued back in March 2023 and the assessment proceedings demanded for those seven years, as per law, were set to get time barred on March 31, 2024, according to sources.

The Communist Party of India (CPI) received a notice from the Income Tax Department sometime back regarding some discrepancies due to the use of old PAN cards by some state units of the Communist Party of India, said General Secretary of CPI, D Raja.

Not paying tax to the government is denying benefits to the poor, Assam Chief Minister Himanta Biswa Sarma said on Friday, attacking the Congress.

Congress leader Rahul Gandhi today promised the party will take exemplary action against those who have destroyed democracy - "when the government changes" - after the party received a Rs 1,800 crore income tax notice which it called "tax terrorism".

The Congress has received a Rs 1,700 crore notice from the Income Tax Department, a day after the Delhi High Court dismissed the party's petition challenging the tax notices, according to sources.

The Income Tax Department encourages those who received notices regarding discrepancies in their Income Tax Returns.

The Congress - battling an "unprecedented" demand of Rs 210 crore from the Income Tax Department weeks before the general election - has accused the Narendra Modi government of "financial terrorism".

Shiv Prasad Nishad, a daily wage labourer, is a troubled man nowadays. Someone appears to have deposited an unthinkable Rs 221 crore in his bank account and the Income Tax department wants to meet him.

The Income Tax Department on Friday responded to entrepreneur Ashneer Grover's questions over notices being issued to startups for documents related to three-year Income Tax Return (ITR) details of their investors and shareholders.

A resident of Bhind in Madhya Pradesh with a monthly income of Rs 53,000 got a demand notice from income tax (I-T) department to cough up Rs 113.83 crore for alleged transactions of Rs 132 crore in his account in 2011-12.