Tax Assessment
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Japan Crypto Review May Open Door to Lower Taxes, Dedicated ETFs
Japan's Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments act is adequate, an official at the agency said, asking not to be identified in line with the institution’s rules.
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"Ask Infosys Team...": Chartered Accountant's Dig At Narayana Murthy Over ITR Website Glitches
As the July 31 deadline for filing the Income Tax Return (ITR) for the assessment year 2024-25 approaches, technical glitches in the income tax portal developed by Infosys have led to frustration among chartered accountants.
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Hero MotoCorp Gets Demand Notice Of Rs 605 Crore From Tax Body
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.
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Infosys Receives Rs 341 Crore Tax Demand For Assessment Year 2020-21
Infosys has received a tax demand of Rs 341 crore for assessment year 2020-21 from the Income Tax Department, the IT services company said on Monday adding it is evaluating filing an appeal against the said order.
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Expecting Refund Of Rs 6,329 Crore From Income Tax Department, Says Infosys
Infosys expects a refund of Rs 6,329 crore from the Income Tax Department, the country's second largest IT services company said. It also informed the stock exchanges about tax demand to the tune of Rs 2,763 crore, citing various assessment orders.
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Tax Assessments Against Congress Based On Incriminating Evidence: Sources
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.
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High Court Dismisses Congress's Plea Against Tax Re-Assessment By Income Tax Officials
The Delhi High Court today rejected petitions by the Congress challenging the initiation of tax reassessment proceedings against it for a period of four years by tax authorities.
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Ashneer Grover Thanks IT Department For Tax Assessment Closure, Calls Himself ''A Diligent Taxpayer''
He acknowledged that closing of tax assessment would strengthen his defence in his ongoing legal cases.
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Supreme Court Defers Hearing Of Income Tax Assessment Case Of Gandhis Till December 13
The Gandhis had opposed the transfer of their cases to the Central Circle on several grounds including that they have nothing to do with the Sanjay Bhandari group's cases.
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Bombay High Cout Orders Tax Refund Of ₹1,128 Crore To Vodafone Idea
The Bombay High Court has directed the Income Tax department to refund Rs 1,128 crore to Vodafone Idea Limited paid by the telecom operator in taxes for the assessment year 2016-2017.
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Centralised Assessment May Be Required If...: Supreme Court To Gandhis Over Tax Case
A centralised assessment may be required if there are cross transactions between individuals, the Supreme Court said on Tuesday while hearing the petitions filed by Congress leaders Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra.
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Dead For 10 Years, Madhya Pradesh Teacher Gets Rs 7-Crore Tax Notice
A government-school teacher in Madhya Pradesh has received a tax notice of Rs 7 crore. What has stunned her family even more than the amount, however, is that the teacher had died in 2013 and the notice pertains to the assessment year 2017-18.
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Last Day To File Income Tax Returns (ITR): What Happens If You Miss Deadline
ITR Filing Last Date Today: The deadline to file the income tax returns (ITR) for the assessment year 2023-24 ends today. As per the latest update, over 6 crore ITRs had been filed till 6:30 PM on July 30.
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ITR Filing: How to Check IT Return Status Online
The deadline to file ITR (Income Tax Return) without any late fee is approaching closer. The last date to file ITR for assessment year 2023-24 is July 31. So far, the Income Tax Department has not announced any extension in the last date for filing ITR. One can easily file ITR online using a few simple steps. Once the ITR is filed, all taxpayers a...
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ITR Filing Deadline Is Here: How to File Income Tax Return Online in Simple Steps
ITR (Income Tax Return) filing deadline for the assessment year 2023-24 is July 31. With the last date just around the corner, a lot of taxpayers are rushing to file their returns. The Income Tax department has not announced any extension on the last date for filing the ITR, hence leaving taxpayers with less than five days to complete the process.
-
Japan Crypto Review May Open Door to Lower Taxes, Dedicated ETFs
Japan's Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments act is adequate, an official at the agency said, asking not to be identified in line with the institution’s rules.
-
"Ask Infosys Team...": Chartered Accountant's Dig At Narayana Murthy Over ITR Website Glitches
As the July 31 deadline for filing the Income Tax Return (ITR) for the assessment year 2024-25 approaches, technical glitches in the income tax portal developed by Infosys have led to frustration among chartered accountants.
-
Hero MotoCorp Gets Demand Notice Of Rs 605 Crore From Tax Body
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.
-
Infosys Receives Rs 341 Crore Tax Demand For Assessment Year 2020-21
Infosys has received a tax demand of Rs 341 crore for assessment year 2020-21 from the Income Tax Department, the IT services company said on Monday adding it is evaluating filing an appeal against the said order.
-
Expecting Refund Of Rs 6,329 Crore From Income Tax Department, Says Infosys
Infosys expects a refund of Rs 6,329 crore from the Income Tax Department, the country's second largest IT services company said. It also informed the stock exchanges about tax demand to the tune of Rs 2,763 crore, citing various assessment orders.
-
Tax Assessments Against Congress Based On Incriminating Evidence: Sources
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.
-
High Court Dismisses Congress's Plea Against Tax Re-Assessment By Income Tax Officials
The Delhi High Court today rejected petitions by the Congress challenging the initiation of tax reassessment proceedings against it for a period of four years by tax authorities.
-
Ashneer Grover Thanks IT Department For Tax Assessment Closure, Calls Himself ''A Diligent Taxpayer''
He acknowledged that closing of tax assessment would strengthen his defence in his ongoing legal cases.
-
Supreme Court Defers Hearing Of Income Tax Assessment Case Of Gandhis Till December 13
The Gandhis had opposed the transfer of their cases to the Central Circle on several grounds including that they have nothing to do with the Sanjay Bhandari group's cases.
-
Bombay High Cout Orders Tax Refund Of ₹1,128 Crore To Vodafone Idea
The Bombay High Court has directed the Income Tax department to refund Rs 1,128 crore to Vodafone Idea Limited paid by the telecom operator in taxes for the assessment year 2016-2017.
-
Centralised Assessment May Be Required If...: Supreme Court To Gandhis Over Tax Case
A centralised assessment may be required if there are cross transactions between individuals, the Supreme Court said on Tuesday while hearing the petitions filed by Congress leaders Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra.
-
Dead For 10 Years, Madhya Pradesh Teacher Gets Rs 7-Crore Tax Notice
A government-school teacher in Madhya Pradesh has received a tax notice of Rs 7 crore. What has stunned her family even more than the amount, however, is that the teacher had died in 2013 and the notice pertains to the assessment year 2017-18.
-
Last Day To File Income Tax Returns (ITR): What Happens If You Miss Deadline
ITR Filing Last Date Today: The deadline to file the income tax returns (ITR) for the assessment year 2023-24 ends today. As per the latest update, over 6 crore ITRs had been filed till 6:30 PM on July 30.
-
ITR Filing: How to Check IT Return Status Online
The deadline to file ITR (Income Tax Return) without any late fee is approaching closer. The last date to file ITR for assessment year 2023-24 is July 31. So far, the Income Tax Department has not announced any extension in the last date for filing ITR. One can easily file ITR online using a few simple steps. Once the ITR is filed, all taxpayers a...
-
ITR Filing Deadline Is Here: How to File Income Tax Return Online in Simple Steps
ITR (Income Tax Return) filing deadline for the assessment year 2023-24 is July 31. With the last date just around the corner, a lot of taxpayers are rushing to file their returns. The Income Tax department has not announced any extension on the last date for filing the ITR, hence leaving taxpayers with less than five days to complete the process.
