Tax Assessment
- All
- News
- Videos
- Web Stories
-
Reader Friendly, Tables For Calculation Among Key Features Of New Income Tax Bill
The simplified Income Tax Bill 2025, which brings in the concept of 'tax year' and abolishes the archaic and complicated terms 'previous' and 'assessment years', is likely to be introduced in Parliament on Thursday.
-
Budget 2025: Nirmala Sitharaman Says Will Introduce New Income Tax Bill Next Week
A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said Saturday as she presented the Union Budget 2025.
-
Opinion | Why Over Half Of All Income Tax Filings In India Are Zero-Tax
In terms of value, 84% of corporate filers contributed almost nothing to the total corporate tax collections of Rs. 7.16 lakh crore in the assessment year 2023-24.
-
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.
-
Reader Friendly, Tables For Calculation Among Key Features Of New Income Tax Bill
The simplified Income Tax Bill 2025, which brings in the concept of 'tax year' and abolishes the archaic and complicated terms 'previous' and 'assessment years', is likely to be introduced in Parliament on Thursday.
-
Budget 2025: Nirmala Sitharaman Says Will Introduce New Income Tax Bill Next Week
A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said Saturday as she presented the Union Budget 2025.
-
Opinion | Why Over Half Of All Income Tax Filings In India Are Zero-Tax
In terms of value, 84% of corporate filers contributed almost nothing to the total corporate tax collections of Rs. 7.16 lakh crore in the assessment year 2023-24.
-
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.
