Income of thousands, hit with tax notice for crores!

A man earning Rs 15,000 salary got an income tax notice of Rs 33.88 crore, another making Rs 8,500 was slapped with a notice of Rs 3.87 crore and a third Rs 7.79 crore. IMAGE: Kindly note that......

Want To Donate To A Political Party? Read This!

Avoid donating without checking the receipt proforma showing the political party's ECI registration number and PAN. Kindly note this illustration generated using Microsoft Copilot is only posted......

Shinde Sena minister Shirsat gets tax notice over asset jump

Maharashtra Minister for Social Justice Sanjay Shirsat on Thursday said he has received a notice from the Income Tax department seeking an explanation of the increase in his assets between the 2019......

Rs 3,500 cr income tax notices: Cong gets SC relief

In a relief for the Congress, the Income Tax department on Monday told the Supreme Court that it will not take any coercive action against the opposition party for tax demand notices of Rs 3,500......

Key changes in the new Income Tax Bill

The new Income Tax Bill, passed by Lok Sabha on Monday, has retained the provisions regarding ITR filing for TDS claims and tax exemptions for anonymous donations made to all......

285 Tweaks Proposed to Income Tax Bill

'The government, if it deems fit, will incorporate the changes in the Bill, take approval from the Cabinet before moving the bill for consideration and passage in the Lok Sabha.' Illustration:......

Now you can help in drafting Income-Tax rules

Central Board of Direct Taxes on Tuesday said stakeholders can send their inputs for drafting Income-tax rules and related forms pertaining to the proposed Income Tax Bill, 2025. Illustration:......

Missed Sept 16? You Can Still File Tax Returns

Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy StockSnap/Pixabay.com   People who missed Tuesday's extended deadline to file income tax......

Shami gets SC notice on wife's plea for higher maintenance

The petition points out that Shami's annual income, as disclosed in his Income Tax Return for 2021-22, stood at nearly Rs 48 crore, while she has been forced to live in "downtrodden conditions",......