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Income Tax Filing

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Realty firm chairman C J Roy dies by suicide amid I-T action

C J Roy, founder and chairman of real estate firm Confident Group, shot himself dead on Friday afternoon, Bengaluru Police Commissioner Seemant Kumar Singh said. IMAGE: Investigation underway at......

SC seeks Centre's response on plea against anonymous political donations

The Supreme Court on Monday sought responses from the Centre and others on a plea which challenged the validity of a provision of the Income Tax Act that allows political parties to receive......

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......

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......

1 killed in Delhi income tax office blaze; officials say no data loss in fire

A 46-year-old income tax officer died while six people were rescued after a massive fire broke out at the Income Tax CR Building at ITO in central Delhi Tuesday afternoon, the police said. IMAGE:......

Why Income Tax Cases Drag On For Decades

'Repeated adjournments are one of the largest contributors to lengthy litigation cycles.' Kindly note this illustration generated using Microsoft Copilot is only posted for representational......

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:......

Revised ITR deadline extended with penalty in Budget 2026

Finance Minister Nirmala Sitharaman on Sunday proposed to increase time limit for filing revised income tax (I-T) return from December 31 to March 31, on payment of nominal fee. Illustration:......

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",......

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