Income tax department wrongly imposing late filing penalty despite filing ITR in time, several processing errors ...

The FAQs released by the income tax department allow PAN card holders to update their addresses online for free if they have ...

A government agency that undertakes the direct collection of tax in India is the Income Tax Department. All operations of the department are handled by the Central Board for Direct Taxes (CBDT).

Whether you are an individual, a business owner, or part of a government office, this December 2024 tax calendar outlines key ...

Karnataka High Court issued a judgment in favor of IBM India Private Limited, directing the Income Tax Department to refund a total amount of Rs.154,08,41,927 with applicable interest. This refund ...

Existing PAN cardholders need not worry about reapplying under this new scheme. Union Minister Ashwini Vaishnaw confirmed ...

The consistent increase in the number of individuals filing their income tax returns reflects an expanding tax base and ...

How many chapters are present in the Income Tax Act 1961? 23 chapters are present in the Income Tax Act 1961. When was the Income Tax Act established in India and by who? The Income Tax Act was ...

As per section 194N of the Act, TDS is required to be deducted when an individual withdraws a sum exceeding Rs 20 lakh in ...

The Ministry of Finance has said: " The existing PAN card holders are not required to apply for a new PAN under the upgraded ...

The Central Bureau of Investigation (CBI) conducted a raid at the Income Tax Department office in Silchar. During the ...