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

Delhi High Court held that review petition partake the character of pending proceedings and hence the gets covered under ...

Hyderabad: The income-tax department has collected Rs 66,267 crore in taxes in Telangana and Andhra Pradesh as on December 2 ...

TOPEKA – The State of Kansas ends November 2024 with total tax collections at $675.5 million. That is $25.4 million, or 3.6%, ...

Resident analyst dissects effects of state’s tax structure, federal tax cuts, COVID, investment income and remote work on ...

Tax collections in West Virginia are tacking close to revenue estimates for the first five months of fiscal year 2025 thanks ...

Income Tax Department raids Soubin Shahir's Parava Films over alleged tax evasion and financial irregularities following a ...

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

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 ...

Large cash transactions, particularly those exceeding specified thresholds, can attract attention from the Income Tax Department. While these regulations are designed to uphold the integrity of the ...

The new system offers a unified portal for all PAN-related tasks. It includes enhanced PAN cards with QR codes for better ...