A/c poached? Madhya Pradesh egg seller gets I-T letter on Rs 50 crore 'deals'
A small-time egg seller in Madhya Pradesh received an Income Tax notice demanding clarification on nearly Rs 50 crore ...
Tax Guru19h
Refund based on order passed cannot be unjustifiably adjusted against subsequent year demand
Gujarat High Court held that refund entitled to assessee on the basis of order passed by CIT (A) cannot be unjustifiably adjusted against subsequent year’s demand. Accordingly, AO directed to credit ...
O Heraldo2d
Technology and willpower transform I-T assessment to a faceless wonder
Till the late nineties, each and every case of taxpayers were scrutinised for assessment. For this, on the appointed date, he ...
Here’s a look at Income Tax changes impacting homebuyers from April 1
The proposed amendment in the Budget 2025 lowers the TDS threshold for rental income from ₹2,40,000 per year to ₹50,000 per ...
Centre fixing tax demand errors faced by Goans under Portuguese code
Panaji: Union finance minister Nirmala Sitharaman said on Wednesday that there has been a 470% increase over four years in ...
Tax Guru9d
Interest & Late Fee Applicable for Non-Deduction of TDS on BDA Site Allotment: Karnataka HC
Karnataka High Court held that interest under section 201 of the Income Tax Act and late filing fee under section 234E leviable for non-deduction of TDS from sale consideration paid to Bengaluru ...
'Harassed for being honest?': Bengaluru techie claims Income Tax officer slapped crores in penalty despite 'clear records'
The user claims to have diligently filed income tax returns and paid taxes on both salary and capital gains, only to face a hefty penalty due to alleged misinterpretation of their mutual fund transact ...
The New Indian Express16d
Suspecting tax evasion, I-T teams raid Sri Chaitanya office, colleges
HYDERABAD: Income Tax officials on Monday carried out searches at the corporate office and branches of ... Vijayawada, Chennai, Bengaluru and Mumbai. As many as 30 teams of I-T sleuths descended ...
moneycontrol.com17d
Bengaluru's Electronics City Metro to be operational by May 2025
Bengaluru Metro's long-pending Yellow Line, stretching between RV Road and Bommasandra, connecting with tech hub Electronics City will be operational by May 2025. "The Yellow Line (19.1 km) from ...