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Parliamentary Panel Reviews New I-T Bill, Pushes For Key Recommendations

Parliamentary Panel Reviews New I-T Bill, Pushes For Key...

Meanwhile, the panel, headed by BJP’s senior member Baijayant Panda, also tabled its report with new suggestions in the...

22 July 2025 1:07 AM IST

KMC: Property tax surges, water charge collections lag

KMC: Property tax surges, water charge collections lag

Municipal commissioner S. Ravindra Babu and manager N. Chinnaramudu expressed their gratitude to taxpayers who complied,...

3 April 2025 10:07 PM IST

Taxpayers incensed over civic body’s warnings on payment backlogs

Taxpayers incensed over civic body’s warnings on payment backlogs

With the civic body warning of property seizures and municipal service cuts against those who default on tax payments,...

20 March 2025 1:24 AM IST

Elon Musk creates confusion about IRS Direct File, free tax program still available

Elon Musk creates confusion about IRS' Direct File, free tax program...

While Musk’s tweet may have intimated that the group of workers had been eliminated, an individual with knowledge of the...

4 Feb 2025 9:39 AM IST

Reverse charge will increase burden on taxpayers

Reverse charge will increase burden on taxpayers

Hyderabad:The reverse charge mechanism, which will plug loopholes in the administration of the Goods and Services Tax...

5 Dec 2024 1:08 AM IST

Failure to disclose foreign assets, income to invite Rs 10L penalty

Failure to disclose foreign assets, income to invite Rs 10L penalty

New Delhi: The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income...

17 Nov 2024 12:36 PM IST

Between mid-April and January, the Income Tax department has issued a record Rs 65,000 crore worth refunds.

CBDT allows tax officials to waive or reduce interest due from...

New Delhi: The income tax department has allowed tax officials to either waive or reduce interest payable by a taxpayer,...

5 Nov 2024 1:55 PM IST

Income tax department expects taxpayers to file correct returns. (Photo: PTI).

CBDT forms committee for I-T Act review; 'sunset' clauses to be...

New Delhi: An internal committee of the Income Tax Department will review the 1961 direct tax law to eliminate redundant...

22 Aug 2024 1:46 PM IST

Between mid-April and January, the Income Tax department has issued a record Rs 65,000 crore worth refunds.

Unscientific Distribution of Work Affects SGST Collections

Hyderabad: The commercial tax department has many reasons to worry about, if one goes by lacklustre...

19 Aug 2024 11:30 PM IST

Sitharaman proposes amendments to LTCG tax provision on immovable properties

Sitharaman proposes amendments to LTCG tax provision on immovable...

New Delhi: Union finance minister Nirmala Sitharaman announced on Wednesday that the long-term capital gains (LTCG) tax...

7 Aug 2024 6:35 PM IST

After the scheme closes, the Income Tax Department will go ahead with tax demands and pursue legal course including arbitration.

Record 7.28 crore ITRs filed for AY 2024-25

New Delhi: The income tax department under ministry of finance on Friday said that more than 7.28 crore income tax...

2 Aug 2024 4:14 PM IST