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Income Tax tightens Scrutiny on Big Spenders: Here's How to Avoid Notices on High Value Transactions

Manu Sharma

As the income tax return (ITR) filing season for FY 2024-25 gets underway, the Income Tax Department has ramped up its surveillance on individuals...

Mutual Fund Investments Are Neither Trading Nor Service, But Non-Taxable Financial Activities:...

RBI Revises ATM Withdrawal Charges Effective May 2025: Here’s What You Should Know

ITAT dismisses Appeals, Sustains Additions for Unexplained items Found During Search, Citing...

Retired Pune GST Officer and Wife Jailed for Possessing Unaccounted Assets Worth Rs 1.2 Crore

MBA Vacancy in ABB

The ABB invited applications for the post Finance Analyst. Qualifications You are immersed engaged in highly skilled and enjoy working with R2R,SAP the shared services/manufacturing market ...

CA Vacancy in Phonepe

The Phonepe invited applications for the post Executive, Accounts Receivables (Contract). Qualification Graduate / CA Inter 2. Experience - 2 to 3 years Preferred Candidates: Good...

Restriction on Disbursements of Loans in Cash: RBI directs NBFCs to Limit Loan Amount to Rs. 20,000

The Reserve Bank of India ( RBI ), India's central bank, is taking a stricter stance on cash transactions involving Non-Banking Financial Companies (NBFCs). In a recent move, the RBI reportedly...

Restriction - Disbursements of Loans - Cash - RBI - NBFCs to Limit Loan Amount - taxscan

ITR-U Alert: Income Tax Dept urges Taxpayers to File updated ITRs by March 31, 2024

As part of promoting voluntary compliance through e-verification scheme, 2021, the income tax department has urged the taxpayers to review the Annual Information Statement and update the Income Tax...

Ahmedabad Court hands down 3-Year Sentence to Income Tax Officer and Inspector booked for Demanding and Accepting Bribe for Settling Income Tax Returns

Ahmedabad CBI Special Judge Court and Madurai Chief Judicial Magistrate have pronounced three years' Rigorous Imprisonment ( RI ) and imposed a combined fine of Rs. 1.70 lakh in two separate cases...

Income Tax - Income Tax Returns - Income Tax Officer - Ahmedabad Court - Bribery case - Income Tax Officer corruption - taxscan

IMPS Transfers using Mobile Number to be enabled by NPCI from Feb 1

In a significant move towards simplifying and enhancing the Instant Mobile Payment System (IMPS), the National Payments Corporation of India (NPCI) has issued a directive to its member banks. This...

IMPS - NPCI - Mobile Payment System - TAXSCAN

Real Threat of AI and Technological Advancement in Economic Offences

In today’s digital era, the rise of artificial intelligence (AI) has brought wide scope and possibilities along with unprecedented threats to economic crime. AI can be a powerful tool in combating...