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GST Evasion Crackdown: Income Tax Dept Seizes Tobacco-Laden Truck Worth ₹1 Crore in Assam

Kavi Priya

The Income Tax Department has seized a truck loaded with tobacco products (gutkha) worth over Rs. 1 crore during a special raid conducted in...

Income Tax Dept Releases Updated ITR-2 Utility Excel for Individuals and HUFs Without Business or...

Insufficiency of Sentence: Karnataka HC directs Income Tax Dept to approach Sessions Court u/s...

Supreme Court issues Notice on Condonation Application of Delayed SLP Filing by Income Tax Dept...

Penalty of Rs 49 Crores for Unscrupulous Transactions: Income Tax Dept issues Notice to Tea seller

Illegal PAN for Bogus HRA Claims: Income Tax Dept to Take Action against Employees

The Income Tax Department has uncovered a fraudulent scheme involving the misuse of Permanent Account Numbers (PANs) to falsely claim Housing Rent Allowance (HRA). This discovery has revealed around...

Illegal PAN fHRA Claims- Income Tax Dept - Employees - TAXSCAN

e-Verification Scheme Update: Income tax Dept issues Instructions to AOs w.r.t. Proceedings u/s 147 of IT Act [Read Notification]

The Directorate of Income Tax (Systems) has recently issued e-Verification Instruction No. 2 (i) of 2024 on March 19, 2024, directing Assessing Officers (AO’s) to take action under section 147 of the...

TDS Rate Chart Released by Income Tax Dept for F.Y. 2024-25: Don't Miss Out!

The Income Tax Department has released the Tax Deduction at Source ( TDS ) rate chart for the Financial Year 2024-25. TDS system where tax is deducted by the payer at the time of making specified...

TDS Rate Chart - TDS - TDS Rate - Income Tax Dept - taxscan

Operation Mahakal: 6 Day Search by Income Tax Dept at Noida uncovers Rs. 1500 Cr Unaccounted Cash

Income Tax Department Launches Operation 'Mahakal' Against Noida-Based Construction Groups The Income Tax (I-T) department has mobilized 40 teams, comprising a total of 250 officials, to execute...

Applicability of Sub-Section 115JB of Income Tax Act on Banking Company: SC condones Delay in SLP filed by Income Tax Dept [Read Order]

The Supreme Court condoned the delay in the special leave petition filed by the Income Tax Department in the matter arising from the ruling regarding the applicability of sub-section 115JB of the...

Income Tax Dept to put TDS Return Mismatches under Scrutiny

The Income Tax Department is meticulously examining discrepancies in Tax Deducted at Source (TDS) by companies and corresponding declarations by employees in annual income tax returns. This involves...

Income Tax Dept - TDS Return - Scrutiny - Income Tax Dept to put TDS Return - TDS Return Mismatches under Scrutiny - taxscan

Relief to Adani Power: SC dismissed SLP filed by Income Tax Dept [Read Order]

In a major relief to Adani Power Maharashtra Limited, the Supreme Court dismissed the special leave petition (SLP) filed by the Income Tax Department. The SLP arose out of impugned final judgment...

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