 | CBDT asks tax officers to not issue reassessment notices for 3 years till FY15Central Board of Direct Taxes (CBDT) asked tax officers to give taxpayers two weeks' time to respond to such notices, which can be further extended at taxpayers' request in genuine cases. |
 | The unease of doing business in India amid raid RajAll the talk about Ease of Doing Business has come to be seen as a farce as the government’s raid raj is rearing its head again. |
 | Daily wager gets IT department notice for tax evasionIdentity of many others forged by miscreants to commit GST fraud |
 | Now is time to relook at your tax planningChanges in tax laws, income/expenses and salary structure are reasons you must review your tax plans every year |
 | Company does not die upon amalgamation, transferee firm can be fastened with I-T liability: SCThe bench dealt with the concept of amalgamation in its judgement and said it was unlike the winding up of a corporate entity. |
 | Taxpayers will need to disclose Interest on PF account in Income Tax ReturnThe taxpayers will have to make additional disclosures in the Income Tax Return (ITR) forms as the government on Friday notified the ITR form 1-6. |
 | I-T dept claims Hero Motocorp made bogus expenses of Rs 900 croreExpenditure aggregating to more than Rs 800 crore has been booked in the guise of purchase of services from a specific event management entity. |
 | I-T department detects multiple irregularities after raids on Hero Motocorp, othersThe raids were launched on March 23, and the country's largest two-wheeler maker had then said it was extending full cooperation to the tax authorities. |
 | PAN to become inoperative after March 2023 if not linked to AadhaarCBDT, which is the apex decision making body on direct taxes, has extended the deadline for linking PAN with Aadhaar many times and the last date now is March 31, 2022. |
 | Hero MotoCorp denies Income Tax report of Rs 1000 crore bogus expensesA large number of incriminating evidence is reported to have been seized by the I-T Dept during search operations. |
 | Income Tax department raids Hero Motorcorp, chairman Pawan Munjal's premisesOffices and residential premises of the promoters including chairman and CEO of the group Pawan Munjal in Gurugram, Haryana, Delhi and few other locations are being covered. |
 | I-T dept detects cash transactions of Rs 3000 crore after raids on Omaxe groupThe search action covered more than 45 premises in Delhi NCR, Chandigarh, Ludhiana, Lucknow and Indore. |
 | Income Tax department searches Hiranandani group premises; question of 'undisclosed foreign assets'The income tax department has confirmed that raids were being conducted at the premises of Hiranandani, but refused to give more details about it. |
 | Crypto mining cost not to be allowed as deduction under I-T Act: FinMinIn a written reply to the Lok Sabha, Chaudhary said the government will come out with a definition of virtual digital assets (VDA) with a view to levy 30 per cent tax on income from the transfer of su |
 | Working to improve tax literacy in country for widening taxpayer net: CBDT chairman JB MohapatraThe CBDT chief was asked about the steps being taken by the taxman to widen and deepen the tax base in the country given that the department recorded its highest-ever direct tax collections. |
