it department

The deadline to file your ITR for the financial year 2022-2023 is July 31.The IT Department has implemented a software solution to detect fake documents in ITR filings. The Income Tax (IT) department has upped its efforts to combat…

Micro-influencers in India with 10,000–50,000 followers get paid between Rs 5,000 to 30,000 for each post.The influencer filed 3.5 lakh annual income despite receiving over 30 lakh In the era of social media and globetrotting…

ইউটিউব থেকে অতিরিক্ত আয়! কেরালায় এবার জনপ্রিয় ইউটিউবারদের বাড়িতে হানা দিল আয়কর দফতর। জানা যাচ্ছে, মোট ৯ জন ইউটিউবারের বাড়িতে তল্লাশি চালিয়েছে আয়কর দফতর। একইভাবে তল্লাশি চালানো হয়েছে কেরালার জনপ্রিয় অভিনেতা পার্লে মানির বাড়িতেও।…

Representational image only. | Photo Credit: Twitter/@IncomeTaxIndia The Income Tax Department has notified the Cost Inflation Index for the current fiscal beginning April 2023, for calculating long-term capital gains arising from sale of…

The Income Tax Department in India has been implementing various measures to improve tax compliance and simplify tax administration. The Income Tax Department is responsible for collecting income tax, corporate tax, and other direct taxes…

Last Updated: February 21, 2023, 12:10 ISTFurther IT personnel has the power to ask the bank to submit their income details for verification.The rise in internet penetration and social media pages of the tax evaders give income tax…

Last Updated: January 18, 2023, 17:16 ISTReportedly, form 26AS has been amended by the IT department to include high-value transactions.A large transaction will be easily visible to the IT department, and they might take action.Every bank…

Photo used for representational purpose only. File | Photo Credit: Freepik December 31, 2022, will be the last date for filing belated Income Tax returns for the financial year ended 31.3.2022 (assessment year 2022-23). Post December 31,…

<!-- -->Avoid using cash and instead pay through banking channelsTo prevent tax evasion, the income tax department has decided to keep an eye on cash transactions in hospitals, banquet halls, and businesses. As per the Income Tax…

Today is the last day to submit tax returns. However, as today is Sunday, banks will be closed, while heavy load is expected on the IT department's e-filing portal. In a major relief for those who are yet to submit their income tax returns…