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Income Tax News

PAGE 9

No long weekend for Income Tax department, all offices open from March 29-31

The Central Board of Direct Taxes issued this directive to ensure administrative convenience, it said.

Published on Mar 20, 2024, 11:18 AM IST

IT dept raids Meghana Foods eateries in Bengaluru: Report

Meghana Foods is one of the city's top restaurants to get Biriyani.

Updated on Mar 19, 2024, 10:50 AM IST

Income tax : Advance tax last instalment deadline ends today. Details here

Income Tax: Individuals and businesses should pay income tax in advance through periodic installments.

Published on Mar 15, 2024, 10:20 AM IST

Delhi HC dismisses Congress’s plea for staying IT recovery notice

The court said it found no grounds to interfere. (Getty Images/iStockphoto)

Published on Mar 13, 2024, 3:13 PM IST

No tax relief, Delhi HC dismisses Cong's plea against recovery of ₹105 crore

The main bank accounts of the Congress were frozen by the income tax department in February for tax default.

Updated on Mar 13, 2024, 3:04 PM IST

Zerodha's Nithin Kamath is urging everyone to file advance taxes using this

Zerodha CEO Nithin Kamath urged traders to file taxes on time with a quick guide.

Published on Mar 13, 2024, 9:12 AM IST

Deadline to file updated ITR FY20-21 ends on March 31: Details on additional tax

Updated ITR: If taxpayers have missed filing ITR for FY2020-21, they can do so till March 31.

Published on Mar 12, 2024, 3:00 PM IST

Income Tax department on error after advance tax notices: ‘Wait for updates’

Advance tax returns: The Income Tax department launched an e-campaign on March 10 to intimate tax-payers.

Published on Mar 12, 2024, 1:03 PM IST

Taxpayers to get pending refunds for FY2020-21 by April 30. Check your email

Income tax refunds: The Income-Tax department issues an intimation notice under Section 143(1) of Income-tax Act, 1961.

Published on Mar 12, 2024, 12:26 PM IST

Delhi woman gets 6 months jail for failing to file ITR on ₹2 crore income

The court noted that the complainant was able to prove beyond reasonable doubt that notices were issued to the accused.

Published on Mar 12, 2024, 9:19 AM IST

Advance tax: You need to pay advance income tax by this date to avoid penalties

Advance Income Tax: The last date for paying fourth instalment of advance tax this financial year is March 15.

Updated on Mar 12, 2024, 12:09 AM IST

Income mismatch in ITR: How you can fix it, details here

Income mismatch in ITR: Mismatches can result in an income tax notice.

Published on Mar 11, 2024, 9:48 AM IST

I-T dept informs taxpayers on certain transactions this fiscal. What it means?

The I-T department identified such persons or entities where the taxes paid is not ‘commensurate’ with the financial transactions

Updated on Mar 10, 2024, 4:38 PM IST

Income Tax tribunal dismisses Cong's plea to stop action against bank accounts

The income tax department alleged that Congress did not pay taxes in the tune of <span class='webrupee'>₹</span>210 crore.

Updated on Mar 8, 2024, 6:21 PM IST

Monthly benefit to women in ₹76,000-crore Delhi budget

Delhi chief minister Arvind Kejriwal and state finance minister Atishi on Monday. (Raj K Raj/HT Photo)

Updated on Mar 5, 2024, 5:36 AM IST

'Does BJP pay?': Income Tax department deducts ₹65 crore from Cong accounts

Congress treasurer Ajay Maken questioned why the Congress is facing the IT demand of <span class='webrupee'>₹</span>210 crore. (PTI)

Updated on Feb 22, 2024, 6:15 AM IST

Evening briefing: Congress' claim on I-T dept withdrawing ₹65 crore, and more

Congress leader and AICC treasurer Ajay Maken (Twitter Photo)

Published on Feb 21, 2024, 6:21 PM IST

Income tax searches conducted at builders’ offices in Mohali

Income tax officials conducted searches at multiple real estate offices in Mohali. (HT)

Updated on Feb 15, 2024, 9:56 AM IST

H1-B income tax: Here's how to file your taxes and what documents are required

To avoid fines, don't forget to file your taxes before the IRS deadline, which is typically April 15.

Updated on Feb 7, 2024, 6:38 PM IST

How to maximise US tax refund in 2024?

FILE- Internal Revenue Service taxes forms are seen on Feb. 13, 2019. If you have unpaid or unfiled taxes, the start of a new tax season and the looming reminders of debt might fill you with dread. But it’s best to take care of back taxes sooner rather than later: The longer you put off the task, the more you’ll pay in interest and penalties. Even if you can’t pay in full, you can still take meaningful steps toward addressing the debt. To handle your overdue taxes, read any tax notices you’ve received, set up a payment plan, contact a professional for complicated situations and remember to file a return for the current year. (AP Photo/Keith Srakocic, File)

Published on Feb 7, 2024, 5:07 PM IST

Govt sends 4.4 mn targeted mails to income taxpayers over large discrepancies

The email were sent over the tax returns filed during the 2023-24 assessment year. (HT Archive)

Updated on Feb 6, 2024, 1:57 PM IST

US Tax refund calendar 2024: How soon can Americans expect their refund

FILE - A sign outside the Internal Revenue Service building is seen, May 4, 2021, in Washington. As tax filing season officially starts Monday, Jan. 29, 2024, a limited number of taxpayers in 12 states will soon be eligible for a program that will allow them to calculate and submit their returns directly to the IRS without having to pay for commercial tax preparation software. The Direct File pilot program is set to be rolled out in phases. (AP Photo/Patrick Semansky, File)

Published on Feb 4, 2024, 4:10 PM IST

CBDT notifies new ITR forms for Assessment Year 2024-25. Which one is for you?

(Representative Image)

Published on Feb 4, 2024, 11:24 AM IST

Terms of Trade | Modinomics, beyond the budget

Finance minister Nirmala Sitharaman leaves the finance ministry ahead of the presentation of the interim budget in Parliament. (Sanchit Khanna/HT)

Published on Feb 2, 2024, 4:06 PM IST

Interim budget 2024-25: Amnesty for small disputes relief to income-tax payers

The interim budget decided to maintain status quo on both direct and indirect tax rates

Updated on Feb 2, 2024, 4:46 AM IST

How much average processing time of ITR reduced in 10 years? Sitharaman reveals

Union Finance Minister Nirmala Sitharaman presents the Interim Budget 2024 in the Lok Sabha, at Parliament House in New Delhi, Thursday, Feb. 1, 2024.

Updated on Feb 1, 2024, 5:03 PM IST

Netherlands asks its King to pay tax: Why Queen Elizabeth would have loved this

King Willem-Alexander and Queen Maxima arrive at the Royal Palace for the traditional New Year's reception in Amsterdam.

Published on Jan 19, 2024, 9:48 PM IST

Union Budget 2024: Income tax rebate unlikely to rise in interim budget

Nirmala Sitharaman will present the interim budget on February 1 (Hindustan Times)

Published on Jan 9, 2024, 2:13 PM IST

What changes await in 2024? Exploring the latest IRS tax bracket adjustments

IRS recalibrates tax brackets for 2023, with the top bracket set at 37% for income over $578,125 for singles and $693,750 for married couples filing jointly.

Published on Jan 8, 2024, 9:04 PM IST

Budget 2024: What are direct taxes? Types and significance

Examples of direct taxes include income tax, real property tax, personal property tax, and taxes on assets. (Representational Image)

Published on Jan 7, 2024, 11:03 PM IST

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