Tag: assessment year 2025-26
Posted in Economy
Income Tax dept identifies cases of non-disclosure of foreign assets in ITRs, to start sending SMS/emails
The Income Tax department on Thursday said it has identified “high-risk” cases where individuals have not reported foreign assets in the income tax returns (ITRs)…
Posted in Economy
CBDT retains tolerance level of transfer pricing at 1% for AY 2025-26
The Central Board of Direct Taxes (CBDT) has retained the tolerance range for transfer pricing at 1% for wholesale trading and 3% for other transactions…