Tag: IT department

The Income Tax Department processed 73.71% of all verified income tax returns (ITRs) as of August 22, 2024 (Pexels)
Posted in Business

26% of income tax returns are yet to be processed, is your ITR among them? Find out why

Aug 23, 2024 02:39 PM IST The 20 days it took for the IT department to process more than 70% of ITRs is however, much…

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The Income Tax Department (IT) has cautioned taxpayers in an advisory to be vary of online scams from fake calls and pop-up notifications which say that they can avail tax refunds. (Representative Image/Pexels)
Posted in Business

ITR refund scam: Income Tax department warns taxpayers of fraudulent emails and messages

The Income Tax Department (IT) has cautioned taxpayers in an advisory to be vary of online scams from fake calls and pop-up notifications which say…

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Shree Cement is yet to issue a statement on the allegations.
Posted in Business

Shree Cement shares slump after report of $2.81 billion tax evasion

India’s Shree Cement fell on Monday, after NDTV reported on Saturday that tax evasion amounting to 230 billion rupees ($2.81 billion) was found in searches…

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I-T dept to soon notify modified valuation rules, investor classes for taxing foreign investments in unlisted cos
Posted in Economy

I-T dept to soon notify modified valuation rules, investor classes for taxing foreign investments in unlisted cos

The Income Tax Department will soon notify rules specifying the class of investors and norm of valuation for implementation of the Budget provision of taxing…

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Income Tax Department: IT department launches mobile App for taxpayers to view and correct AIS
Posted in Economy

Income Tax Department: IT department launches mobile App for taxpayers to view and correct AIS

The Income Tax Department has launched a Mobile app where taxpayers can view and can request to correct any discrepancy in the Annual Information Statement…

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