Income Tax department launches campaign to help taxpayers report overseas income for AY 2024-25
The Indian tax authorities have launched a campaign to remind taxpayers to disclose overseas income and assets in their tax ...
The Asian Age4h
Govt to exceed FY25 direct tax collection target: CBDT chief
The Central Board of Direct Taxes (CBDT) said that the field of tax payer services in the I-T department has become very ...
Income tax department warns: ‘Declare foreign assets or pay ₹10 lakh penalty’
The I-T dept launched a compliance campaign urging taxpayers to report foreign assets in their AY25 returns, noting that ...
Reuters13h
Fact Check: Fox News did not report California governor planned to withhold federal tax
Fox News did not report that California Governor Gavin Newsom announced plans to withhold hundreds of billions of dollars in ...
Centre hopes surpass direct tax target of Rs 22 lakh cr in current fiscal: CBDT Chairman
Centre hopes to surpass the direct tax target of Rs 22 lakh crore in the current fiscal year 2024-25, Central Board of Direct ...
MediaNama11d
Income Tax Department knocks on Truecaller’s door, reports site concern with transfer pricing policies
The probe reportedly centers on Truecaller’s transfer pricing practices—a framework for pricing transactions within ...
abp LIVE12d
Tax Department Receives Thousands Of Proposals For Income Tax Act Review
The meeting was attended by Revenue Secretary Sanjay Malhotra, CBDT Chairman Ravi Agarwal, and other senior officials from ...
cnbctv185d
Legal Digest | Why Income Tax department cannot look into the same matter by invoking another section
The High Court rightly rapped the Income Tax department on its knuckles for not accepting the CIT revisionary order with ...
Tax Guru1d
High-Pitched Assessments in Income-Tax Cause Injustice
The article raises several questions about the fairness and efficiency of the Income-Tax Act, administration, and assessing officers, urging a review to ensure the system aligns with the intended ...
Income Tax Department Collects 6,500 Suggestions for Comprehensive Review of Income Tax Act
The Income Tax Department has gathered 6,500 suggestions from stakeholders for the review of the Income Tax Act, reflecting ...
Mississippi governor intent on income tax cut even if states receive less federal money
Mississippi Republican Gov. Tate Reeves says he will push lawmakers to phase out the state income tax, even if federal ...