Hyderabad: Rs 2.87 lakh seized on Sunday

[ad_1]   While eight complaints were received regarding cash and other items expected to be used for elections, FIRs were registered against six people. A total of 25 licensed weapons have also been deposited. Published Date - 15 April 2024,...

Angel Tax valuation method ‘solely’ assessee’s choice, says Delhi HC

[ad_1] The Delhi High Court has upheld that taxpayers can choose an option for Angel Tax valuation. However, the Income Tax Department can go for independent Fair Market Value (FMV) determination. Experts feel that the method adopted by the department...

Why is the Congress facing a Rs 3,567-crore demand from the Income Tax department?

[ad_1] Why is the Congress facing a Rs 3,567.33-crore demand from the authorities, even though it is commonly understood that political parties are exempt from paying income tax?Since the beginning of this year, the Congress has received several income tax...

Infosys receives tax demand of ₹341 crore 

[ad_1] IT major Infosys has received a tax demand of ₹341 crore from the Income Tax Department for the assessment year 2020-21.“The company is in the process of evaluating the implications of this order on the financial statements for the...

Infosys to receive ₹6,329 crore tax refund from I-T dept

[ad_1] Infosys Ltd has said that it expects a refund of ₹6,329 crore from the Income Tax Department. It also informed the stock exchanges about tax demand to the tune of ₹2,763 crore, citing various assessment orders.The company said said...

Communist Party of India gets income tax notice for using old PAN cards to file returns

[ad_1] The Communist Party of India has been served a notice by the Income Tax Department for procedural violations after two of its state units were found to be using old Permanent Account Number, or PAN, cards to file their...

Google Ireland not to pay tax on ₹8,600 crore received from Google India, rules ITAT

[ad_1] Google Ireland (GIL) will not have to pay tax on over ₹8,600 crore received from Google India (GIPL), the Income Tax Appellate Tribunal (ITAT) has ruled.The payment was made during fiscal year 2012-13 to 2015-16 (assessment Year 2013-14 to...

Google Ireland exempted from tax on ₹8,600 crore received from India unit

[ad_1] Google Ireland (GIL) will not have to pay tax on over ₹8,600 crore received from Google India (GIPL), the Income Tax Appellate Tribunal (ITAT) has ruled. The payment was made during fiscal year 2012-13 to 2015-16 (assessment Year 2013-14...

Google Ireland exempted from tax on ₹8,600 crore received from India unit

[ad_1] Google Ireland (GIL) will not have to pay tax on over ₹8,600 crore received from Google India (GIPL), the Income Tax Appellate Tribunal (ITAT) has ruled.The payment was made during fiscal year 2012-13 to 2015-16 (assessment Year 2013-14 to...

Income Tax Dept sets high-risk value assessment guidelines for updated ITRs, AY 2021-22 filing deadline March 31

[ad_1] The Income Tax Department has finalized guidelines for assessing or re-assessing of high-risk value in updated Income Tax Returns filed for Assessment Year 2020-21 (Fiscal Year 2019-20). Meanwhile, the last date to file an updated Income Tax Return for...
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