Income tax
Income Tax: Rise in suspicious refund claims ring alarm bells! What I-T department is planning to nail fraudsters
Wed, Feb 13, 2019
The Income Tax department has initiated scrutiny of as many as 20,874 refund claims for 2018-19 and action will be taken against persons found to be involved in any malpractices.
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Income tax refund claims: Beware, crackdown launched
Wed, Feb 13, 2019
Income tax refund claims: Suspicious income tax refund claims have gone up in last three years and scrutiny assessments have been initiated against taxpayers claiming high refunds inconsistent with the pattern of income and investments, Parliament was informed Tuesday.
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Income-Tax dept, in major black money crackdown, detects Rs 18,000 cr bogus billing scam
Tue, Feb 12, 2019
In a major crackdown on black money and hawala transactions, the Income Tax (IT) Department has detected Rs 18,000 crore bogus billings in the national capital, officials said on Monday.
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Income Tax Return (ITR) filing: Did you not file? Know exactly how much penalty you will have to pay
Sat, Feb 09, 2019
Income tax return filing consists of a form that needs to be filled properly and honestly. However, if an ITR is not filed then you are in trouble as the Income Tax department will impose various penalties on you.
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Income Tax payers, filers alert! The cost for undisclosed income - Why you should file ITR honestly
Fri, Feb 08, 2019
In FY18, there was 20% surge in undisclosed income to nearly Rs 10,767 crore. In fact, the income tax department has carried out various investigations to look into this serious matter.
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Income Tax payer? Alert! Your PAN card might be cancelled if you fail to do this
Fri, Feb 08, 2019
The Supreme Court has made it mandatory to file the Income Tax returns with Aadhaar card and has asked people to get it linked with their PAN cards before March 31, but the numbers are not rising.
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Is PAN-Aadhaar linking mandatory for Income Tax Return filing? Supreme Court has this to say
Thu, Feb 07, 2019
Income Tax Payer, ITR Filers alert! Is it mandatory to link Aadhaar with PAN for non taxpayers? This is the question that keeps doing the rounds on internet search as there was lot of confusion over this. Now, the Supreme Court has cleared all the confusion.
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Income tax return (ITR) filing ALERT! Pay Rs 13,000 if you make this Re 1 'mistake'
Thu, Feb 07, 2019
According to the Budget document placed in Parliament, the government has not raised the exemption limit for taxpayers from Rs 2.5 lakh to Rs 5 lakh, but has just made changes in the tax rebate under Section 87A of the Income Tax Act.
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