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The IT department has sent a notice for submitting details related to the transaction of Rs 12.23 crore.

Physically Challenged Small shop owner receives Income Tax Notice of Rs 12 crore

Judgement

Sale below market price/ cost price with intention to create loss is fraud to evade payable taxes: ITAT

The assessee was entitled to claim deduction u/s. 80IA whe certificate in Form no. 10CCB was filed before final order of assessment.

Deduction u/s 80IA cannot be denied merely for non-filing of Form 10CCB along with ITR

Income Tax Department has updated about Cash Transaction Limits under Income Tax Act. what will be the consequences, if the cash amount crossed the particular limit.

Say No to Cash Transactions: Cash Transaction Limits under Income Tax Act

The Minister of State Shri Pankaj Chaudhary in the Ministry of Finance in a written reply to a question raised in Lok Sabha said, "More than 2800 Groups raided by Income Tax upto Jan 2023."

More than 2800 Groups raided by Income Tax upto Jan 2023

The Minister of State Shri Pankaj Chaudhary in the Ministry of Finance in a written reply to a question raised in Lok Sabha said, "86,71,564 Senior Citizens have paid Income Tax of Rs. 1,13,458 Crores in Year 2022-23."

86,71,564 Senior Citizens have paid Income Tax of Rs. 1,13,458 Crores in Year 2022-23

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