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Income Tax Dept cracks down on fake political donation claims, urges taxpayers to provide proof or revise returns to avoid penalties

Warning for Salary Taxpayers: Income Tax Department to take Strict action on Past Fake Political Donation Claims

The Commissionerate of SGST, Guwahati, arrested a businessman for wrongly claiming ITC using fake invoices.

Individuals can now update their Aadhaar card details, such as proof of identity and proof of address, online at no cost. Know the steps to update.

The Ministry of Finance has granted income tax exemption to GNIDA under Section 10(46A)(b) of the Income Tax Act, effective from AY 2024–25.

The High Court held that the refund of unutilized Input Tax Credit (ITC) is permissible on closure of business.

Max Estates Limited has been asked to pay Rs. 21.13 lakh in tax after the IT Department taxed interest earned on unused project funds.

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