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The IT Department has urged taxpayers to rectify any incorrect refund claims by filing revised returns.

Income Tax warns Taxpayers claiming wrongful deductions/ exemptions in ITR

The CBDT has officially announced the release of Annual Information Statement (AIS) utility designed for Mac OS on the income tax portal, effective December 1, 2023.

Annual Information Statement utility for Mac OS now available on Income Tax Portal

Judgement

The High Court of Delhi has quashed the  Income Tax Reassessment Proceedings Made Without Application of Mind.

High Court Quashes Income Tax Reassessment Proceedings Made Without Application of Mind

Every taxpayer is assigned a PAN (Permanent Account Number). A person cannot have more than one PAN, according to the Income Tax Department.

PAN Card: Having Two PANs can lead you to a Penalty of Rs.10000; Know how to Avoid and Surrender Second PAN Allotted

The Minister of State for Finance informs Parliament that nearly 80 million tax returns were filed until December 2.

Approx 80 million Income Tax Return filed till Dec 2; MoS Finance notified Parliament

IT Department raided Geeken Furniture Manufacturing Company's plant and owner's home. This raid has been running nonstop for more than 36 hours.

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Income Tax warns Taxpayers claiming wrongful deductions/ exemptions in ITR

Annual Information Statement utility for Mac OS now available on Income Tax Portal

High Court Quashes Income Tax Reassessment Proceedings Made Without Application of Mind

PAN Card: Having Two PANs can lead you to a Penalty of Rs.10000; Know how to Avoid and Surrender Second PAN Allotted

Approx 80 million Income Tax Return filed till Dec 2; MoS Finance notified Parliament

Income Tax Department raids at 6 Locations in Gurugram including Geeken Furniture