News

Filing income tax returns can be complicated and error-prone at times, resulting in a tax notice from IT department, which is frequently seen negatively.

Possibility of Revising ITR after receiving Income Tax Notice

The Income Tax Department issued a reminder for taxpayer to verify their filed Income Tax Return to avoid late fees.

ITR Filers required to verify ITR within 30 days to avoid Late Fees

The Income Tax Department is investigating into an alleged tax evasion by Indian Unicorn First Cry's Founder and 2 other company are also involved namely- Globalbees Brands Ltd. and Xpressbees, as per an official familiar with the matter.

First Cry founder slapped with Income Tax Notice for alleged Tax Evasion of $50 million

Notifications

The Central Board of Direct Taxes(CBDT) has notified procedure to make a reference to valuation officer during search in line with FA 2023 via issuing Notification.

CBDT notifies procedure to make a reference to valuation officer during search in line with FA 2023

The Income Tax Department has released Functionality for Revision of Form 27C with latest FAQs.

Income Tax release Functionality for Revision of Form 27C with latest FAQs

Judgement

The Income Tax Appellate Tribunal Delhi has allowed the assessee appeal by stated that Cash Deposit is okay during demonization, when cash sale is normal Part of your Business.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Possibility of Revising ITR after receiving Income Tax Notice

ITR Filers required to verify ITR within 30 days to avoid Late Fees

First Cry founder slapped with Income Tax Notice for alleged Tax Evasion of $50 million

CBDT notifies procedure to make a reference to valuation officer during search in line with FA 2023

Income Tax release Functionality for Revision of Form 27C with latest FAQs

ITAT okays, Cash Deposit during demonetization, when cash sale is normal Part of your Business