News

Technology firm Siemens Ltd announced that it has received a prospective tax demand notice of Rs.29.4 crore from the Deputy Commissioner of Income Tax.

Siemens gets Tax Demand Notice of Rs.29.4 crore from Income Tax Department

CBDT notified the e-Dispute Resolution Scheme, 2022 (e-DRS) under section 245MA of the Income-tax Act, 1961.

CBDT launches New Dispute Resolution Scheme to Minimise Litigation

Articles

TDS and TCS are two of the government's main sources of revenue. Government proposed changes to the TDS/ TCS rates and other changes proposed in Budget 2024.

TDS/TCS Rates and Other Changes w.e.f. 1st October 2024

Hindustan Unilever said it received a demand notice from the Income Tax Department for Rs.962.75 crore and will file an appeal against the order.

Hindustan Unilever receives Rs.963 Crore Income Tax Demand Notice over TDS Dispute

In the significant changes, the IT department started sending out the intimation notices during the processing of ITR under “Risk Management System”.

Tax Alert: Tax Department sending out Intimation Notices during ITR Processing for large refund/deductions

CBI held the Principal Commissioner of the Income Tax (Patna and Dhanbad) Department and four others for allegedly accepting Rs.10 lakh in bribes.

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Siemens gets Tax Demand Notice of Rs.29.4 crore from Income Tax Department

CBDT launches New Dispute Resolution Scheme to Minimise Litigation

TDS/TCS Rates and Other Changes w.e.f. 1st October 2024

Hindustan Unilever receives Rs.963 Crore Income Tax Demand Notice over TDS Dispute

Tax Alert: Tax Department sending out Intimation Notices during ITR Processing for large refund/deductions

CBI arrests Income Tax Commissioner in Bribery Case of Rs.10 Lakh