Income tax department warns: ‘Declare foreign assets or pay ₹10 lakh penalty’
The I-T dept launched a compliance campaign urging taxpayers to report foreign assets in their AY25 returns, noting that ...
Bar & Bench5h
Supreme Court issues notice to PayPal in IT department's plea against stay on ₹32 crore demand
The Supreme Court on Monday issued notice in an appeal filed by the Income Tax department challenging an order of the Bombay ...
Income Tax department launches campaign to help taxpayers report overseas income for AY 2024-25
The Indian tax authorities have launched a campaign to remind taxpayers to disclose overseas income and assets in their tax ...
JD Supra1h
Michigan Will Grant a Refundable Research and Development Income Tax Credit Beginning in 2025
HB 5100 and HB 5101, as passed by the Michigan House of Representatives and Senate, and to be signed by Governor Gretchen ...
Reuters19h
Fact Check: Fox News did not report California governor planned to withhold federal tax
Fox News did not report that California Governor Gavin Newsom announced plans to withhold hundreds of billions of dollars in ...
Tax Guru1d
High-Pitched Assessments in Income-Tax Cause Injustice
The article raises several questions about the fairness and efficiency of the Income-Tax Act, administration, and assessing ...
MediaNama11d
Income Tax Department knocks on Truecaller’s door, reports site concern with transfer pricing policies
The probe reportedly centers on Truecaller’s transfer pricing practices—a framework for pricing transactions within ...
abp LIVE13d
Tax Department Receives Thousands Of Proposals For Income Tax Act Review
The meeting was attended by Revenue Secretary Sanjay Malhotra, CBDT Chairman Ravi Agarwal, and other senior officials from ...
cnbctv185d
Legal Digest | Why Income Tax department cannot look into the same matter by invoking another section
The High Court rightly rapped the Income Tax department on its knuckles for not accepting the CIT revisionary order with ...