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On the personal income tax front, the FM introduced some tax slab changes in the new tax regime

Union Budget initiates overhaul of Income Tax Act: What to expect

PGurus Newsdesk - July 23, 2024 0

Budget 2024: FM announces changes in income tax slabs Finance Minister Nirmala Sitharaman announced a review of the Income Tax Act, 1961 in Budget proposals for...

In his 21-page affidavit, Rahul says nothing about the MHA's case against him for holding British citizenship, IT, and ED cases related to the National Herald scam

Rahul Gandhi’s affidavit silent on MHA’s British Citizenship case, Income Tax case, and ED...

Team PGurus - April 6, 2024 0

Rahul Gandhi didn't declare 3 cases in his election affidavit: Why? Congress candidate Rahul Gandhi has not declared the case on his British citizenship, initiated...

The I-T notice encompasses penalty charges along with accrued interest

Income Tax Department issues Rs.1823 crore notice to Congress Party

PGurus Newsdesk - March 29, 2024 3

The I-T notice to Congress pertains to the assessment years spanning from 2017-18 to 2020-21 The Congress Party once again received another setback on Friday...

The Income Tax Department receives information on specified financial transactions of taxpayers from various sources

Income Tax Dept detects cases of tax not being fully paid; sets March 15...

PGurus Newsdesk - March 10, 2024 1

Not paid tax according to specific financial transaction, do so by March 15, says Income Tax Dept The Income Tax Department has identified some persons...

Senior Advocate Vivek Tankha, who appeared for the Congress, has requested to keep the order in abeyance for 10 days so that they can approach the High Court

Income Tax tribunal dismisses Congress’s plea to stop action against bank accounts

PGurus Newsdesk - March 8, 2024 1

Big setback for Congress: Income Tax Tribunal junks Congress, plea seeking stay on freezing accounts; party says will move HC In a major setback to...

Unpaid taxes from income earned off National Herald properties haunt the Gandhis. AAP included in the net?

SC defers hearing of Income Tax assessment case of Gandhis till Dec 13

Team PGurus - December 1, 2023 1

The Delhi HC had yet to issue notice of the petitions against its decision The Supreme Court on Friday deferred the hearing of the petitions...

According to InterGlobe Aviation, based on legal advice from counsel, the opinions of authorities are not sustainable

InterGlobe Aviation receives Income Tax demand of Rs.1,666 cr

PGurus Newsdesk - November 23, 2023 1

InterGlobe Aviation to challenge tax demands worth over Rs.1,666 crore InterGlobe Aviation, the parent of the country's largest airline IndiGo, has received orders from the...

The company’s corporate office is in Bhopal while the registered office is in Delhi

Income Tax Dept conducts search & seizure operation at offices, factories of Som Distilleries

PGurus Newsdesk - November 9, 2023 1

Som Distilleries share price drops by 4.3% Som Distilleries and Breweries Limited said that a search and seizure operation by the Income Tax Department at...

Number of returns filed have shot up across various tax slabs reflecting more robust revenue base

Income Tax compliance in India is on the upswing across slabs, says data

PGurus Newsdesk - October 27, 2023 0

ITR filings by taxpayers rise 90% in the last nine years Data released by the Income Tax Department shows that a healthy trend of increased...

Around hundred sleuths comprising the Income Tax department and Bihar Police conducted the raids from 7 a.m.

Bihar: Income Tax team raids premises of Millia Educational Trust’s owner

PGurus Newsdesk - October 11, 2023 0

Raids in Millia Education Trust institutions in Bihar, Income Tax raids in directors Asad Imam's houses also Separate teams of the Income Tax Department conducted...