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Income Tax Department Raises Red Flags on High-Value Transactions as Updated ITR Deadline Approaches

Monika Shanmugam - 0
In a recent development, the Income Tax Department has initiated communication with numerous individuals concerning significant transactions observed during the financial year 2020-21. As...

Maximising Returns: Expert Tricks to Slash Income Tax While Investing in Stocks

Monika Shanmugam - 0
In the world of income tax return (ITR) filing, savvy investors are always on the lookout for strategies to trim down their tax burdens....

Income Tax Refunds: Taxpayers Would Get Their Pending Refunds for FY2020-21 By April 30

Monika Shanmugam - 0
In a recent announcement by the Central Board of Direct Taxes (CBDT), taxpayers can expect their pending income tax refunds for the fiscal year...

Income Tax: 5 High-value Cash Transactions May Attract I-T Notice

Monika Shanmugam - 0
In the world of income tax, the belief that cashless transactions evade scrutiny has led to misconceptions. However, the Income Tax Department closely monitors...

Alkem Labs Accused of Tax Evasion in Investigation by Income Tax Department

Akash G Varadaraj - 0
The income tax department of India investigated Tax evasion in pharmaceutical company Alkem Laboratories, prompted by a tip about potential tax irregularities. This investigation,...

Income Tax: Want Tax Exemption for Investments? These are the 5 Vital Things to Keep in Mind

Monika Shanmugam - 0
Tax season is here, and with it comes the promise of sweet sweet savings. But if you've poured your heart into those tax-saving investments,...

ITR Filing: What are the Consequences of Missing December 31 Income Tax Return Filing Deadline?

Monika Shanmugam - 0
In the intricate web of financial responsibilities, missing the crucial December 31 deadline for filing Income Tax Returns (ITR) can unravel a cascade of...

Income Tax Landscape Shifts: More Taxpayers in Higher Slabs, Yet Compliance Challenges Loom

Akash G Varadaraj - 0
In a remarkable revelation, the Income Tax Department has just unveiled statistics for assessment years 2019-20 to 2021-22, painting a vivid picture of the...

Facing ITR Refund Delays? Income Tax Department Encounters Challenges Processing Refunds in These Two Categories

Team Vakilsearch - 0
In a concerted effort to streamline its operations and enhance taxpayer services, the Income Tax Department reaffirmed its dedication to expeditiously processing Income Tax...

New Income Tax Slab Rates for Fy 2023-24 (Ay 2024-25) In India – Budget 2023

Team Vakilsearch - 0
The fiscal landscape in India has been reshaped with the unveiling of the Budget 2023, ushering in a new era of income tax slab...
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