PAN 2.0: Income Tax Department releases FAQs: See how to apply for a new PAN or update your PAN info
The Central Board of Direct Taxes (CBDT) has stated that the existing PAN cards will continue to be valid unless updates or ...
Income Tax Department reduces time allowed to apply for old income tax refunds; check the new time limit
The Central Board of Direct Taxes recently issued a circular for condonation of delay in filing ITR. ​The latest circular has ...
No TDS on cash withdrawal by foreign representations from Dec 1: Income Tax department
As per section 194N of the Act, TDS is required to be deducted when an individual withdraws a sum exceeding Rs 20 lakh in ...
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Increase in Homestead Exemption raises income threshold for senior citizens
The exemption is available to senior citizens, totally and permanently disabled persons, and surviving spouses of previously ...
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Tax Trifecta: IT Department Raids Kochi Production Houses
The Income Tax department conducted raids at the Kochi offices of Parava Films and Dream Big Distributors, production ...
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Income Tax Department raid on Soubin Shahir's Parava Films - makers of 'Manjummel Boys'
Income Tax Department raids Soubin Shahir's Parava Films over alleged tax evasion and financial irregularities following a ...
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Income tax department advises taxpayers to carefully review their foreign income, assets in ITR
Income Tax department in its special edition of 'Samvad' raised awareness on proper disclosure of foreign assets and income by taxpayers. The session aimed to raise awareness among taxpayers about ...
Why Income Tax Department has introduced new PAN 2.0 project
The Union Cabinet approved the PAN 2.0 Project on Monday to make PAN the “single source of truth and data consistency”. With ...
Income Tax department conduct raids at Manjummel Boys producer Soubin Shahir’s Kochi office
Following an ED investigation earlier this year for alleged tax evasion and financial irregularities, Soubin Shahir's Kochi ...
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Court permitted income tax department to withdraw 20% of total tax demand from attached bank account
Kerala High Court permitted income tax department to withdraw 20% of the total tax demand as a condition for stay. Court also directed to lift the attachment over the bank accounts on receipt of the ...
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Income tax department advises taxpayers to carefully review their foreign income, assets in ITR
The Central Board of Direct Taxes (CBDT) has advised all taxpayers to carefully review their foreign income and assets and ...