Tech giant Infosys Ltd is expecting a substantial tax refund amounting to Rs 6,329 crore from the Income Tax Department, as stated in a stock exchange filing released late Saturday (March 30). However, this revelation comes hand in hand with an ...
Public sector banks, insurers like LIC India, and other government offices including those of PSU and CPSE companies are open on Saturday and Sunday. The reason why government employees are working extra this week is due to the close of financial ...
The Directorate of Income Tax (Investigation), Delhi, on Wednesday, set up a 24x7 control room and a toll-free mobile number ahead of the general elections to Lok Sabha in 2024. This initiative, undertaken in collaboration with the Election Commission of India, ...
The Income Tax Department has made a significant decision to cancel the upcoming long weekend scheduled for March 29th to 31st, 2024. Despite the convergence of Good Friday, a public holiday, and the weekend, all income tax offices across India will ...
The Income Tax Department has announced its intention to issue notices to taxpayers regarding discrepancies between the information filed in their Income Tax Returns (ITR) and the data on specified financial transactions for the assessment year 2021-22 (FY 2020-21). The department ...
The Income Tax Department has urged taxpayers to file updated income tax returns for the 2021-22 assessment year by March 31st. This is part of the e-Verification Scheme to address mismatches in financial transaction information....
The Income Tax Department has identified mismatches between third-party information and ITRs filed by taxpayers. Taxpayers can now rectify these mismatches through an on-screen functionality on the e-filing website....
Permanent Account Number (PAN) Card, a ten-digit alphanumeric number, acts as an identifier for the "person" with the tax department. PAN Card enables the department to link all transactions of the "person" with the department. These transactions include tax payments, TDS/TCS ...
The net direct tax collection in India has witnessed a substantial increase of 19.41% this fiscal year, reaching approximately 81% of the annual target. Discover the latest figures and insights on direct tax collection in India....
