Claiming HRA exemption but tax not deducted? Income Tax Department sending notices - penalties explained
Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) ...
Claimed HRA but skipped TDS? Income Tax department comes knocking with notices
Taxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under ...
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Income Tax Department will now keep a close eye on social media accounts, these big changes are going to happen from April 1
It will not be easy for anyone to evade tax now. In case of tax evasion, the Income Tax Department will now also keep an eye ...
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Yes Bank: Why did the Income Tax Office ask for Rs 2,209 crore from Yes Bank?
Yes Bank has received a tax demand notice of Rs 2,209 crore from the Income Tax Department for the assessment year (AY) ...
Income Tax Department issues notices to taxpayers over non deduction of TDS on rent of ₹50,000 or more per month
Income Tax Department issues notices to taxpayers not deducting TDS on rent over ₹50,000, leading to penalties.
IndiGo Faces Rs 944 Crore Tax Penalty, Terms It 'Erroneous, Frivolous'
With the Income Tax Department imposing a penalty of Rs 944.20 crore on IndiGo, India's largest airline has termed the order ...
Tax Guru23h
Telangana HC Slams Income Tax Dept Over Illegal Refund Adjustments
The Telangana High Court has delivered a judgment against the Income Tax Department in two writ petitions filed by TSI ...
India Today on MSN2d
Missed TDS on rent? Here's what tax department is doing
The law requires tenants to deduct TDS at 2% on rent above Rs 50,000 per month, in case the landlord is a resident Indian.
Did Not Deduct TDS On Rent Payment But Claimed HRA? Income Tax Department Is After You For....
If you have claimed HRA but didn’t deduct TDS on rent and the tax Department may invalidate your claim. The tenants must ...
Indiatimes3d
Pending tax work? Income tax department offices to stay open on March 29-31
Income Tax offices in India will remain open from March 29 to March 31, despite the weekend and Eid-al-Fitr, to assist taxpayers before the fiscal year ends. The CBDT and RBI have directed all tax ...
IndiGo’s Parent Firm Slapped with Rs 944.20 Crore Tax Penalty, Disputes Claim
InterGlobe Aviation Limited, the parent company of IndiGo, has been hit with a Rs 944.20 crore penalty from the Income Tax ...
Yes Bank receives Rs 2,209 crore demand notice from Income Tax Department
The reassessment order was passed by the National Faceless Assessment Unit of the income-tax department on March 28.