New Delhi, Sept. 5 -- A Delhi taxpayer found herself in an unusual income tax dispute after her tenant deducted tax at source (TDS) from the rent but failed to deposit the amount with the government. ... Read More
New Delhi, Sept. 5 -- A large cash deposit of Rs.25 lakh made by a Bengaluru resident sparked an income tax dispute after authorities questioned the source of the money in her bank account. It all beg... Read More
New Delhi, Sept. 5 -- September 5 is celebrated as Teachers' Day in India every year to honour the birth anniversary of Dr Sarvepalli Radhakrishnan, the nation's second President. However, for bank cu... Read More
New Delhi, Sept. 5 -- The income tax return (ITR) filing deadline for businesses and professionals is later than the deadline applicable to most individual taxpayers. The statutory ITR due dates remai... Read More
New Delhi, Sept. 5 -- A Bengaluru taxpayer was slapped with an income tax notice after he failed to report Rs.2.33 crore in online gaming winnings in his income tax return (ITR) for AY 2022-23. He arg... Read More
New Delhi, Sept. 5 -- Tenants paying more than Rs.50,000 in monthly rent must deduct TDS before making the payment to their landlords as failing to comply with this rule can lead to penalty and other ... Read More
New Delhi, Sept. 4 -- A doctor's failure to file his income tax return (ITR) and respond to subsequent tax notices led the income tax department to treat his entire Rs.35.01 lakh professional receipts... Read More
New Delhi, Sept. 4 -- Salaried individuals who were eligible for provident fund (PF) coverage but remained outside the formal system between April 1, 2009 and March 31, 2026, now have a one-time oppor... Read More
New Delhi, Sept. 4 -- A multi-fold surge in the share price of a little-known company can easily attract the income tax department's attention, especially when the assessee is also not a regular trade... Read More
New Delhi, Sept. 4 -- A Rs.9.6 lakh addition to an individual's taxable income can be burdensome, especially when the amount stems from something as simple as an incorrect entry in an income tax retur... Read More