Citizens who are facing a shortage of funds due to job loss or pay cuts due to the ramifications of the nationwide lockdown can breathe a sigh of relief. As the country battles Coronavirus, the government has decided to provide a major relief for business entities and individuals. The Centre on April 8 announced that ...

CBDT has extended the time for filing belated and revised ITRs for the AY 2024-25 on an official basis. The government’s taxpayers now have until the 15th of January 2025, to file amended returns to correct wrong previously filed returns, or file returns that were not previously filed since the extended deadline is the 31st ...

The Income Tax department in India has announced that the e-filing portal for tax returns will not be operational for three days, starting from the afternoon of February 3rd (Saturday) till the morning of February 5th (Monday).  This temporary shutdown is scheduled for maintenance and technical upgrades of the system. Taxpayers need to know that ...

Lux’s Lyra has the tagline ‘Anytime, Anywhere’ but it fits better for the Income Tax Dept, which can reach anytime, anywhere if they detect anything suspicious! Lux Industries’ shares fell by more than 3 percent after reports emerged of Income Tax (I-T) department raids at the company’s headquarters in Kolkata. The I-T Department has alleged ...

Can you believe that Samajwadi Party leaders had given a 3.24-acre land for a 30-year lease at just ₹100 per year? The Income Tax dept will reveal the truth! The Income Tax department conducted raids on senior Samajwadi Party leader, Azam Khan and people associated with him for 3 days. The IT department suspects that ...