The Supreme Court has directed the government to investigate allegations that private verification companies are accessing and commercially using sensitive personal data, including income tax returns (ITR) and Employees' Provident Fund Organisation…
The Supreme Court has directed the government to investigate allegations that private companies are commercially exploiting income tax and provident fund records of millions of Indians. While hearing a PIL, the court…
The Delhi High Court has directed the income tax department to refund Rs 53.09 crore to Vodafone Idea (Vi) with interest by September 30, criticising the delay of over two years. A…
IIFL Home Finance has received a Rs 963.39 crore income tax demand after a search-related block assessment covering April 1, 2018, to February 3, 2025. The order was issued on August 24,…
The income tax demand on ecommerce platform Meesho has surged to Rs 2,072 crore in financial year 2025-26, more than three times the original notice. Tax authorities had initially raised a demand…
A Delhi court sentenced Mahdoom Bava, managing director of Naftogaz India Pvt Ltd, to one year and 10 months' rigorous imprisonment for failing to deposit Rs 17.69 crore in tax deducted at…
Taxpayers with business or professional income cannot simply tick a box to opt out of the default new tax regime. They must also furnish Form 10-IEA within the prescribed deadline, or the…
Aizawl: The Mizo Zirlai Pawl (MZP), the state's largest student organisation, has asked the Mizoram government to intervene against what it calls unauthorised and high-handed operations by central investigating agencies. A delegation…
Using UPI, NEFT, RTGS or IMPS for large payments does not automatically trigger an income tax notice, but unexplained transactions can attract scrutiny, the Income Tax Department's compliance framework focuses on mismatches…
Hyderabad's Central Crime Station has booked chartered accountant Hari Shankar Reddy Renati and others for allegedly facilitating unauthorised outward foreign remittances of Rs 464.8 crore through two shell entities. The case was…
