Delhi HC raps I-T dept over Rs 53 crore Vodafone Idea refund delay
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…
All posts tagged in income tax department7- Page
109Articles
IIFL Home Finance Faces Rs 963 Crore Tax Demand
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,…
Meesho tax demand triples to Rs 2,072 crore in FY26
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…
Naftogaz India MD gets 22-month jail for TDS default
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…
Business taxpayers must file Form 10-IEA to opt out of new tax regime
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…
Mizoram student body asks state to curb central agency raids
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…
Large UPI or NEFT not automatic tax trigger, but mismatches matter
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 CA booked for Rs 465 crore foreign remittance fraud
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…
Dearness allowance fully taxable, must be reported in ITR
Dearness allowance and dearness relief (DA and DR), a component of basic salary for central government employees and pensioners, are fully subject to income-tax. Taxpayers must report DA separately in their income…
NRI money to parents: missing documents can trigger tax notice
Non-resident Indians sending money to parents in India risk income tax scrutiny if transfers lack proper documentation. A US-based NRI faced a six-year battle after an Rs 11 lakh transfer to his…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.