Income Tax Department has specified new time limit to apply for old income tax refunds
The recent CBDT circular has the new five-year limitation for condonation requests. However, this new time limit will apply to condonation requests made on or...
CBDT launches Compliance-Cum-Awareness Campaign for AY 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets and reporting income from foreign sources in ITR
The CBDT has launched a Compliance-Cum-Awareness Campaign for Assessment Year (AY) 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets and reporting income from...
Income tax department probing evasion of capital gains tax on joint development agreements
The Et reported that all landowners who had cut ‘joint development’ deals with builders are under the lens for skirting tax on capital gains. The...