The government has made quoting of PAN or Aadhaar number mandatory if the cash deposits and withdrawals in a financial year exceeds Rs 20 lakh and in case of opening of a current account or cash credi...

The income tax department has notified forms for filing IT returns for 2021-22 fiscal, requiring more disclosures, including details of investment in unincorporated entities and income from overseas r...

Many Indian businesses which claimed the benefit of lower rate in their corporate tax returns have not filed the specified form separately in this regard, leading to hardships. The CBDT said in a sta...

Taxpayers who received a flurry of reassessment notices last year can breathe a huge sigh of relief after several high courts have struck these down because of the dodgy manner in which the taxman iss...

The government on Tuesday extended till March 15 the deadline for corporates to file income tax returns for the fiscal ended March 2021. The deadline to file tax audit report and transfer pricing aud...

The Institute of Chartered Accountants of India (ICAI) has made a representation to the Central Board of Direct Taxes (CBDT) to waive off penalty for filing tax audit reports for the assessment year 2...

The Income Tax Department has detected alleged unaccounted income worth over Rs 6,500 crore after it recently raided some "foreign-controlled" mobile communication and handset manufacturing ...

The income-tax department has brought in changes to the existing faceless appeal scheme easing the process for taxpayers wanting a personal hearing through video conference while appealing against a t...

C.E. Info Systems Limited, which operates under the MapmyIndia brand and in the international market under the Mappls brand, on Monday said it is working on projects with the Central Board of Direct T...

In the essay, “Of wealth”, Albert Einstein wittily critiques the role of money and philanthropy saying, “Money only appeals to selfishness and always tempts its owners irresistibly t...