Page 3 - Income Tax Notice

Don't forget mandatory disclosures while filing your income-tax returns

Failure to do so might render the ITR (Income-Tax Returns) defective and invite an income tax notice and penalties

Flurry of tax notices puts private companies' directors in a spot of bother

Section 179 of the Income Tax Act imposes vicarious liability on directors to recover tax dues of private firms

Allcargo acquires nearly 13% stake in Gati in first of three-phased buyout

Several taxpayers complained of technical glitches on filing returns on social media

Withdraw all appeal cases in courts by January-end: CBDT to taxman

The move assumes significance as the NDA government would present the interim Budget for 2019-20 on February 1

CII for doubling I-T exemption to Rs 5 lakh, hiking 80C deduction limit

The CII also suggested that corporate tax rate should be reduced to 25 per cent, irrespective of turnover

Government likely to withdraw tax notice on free banking services

Every bank offers a different slab of minimum balance to customers, based on which 'free services' are provided

SC dismisses petition of firm linked to Robert Vadra in I-T notice case

The Delhi-based firm, Sky Light Hospitality LLP, had filed an appeal against the February order of the Delhi High Court which had rejected its petition against the I-T notice

Tax defaulters can't hide from I-T notices anymore. Here's why

Taxman has got multiple options to find an "untraceable" or hiding assessee

I-T notices to 116,000 for cash deposits above Rs 25 lakh after note ban

The official further said the number of people prosecuted for violating the I-T law has more than doubled to 609 in April- September this year from 288 i

Soon, get notification of tax scrutiny notice over SMS, reply online

I-T department is looking to make the process easier for taxpayers