Page 3 - Income Tax Notice

Involve Indian firms, officials in your ops: Govt to Chinese smartphone cos

Chinese smartphone-maker firms have been asked to appoint Indian officials to posts such as chief executive officer, chief operating officer, chief financial officer, and chief technical officer

Tax evasion: 89 high-value foreign remittances come under I-T scanner

The Central Board of Direct Taxes (CBDT), the top direct tax body, has directed the officers concerned to initiate verification and send notices to those behind these transactions on March 28

Amazon Web Services served Rs 549 crore income tax demand notice: Report

AWS: The income tax department has reportedly raised the demand for Rs 190.85 crore tax for 2014-15 and Rs 358.27 crore for 2016-17 by invoking Section 147 of the Income-tax Act

Check ITR for discrepancies before responding to notice from tax dept

Respond on time, with expert help if required, to prevent further punitive measures

Rickshaw puller approaches cops after receiving Rs 3-crore IT notice

The rickshaw puller approached the police on Sunday after he received the IT department's 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