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Hero Moto Tax Notice: Hero MotoCorp gets tax and interest notice from I-T Dept totalling INR 605 cr for six AYs, ET Auto

Hero Moto Tax Notice: Hero MotoCorp faces a tax demand notice of INR 308.65 crore plus interest from the Income Tax Department for six assessment years. The company plans to appeal against the orders, stating the demand is unsustainable. Despite this, its total sales rose 5.5% in FY24, with motorcycle and scooter sales showing growth.

Income-tax-department , It-dept , Hero-moto-tax-notice , Ero-motocorp , Ax-notice , Ncome-tax-department , Ssessment-years , Y23 , Ero-moto-share-price ,

Bank of India receives Rs 1,128 crore tax demand order

BOI has stated that it is currently in the process of lodging an appeal with the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC) against the order.

India , National-faceless-appeal-centre , Assessment-unit-income-tax-department , Assessment-unit-of-the-income-tax-department , Income-tax-act , Assessment-unit , Income-tax-department , Bank-of-india , Income-tax , Appellate-authorities , Ax-penalty

Excl: I-T Dept. alleges evasion by insurers, likely to send Rs 25,000 cr tax notices

The I-T department says higher commission was paid to agents without any additional service being provided. This could be seen as masking higher income as expenditure through accounting.

Development-authority-of-india , Insurance-regulatory , Development-authority , Central-board , Direct-taxes , Income-tax , Bdt , Nsurance-companies , Ax-notice , St ,

Religare Enterprises shares trade down on Rs 40-cr GST demand notice

Religare Enterprises stock has given a return of 23.25 percent over the last six months. The benchmark Nifty50 index has given a return of 12.52 percent over the same duration.

Care-health-insurance , Services-tax , Religare-enterprises , Service-tax , Central-excise-commissionerate , Principal-commissioner , Central-goods , Services-tax-act , Tax-consultants , Uzzing-stocks , Ifty50

Plan to save tax by investing in spouse's name? That could spell trouble

You can use your income to buy an asset for your spouse. But any income from that asset will be clubbed with your income and taxed accordingly. This can’t be taxed as part of your spouse’s income. Doing so can get you an income tax notice.

United-kingdom , India , Chetan-chandak , Mayank-mohanka , Karan-batra , Sm-mohanka-associates , Income-tax-act , I-tax-act , Pay-less-tax , Lubbing , Lubbing-of-income , Nvesting-in-spouse-name

Interim Budget 2024: Tax compliance improves, but process glitches remain

Interim Budget 2024: Technology has eased tax-filing thanks, in part, to pre-filled forms. But mass tax-notices and erroneous notices have caused confusion. And dispute resolution needs to improve.

India , Paras-savla , Karan-batra , Income-tax-department , Information-statement , Income-tax-appellate , Budget-2024 , Udget-2024-25 , Nion-budget-2024 , Nion-budget-2024-25 , Udget-2024-india , Ndia-budget-2024

Budget@10: Tax compliance improves, but process glitches remain

Technology has eased tax-filing thanks, in part, to pre-filled forms. But mass tax-notices and erroneous notices have caused confusion. And dispute resolution needs to improve.

Karan-batra , Paras-savla , Income-tax-department , Information-statement , Income-tax-appellate , Income-tax , Tr , Eturn-filing , Ax-return , Tr-forms , Ax , Tr-form

Centre serves tax notices worth Rs 1 trillion to online gaming companies

Indian tax authorities have served notices worth about 1 trillion rupees ($12.03 billion) to online gaming companies, reported Reuters.

Karnataka , India , Services-tax , While-the-karnataka-high-court , Supreme-court , Delta-corp , Karnataka-high-court , Special-leave-petition , 1-lakh-crore-tax , Ax-notice , -lakh-crore-tax-on-online-gaming-companies

Maruti likely to be under pressure after Rs 2,160-crore income-tax notice

India's largest car-maker has told exchanges that there is no impact on financial, operation or other activities due to this draft assessment

India , Maruti-suzuki , Resolution-panel , Dispute-resolution , Anufacturing , Ax-notice ,

ICICI Lombard gets Rs 1,730-crore tax notice, second in 3 months; stock down 2%

ICICI Lombard General Insurance, which received notice from DGGI for not paying Rs 1,730 crore in tax from July 2017 to March 2022, plans to contest the demand

Pune , Maharashtra , India , Sanjeev-mantri , National-stock-exchange , Services-tax , General-insurance , Directorate-general , Pune-zonal-unit , Central-goods , Services-tax-act , Managing-director