Stay updated with breaking news from It Act. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The FIU under the Finance Ministry has issued show cause notices to nine offshore cryptocurrency platforms for non-compliance with anti-money launderi
Citing a circular, the HC emphasised that deputing technical manpower abroad doesn’t hinder Section 10A exemption benefits under the IT Act
Amid social media posts regarding communication from the I-T department regarding mismatch in TDS/TCS deductions and ITR filing data, the income tax department said such communication is to facilitate the taxpayers and make them aware of the information available with the I-T department regarding the transactions reported by the Reporting Entities during the year.
The sessions court on October 21 last year had convicted and sentenced Ansari to life imprisonment for offences punishable under Section 66F (cyber terrorism) of Information Technology Act, 2000 and five-year imprisonment for offences under IPC.
Minister of State for Finance Pankaj Chaudhary made the remarks while responding to a question on whether the BCCI, despite being one of the richest sports bodies in the world, is enjoying tax exemption in the name of promoting cricket. "BCCI is claiming exemption under Section 11 of the Income Tax Act, 1961. However, during assessment proceedings the exemption is being disallowed by the Income Tax department. The matter pertaining to tax exemption of BCCI is sub judice," Chaudhary said.