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The Income Tax department has come out with guidelines for selection of cases for scrutiny, under which cases wherein assessees have not responded to I-T notices will be picked up for compulsory examination. The department will also undertake cases for scrutiny where specific information regarding tax evasion has been provided by any law enforcement agencies or regulatory
If you are filing the ITR on your own, you need to pay attention to a few mistakes that should be avoided for a successful income tax return
Sam Altman is expected to visit India in June this year and might even meet up with some top government officials.
The new Act is planned as a future-ready legislation to replace the existing IT Act.While a first draft may come in June, the government seems to be aiming for a more concrete version of the law by December
The court said that it would be straining the law beyond justification if it were to recognise a thief as the owner of the property within the meaning of Section 69A.