Page 47 - It Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Income-Tax (I-T) department has issued around 8,000 notices to salaried employees, self-employed individuals, and companies who made significant donations to charitable trusts. The department suspects potential tax evasion, as records of these donations do not correspond with the income and expenses of those making them. Sandeep Bajaj, managing partner, PSL Advocates & Solicitors, says, 'Notices were issued for donations made during the assessment years of 2017-18 through 2020-21.'

The senior citizen was working as an officer in a nationalized bank and got retired in 2018. -- aaa

The government has said that it will not be notifying the fact check unit until 5 July.

Not this,, limit save grow act what you call it act. >> the president put out his budget, it was late which means they put out there -- the questions, will they do it at all? the house budget committee says it is going to put out a budget and it will be bigger and more comprehensive than what they have just put out which is just their offer or their deal. the senate budget committee apparently is not planning to put a budget out at all. and honestly, the deadline for the budgets from congress is april 15th, they should have had it done, both of them. it's not a responsibility to get done. bett...

FEMA regulations mandate that issue of a capital instrument by an Indian company shall not happen at any value less than Fair Market Value computed as per FEMA laws.