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The Punjab & Haryana High Court has granted an exemption to journalist Deepak Chaurasia from personal appearance in a 2015 POCSO case before Gurugram Court.Deepak Chaurasia along with other...
Tax department reopening old tax assessments based on algorithm : Rashtra News #Tax #department #reopening #tax #assessments #based #algorithm The unsettling letters from the tax office have started arriving. The Income Tax (I-T) department has begun the process of reopening old assessments, albeit with a difference this year. Tax officials across the country are busy
Notices sent a few weeks ago to multiple startups by the I-T department asking for genuineness, credit worthiness of their investors. Post the notices were served, some startups have been asked to cough up taxes and penalties, if their submissions havent been adequate. The tax demands have been arrived at by clubbing the funding with the startups income.
BJP accuses Congress of breaching tax exemption rules by accepting cash donations over ₹2,000, resulting in loss of exemption under Section 13(A) of the I-T Act. Legal battles continue, with the matter now in the Supreme Court.
The tax department advised taxpayers to file amended income tax returns (ITRs) for the 2021-22 assessment year by Sunday, March 31, 2024