Rs 8 lakh cash deposited in bank – man gets tax notice! How he won case in ITAT
A taxpayer successfully challenged the tax department’s decision to treat a large cash deposit as presumptive business income. The Income Tax Appellate Tribunal ruled that ...
New Income Tax Bill: Changes in TDS refund claims while filing ITR? Top points suggested by Parliamentary panel
A parliamentary committee reviewing the Income Tax Bill 2025 suggests allowing individual taxpayers to claim TDS refunds beyond the deadline without penalties. The committee also ...
Tax evasion or underreporting: CBDT sees whopping Rs 20,000 crore income tax recovery; almost double of last year
The CBDT collected ₹20,000 crore in pending dues in the first quarter, doubling last year’s figures, driven by income-tax demand notices. With a recovery target ...
