Stay updated with the latest news and articles about Income Tax.
Ritesh Kumar Singh highlights India's youth unemployment crisis, emphasizing the need for small business support over corporate incentives. Simplifying tax systems and reducing regulatory burdens are vital for fostering entrepreneurship and job creation.
From linking the Aadhar card with the PAN to filing income tax returns and reviewing investment proofs, an individual must follow the following steps to ensure a smooth experience as income tax deadline draws near.
To effectively combat the Sindhi Finance phenomenon, it is crucial for statutory departments such as the Central Crime Branch (CCB), Enforcement Directorate (ED), and Income Tax Department to expedite their investigations. The longer the delay in probing this issue, the more businesses and individuals fall victim to its predatory practices.
The allure of Sindhi Finance lies in its accessibility and the speed with which transactions are conducted, often in cash, bypassing the formalities and scrutiny of traditional banking. However, this convenience masks a darker side.
Online Gaming Company Dream 11 faces the largest indirect tax notice in the Indian history
"Social media efforts as well as focused e-mail and SMS campaigns were launched to entice taxpayers to file their ITRs ahead of schedule. When compared to the same period the year before, taxpayers filed their ITRs for AY 2023–24 significantly sooner as a consequence of these coordinated efforts, the government said in a release.
Taslim, a Youtube user who runs the "Trading Hub 3.0" channel, has been searched by the income tax division. During the raid, assets including cash and gold jewelry were discovered. Taslim has been charged with making money illegally, but his family disputes the accusations.
Be careful when filing ITRs because incorrect deductions and exemptions may result in issues for taxpayers.
The minister mentioned that the government provides income tax exemption for those earnings up to ₹7.27 lakh per annum under the new tax regime.
On January 31, the department conducted a investigation against the firm.
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