Large or unusual transactions may be reviewed more closely when they do not fit the taxpayer’s declared income pattern. So a ...
The Rs 10 lakh figure under Rule 114E is only the threshold at which a bank must formally report the deposit; it is not the ...
Taxpayers should always verify an Income Tax notice before responding. Using the PAN or Document Identification Number (DIN) ...
Income-tax returns: Today, we take a look at what taxpayers should do if they receive a notice from the I-T department.
Beware of fake Income Tax emails sent from QQ Mail or Gmail IDs. Learn how to identify phishing scams, verify genuine notices ...
A fake WhatsApp message impersonating the Income Tax Department is being circulated to taxpayers across India. The message ...
Can the Income Tax Department tax you based only on papers found during a builder's search? A recent ITAT ruling explains ...
Matching AIS and Form 26AS may not prevent a tax notice. Wrong income details, excess deductions, large transactions or TDS ...
When Kaminiben from Anand, Gujarat, sold her house for Rs 21.4 lakh in AY 2018-19, which she had originally bought in 2005 ...
ITR Filing Simplified: ITR filing isn't just about Form 16 anymore. Avoid these common mistakes to prevent tax notices, ...