Calcutta High Court held that a Section 148 notice uploaded after the limitation period was time-barred and dismissed the Revenues ...

Matching AIS and Form 26AS may not prevent a tax notice. Wrong income details, excess deductions, large transactions or TDS ...

A corporate entity co-founded by Bruce Menin, a real estate developer, owes the city more than $246,000 in back taxes.

After filing your Income Tax Return, you may receive a Section 143(1) intimation notice. This notice confirms the tax ...

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) ...

Treasury Inflation-Protected Securities were introduced in 1997 to provide inflation-protected interest and principal payments. Unlike other bonds, which generate returns in nominal terms, TIPS act as ...

THE unexplained wealth case will require senator-judges to determine whether Vice President Sara Duterte’s sworn asset declarations, tax returns, corporate records, and financial transactions ...

A fake WhatsApp message impersonating the Income Tax Department is being circulated to taxpayers across India. The message ...

Large or unusual transactions may be reviewed more closely when they do not fit the taxpayer’s declared income pattern. So a ...

The Inland Revenue Department (IRD) has clarified how the prosecution provisions introduced under the Inland Revenue (Amendment) Act, No. 11 of 2026 will be enforced, stressing that criminal ...