Articles for Tax Notices

What should you do if you get an income tax notice after ITR filing? Know here
5 months ago

What should you do if you get an income tax notice after ITR filing? Know here

India TV News  

ITR 2024: The deadline for filing Income Tax Returns ended on July 31, with around 7.28 crore people in the country submitting their returns. Here’s what to do if you receive a notice from the Income Tax Department: What should you do after receiving income tax notice? Verify all the details in the notice from the Income Tax Department, such …

Income Department Filing Itr Tax Department Income Tax Notice Tax Notices
Bengaluru-based Sobha Ltd gets ₹46 crore income tax demand notices; company to file appeal
9 months, 1 week ago

Bengaluru-based Sobha Ltd gets ₹46 crore income tax demand notices; company to file appeal

Hindustan Times  

Listed real estate firm Sobha Ltd has received demand notices of nearly ₹46 crore from the Income Tax Department. The Bengaluru-based company said that it is in the process of filing an appeal before the Commissioner of Income Tax, against the orders within the prescribed timelines. Listed real estate firm Sobha Ltd has received demand notices of nearly ₹ 46 …

Bengaluru Tax Income Tax Income Notices Company Crore
Insurers under IT scanner, likely to receive tax notices worth ₹25,000 crore
11 months ago

Insurers under IT scanner, likely to receive tax notices worth ₹25,000 crore

Live Mint  

Multiple insurance companies are expected to come under the Income Tax department's scanner for paying higher commissions to intermediaries and claiming higher deductions. All the income tax notices will be sent to the insurance companies which paid extra commission during the period, by March this year. Discrepancies emerged after multiple insurance companies paid extra commissions to agents and intermediaries over …

Insurance Tax Companies Notices Insurance Companies Tax Notices
S. 148 Income Tax Act| Notice Without DIN, Not Invalid, If Assesee Responds To Manual Notices: Allahabad High Court
1 year, 4 months ago

S. 148 Income Tax Act| Notice Without DIN, Not Invalid, If Assesee Responds To Manual Notices: Allahabad High Court

Live Law  

The Allahabad High Court had held that mere non-issuance of notices with DIN will not render them invalid if the petitioner has otherwise participated in the proceedings based on manual notices. Petitioner challenged the re-assessment order on the ground that notice under Section 148 of the Income Tax Act, 1961 was issued manually in violation of the circular issued by …

Notices Notice Petitioner Din Manual Notices
BBMP proposes to let go of penalty and interest on tax arrears
3 years, 4 months ago

BBMP proposes to let go of penalty and interest on tax arrears

The Hindu  

The city’s civic body has now proposed to the State government to let go of the penalty and the interest on property tax arrears notices it has issued for wrong classification of tax zones since the last five years. Notices asked property owners to pay tax arrears, interest, and penalty for the five years since. As an acknowledgement of its …

Property Penalty Pay Interest Owners Five Years Property Owners
Sitharaman to inaugurate national tax e-assessment centre on Monday
5 years, 3 months ago

Sitharaman to inaugurate national tax e-assessment centre on Monday

India TV News  

Finance Minister Nirmala Sitharaman will on Monday inaugurate the income tax department's national e-assessment centre, which will avoid face-to-face interaction between taxpayers and tax officials. The setting up of NeAC is a step for better taxpayer service, reduction of taxpayer grievances in line with the prime minister's vision of 'Digital India' and promotion of ease of doing business, the finance …

Tax
EDMC sends notices to defaulting government agencies to recover Rs 500 crore property tax
5 years, 10 months ago

EDMC sends notices to defaulting government agencies to recover Rs 500 crore property tax

Hindustan Times  

The cash-strapped East Delhi Municipal Corporation has issued property tax notices to defaulter government agencies to recover nearly Rs 500 crore from them, a senior EDMC official has said. The Delhi Metro Rail Corporation is among the government agencies who have been issued property tax notices by the East Delhi Muninicpal Corporation. In its notice sent to Delhi Jal Board, …

Delhi Property Property Tax East Crore Corporation Government Agencies