The tax department has given this relief for transactions done till March 24, provided the PAN of the deductee is linked to Aadhar and becomes operative by May 31, 2024.
Hero MotoCorp says it will file appeals against the orders with appellate authorities including filing of rectification applications.
The government clarifies the new tax regime is the "default tax regime"
Life Insurance Corporation has received refund orders for 7 financial years from the I-T dept; the total amount of refund was ₹25,464.46 cr
CBDT Chairman Nitin Gupta said robust tax collection numbers projected in the budget are attributable to multiple factors, including higher compliance.
Sanjay Kumar Agarwal, chairman, Central Board of Indirect Taxes and Customs (CBIC), tells Fortune India what is driving the buoyancy in GST (goods and services tax) revenues.
FM says over the last 10 years, direct tax collections have trebled and return filers have swelled 2.4 times
There are a large number of petty, non-verified, non-reconciled or disputed direct tax demands many of them dating back as far back as 1962, says Nirmala Sitharaman.
Record 8.18 crore Income Tax Returns (ITRs) filed in FY24.
Keeping General Elections 2024 in mind, govt may surprise the middle class with some bonanza on housing, income tax or consumption front
