MUST check in ITR filing! These cash transactions may lead to 100% income tax penalty
The Income Tax Department urges individuals to avoid cash transactions. For violations, penalties can reach 100% of the ...
10 States Making Big Changes to Income Tax Rates in 2025
Nine states reduced their tax rates effective Jan. 1, 2025, and one eliminated its income tax. Find out if you live in one of ...
It’s Not Too Soon To Protect Yourself From Income Tax Identity Theft
The year 2024 has not quite come to a close and many people may not yet be thinking about filing their 2024 income tax return ...
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Income Tax Notice: Can You Face Action for Giving Cash to Your Wife? Know the Rules
An Overview Under the Indian Income Tax Act, specific rules govern financial transactions between spouses. While cash ...
Income Tax department denies report on using DigiYatra data to go after evaders
The Income Tax Department has denied a TNIE report that said the tax department will be tapping Digi Yatra data to go after ...
Income Tax Department Recruitment 2025: Registration Begins For Various Posts, Salary Up To Rs 1.42 Lakh
The exam is scheduled to be held in various centres such as Delhi, Lucknow, Hyderabad, Kanpur, Chandigarh, Kolkata, and ...
These cash transactions may attract up to 100% penalty by Income Tax Department
Any violation of the above limit attracts heavy penalty. “The penal consequences of violating the mandate above is imposition ...
NYS expands free tax filing option to include residents making up to $200,000
Individuals earning up to $200,000, or joint filers earning up to $250,000, may be eligible to use the IRS' Direct File ...
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Will govt use Digiyatra data to crack down on tax evaders? Income tax department clarifies
India’s Income tax department on Monday, December 30 issued a clarification over reports on Digiyatra being used for cracking ...
What is 'Income Tax Department'
Income Tax Department (ITD) in India is a government body that handles the collection and management of direct taxes. Income Tax Department falls under the Department of Revenue, which is part of the ...
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Income Tax: The IT department trusts your ITR completely, only one percent is investigated
The Income Tax Department trusts you completely. Whatever you file under ITR, it accepts it as true. It may sound a bit ...