Infosys shares rise 2% on ₹6,329 cr tax refund
The IT major will receive tax refund from the I-T dept for assessment years spanning from 2007-08 to 2018-19.
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Over 8 cr ITRs filed till December 31 for AY2023-24: FinMin
Audit reports and other forms filed during the period totalled 1.60 cr, marking an increase from 1.43 cr audit reports and forms filed in the year-ago period.
I-T Dept serves ₹2,159 cr draft assessment order to Maruti Suzuki
Maruti Suzuki says it will file its objections before the Dispute Resolution Panel
1 lakh income tax notices will be disposed of by March 2024: Nirmala Sitharaman
These notices were sent to individuals whose annual income was more than ₹50 lakh.
Over 3 cr ITRs filed till July 18 for AY2023-24: I-T dept
According to the income tax department, out of the 3.06 crore ITRs filed till July 18, 2023, 2.81 crore ITRs have been e-verified, which means more than 91% ITRs filed have been e-verified.
₹3,500 crore owed by 96 tax defaulters unlikely to be recovered
Maximum amount pending from an assessee is from Mumbai’s Uday Acharya (deceased) and his family. He owes ₹779.04 crore. The assessee has been declared bankrupt and passed away.
IT officials show up at MG Motor's plant in Halol, HQ in Gurugram; seize laptops
The Gurugram-based carmaker, which is owned by the China's state-owned automaker SAIC Motor, has been in the eye of the storm of a regulatory crackdown by law-enforcement agencies.
ITR filing deadline for companies extended
The development comes days after the IT department extended the due date to file tax audits for the fiscal year 2021-22 by seven days due to technical glitch.
Direct tax collection jumps 24% in first half of FY23
The direct tax collection, net of refunds, was up 16.3% at ₹7.45 lakh crore, compared to the corresponding period last year.
