Taxation

Income Tax department officials conducted "verification surveys" at the business premises of Jet Airways at four locations in New Delhi and Mumbai on Wednesday.   According to sources in the Income Tax department, surveys were carried out to verify the expenses claimed by the...
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Many people are receiving emails in the form of a demand notice for outstanding income tax. These emails appear to have emanated from the Income Tax (I-T) department and seem fairly genuine — at least to the lay person. A closer investigation reveals that these dangerous emails, purportedly...
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The government on Monday invited comments on proposed changes to income tax rules for rationalising the process of certificate issuance for no deduction of income-tax or deduction at lower rates, and to take it online.   "In order to rationalise and make the process of issuance of...
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There have been increased reports of incidents related to fake SMSs purportedly from income tax (I-T) department as the last date for the filing of income tax returns (ITR) is nearing. The SMS deliberately sends a wrong bank account number and then asks the recipient to rectify it by clicking...
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Film director Vijay R. Gutte, son of a leading Maharashtra businessman close to the BJP, has been arrested in a case of alleged Rs 34-crore GST fraud committed through fake documents, official sources said here on Friday.   Director of an upcoming film 'The Accidental Prime Minister'...
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