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Hyderabad: M Samhith Reddy hit 51 as India Cements defeated Income Tax by three wicket sin the knockout phase of the Nawab MAK Pataudi T20 Tiger Cup, on Tuesday. Brief Scores: Concorde 85/9 in 10 overs (G Arjun 3/19) bt Balaaji 68/6 in 10 overs (E Geeta Krishna 33); Balaji Colts 110/5 in 20 overs […]
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Hyderabad: Industries Minister KT Rama Rao sought to know as to how many Enforcement Directorate, Income Tax and CBI raids were conducted on BJP leaders during the last 8 years. How many ED, IT & CBI raids on BJP leaders or their kith & kin in last 8 years? Kya Sab Ke Sab BJP waale […]
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Hyderabad: TRS President and Chief Minister K Chandrashekhar Rao slammed the BJP-led union government for forcing the banks to write off Rs 11 lakh crore of people’s money from the books for the benefit of their corporate friends, but refusing to spend a few thousand crores of rupees for the benefit of farmers. He ridiculed […]
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But income tax is an important legal provision, and we should follow it honestly. However, as far as possible within the scope of the law, we should make the effort to minimize the tax liability through good planning. Hope this article enlightens the facts to our readers in this regard.
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Hyderabad: Former Hyderabad Ranji captain P Akshath Reddy scored 146 in 110 deliveries to guide Income Tax to a 72-run win over Evergreen Cricket Club in the final of the HCA A1 3 day one-day knockout tournament on Sunday. K Vamshi Krishna scored 94 while G Vikram Naik hit 52 for Evergreen Cricket Club. Brief […]
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Hyderabad: M Shashank scalped four wickets as Income Tax defeated Zinda Tilismath by six wickets to enter the final of the HCA A1 3 Day one-day knockout tournament, on Thursday. For Income Tax, Sarthak Bharadwaj top-scored with 47 runs. Brief Scores: Zinda Tilismath 167 in 41 overs (M Shashank 4/34) lost to Income Tax 170/4 […]
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Hyderabad: Former Hyderabad Ranji captain P Akshath Reddy scored 78 as Income Tax defeated Balaaji CC by four runs in the quarterfinal match of the HCA A1 3day one-day knockout tournament at ECIL, on Tuesday. Batting first, G Arjun and Geeta Krishna scalped four wickets each to skittle out Income Tax to 213 in 38.3 […]
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Hyderabad: Habeeb Ahmed slammed 72 while former Hyderabad Ranji skipper P Akshath Reddy slammed 55 as Income Tax defeated Khalsa by 81 runs in the HCA A1 Three Day One day Knockout Tournament on Wednesday. Shiva Bhaskaren picked up four wickets for 45 while Mohd Babillail scalped three wickets for 32 for the winners. Brief […]
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New Delhi: The Income Tax department on Wednesday conducted searches on several premises of Chinese mobile companies across the nation. These companies were allegedly violating rule and norms to evade taxes. They were on radar of several probe agencies, including the Income Tax department. Earlier, the Chinese firms who were allegedly running mobile loan application […]
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Ever since its June 7 launch, the revamped I-T portal developed by Infosys has which was suppose as to usher taxpayers into a new era of tax administration, has become a system generating heartburns
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Hyderabad: A search and seizure operation carried out by the Income Tax (I-T) Department on the premises of a city-based real estate and infra company on June 6 found projection of false losses of approximately Rs. 1,200 crore, for which the assessees will have to pay tax. During the course of searches, it was found […]
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Officials said the searches were conducted to examine the losses shown in their statements submitted to the department.
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The portal launched on June 7 continued to face glitches, including longer logging in time, inability to generate OTP for Aadhaar validation, non-availability of ITRs for past years.
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At the company's annual shareholder meeting, Infosys had on Saturday stated that it is working to resolve the issues and has already succeeded on some fronts.
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Infosys was in 2019 awarded a contract to develop the next-generation income tax filing system to reduce processing time for returns from 63 days to one day and expedite refunds.
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Infosys was in 2019 awarded a contract to develop the next-generation income tax filing system to reduce processing time for returns from 63 days to one day and expedite refunds.
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The I-T department did not specify the financial year for the refunds. However, it is believed that the refunds are for tax returns filed for the 2019-20 fiscal.
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The collection for just concluded 2020-21 fiscal was 5 per cent higher than the RE, but was 10 per cent lower than the mop up in 2019-20.
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New regime lowers tax rates, eliminates deductions
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Polls to the 234-seat Tamil Nadu assembly will be held in a single phase on April 6.