Income tax is a crucial aspect of the financial system in many countries, providing necessary revenue for government operations and public services. One element of income tax that can catch …
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Income Tax
Financials
From Income Tax to Small Savings and Credit Cards – Key Rules Changing, October 1, 2024
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Upcoming Changes in Income Tax Rules from October 1, 2024: What You Need to Know New Delhi: Starting October 1, 2024, several important changes will take effect in taxation, savings, …
On Thursday, Hero MotoCorp announced that it received a notice from the Income Tax Department totaling ₹605 crore, covering six assessment years (FY14 to FY18 & FY20), which includes interest.
Business
Income Tax Department to refund Infosys ₹6,329 crore in windfall tax refund
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Infosys’ tax liability for the assessment year 2022-23, with interest, is significantly higher compared to the previous year’s demand for 2011-12, totaling ₹4 crore inclusive of interest.
India News
Income Tax (I-T) department issues Rs 1700 crore notice to Congress after High Court rejects its reassessment plea
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Sources state that the notice follows a day after the Delhi High Court rejected the party’s petition contesting the tax notices.