The Income Tax Department has issued a tax demand of Rs 158.25 crore to food delivery platform Swiggy Ltd. for the assessment ...

Recently, many taxpayers had complained that they had paid TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) on ...

Top households are grabbing a larger share of the nation's wealth, a trend experts say could accelerate due to tax cuts and ...

Under the income tax law, a tenant who is living in a property and paying a rent of Rs 50,000 for it, he must deduct TDS of 2 ...

The income tax department will check and match your current income tax return filed with the previous year's ITR from next ...

Foodtech major Swiggy has received a tax demand notice from the Income Tax (I-T) Department to pay an additional INR 158.25 ...

Income Tax Department issues notices to taxpayers not deducting TDS on rent over ₹50,000, leading to penalties.

The man, who works as a cleaner at a SBI branch, receives a monthly salary of Rs 15,000. Last month, he received an Income ...

IndiGo mentioned that it strongly believes that the order passed by the Income Tax Department is not in accordance with law ...

The bank stated that a demand notice under Section 156 of the Income Tax Act, including Rs 243.02 crore in interest, was ...

With Federal Reserve data showing the top half of households own almost all US assets, federal tax policy could spur even ...

Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) obligations on rent payments. Non-compliance leads to penalties and interest.