Income tax

Income Tax Department Detects ‘Unrecognized Transactions’ Worth Over 500 Crore Yen at Ahmedabad Real Estate Company | Latest India News

The Income Tax Service raided an Ahmedabad-based real estate developer, which uncovered unrecorded transactions worth more than ??500 crore, the Central Commission for Direct Taxes (CBDT) claimed on Saturday, adding that the transaction, which was part of a tax evasion investigation, was also carried out on brokers linked to the developer. “Documents have revealed unrecorded […]

Income tax

County of Knox considers new local income tax to subsidize ambulance service

KNOX COUNTY, Indiana (WTHI) – Knox County EMS operates all ambulance services in the county. But like many ambulance services across the country, he’s struggling to keep up during the pandemic. Knox County Commissioner Kellie Streeter explains, “We need to make sure there is an ambulance service to provide emergency medical services to everyone in […]

Income tax

Pendleton adopts proposed public safety income tax hike | Local News

PENDLETON – With Police Chief Marc Farrer on the importance of additional funding for public safety, Pendleton City Council has passed a resolution to increase income tax for public safety. City council voted unanimously on Tuesday to increase the public safety income tax for Madison County by 0.3%. With the action taken in Pendleton, the […]

Income tax

income tax department: IT department asks taxpayers to accept requests until September 30 for settlement to interim council

The Income Tax Department has issued an order requiring taxpayers to accept pending tax claims until September 30. The 2021-2022 Budget, through the Finance Act, amended the provisions of the Income Tax Act 1961 to provide that the Income Tax Settlement Commission (ITSC) will cease to act. operate from February 1, 2021. In addition, it […]

Income tax

General Assembly Should Adopt State-Level Earned Income Tax Credit | New

ATLANTA – With Georgia’s finances in better shape than around this time last year, the General Assembly is expected to consider tax breaks for low and middle income Georgian families this winter. House Bill 510, which was introduced last February, would provide a state-level Earned Income Tax Credit (EITC) modeled after a federal tax credit […]

Income tax

Finance Minister Sitharaman summons Infosys CEO as income tax portal goes dark: The Tribune India

Tribune press service New Delhi, August 22 As the income tax portal darkens on Saturday, the finance ministry summoned Infosys CEO Salil Parekh on Monday to explain to finance minister Nirmala Sitharaman why even after two and a half months since its launch , the issues with the new portal have not been resolved, an […]

Income tax

FinMin summons the CEO of Infosys, Salil Parekh, tomorrow for persistent problems

The Ministry of Finance summoned the Managing Director and Managing Director of Infosys, Salil Parekh, over problems with the new electronic income tax filing portal. The website went live earlier this year, but has been marred by problems since launch. Parekh was called to appear before the Ministry of Finance on August 23, Monday, to […]

Income tax

YOUR REQUESTS: INCOME TAX: Seniors can claim a tax deduction on medical expenses up to Rs 50,000

Since the shares are considered “movable property”, it is not compulsory to sign a deed of gift. By Chirag Nangia I retired in November 2020 and took out a Mediclaim policy in February 2021. In the meantime, I incurred medical bills for preventive checkups, medical consultation fees, and dental treatment. Can I apply for a […]