Representational image only. | Photo Credit: Getty Images/iStockphoto The recently introduced provision for allowing taxpayers to update their tax returns has seen as many as five lakh re-filings with about ₹400 crore additional tax coming in, a senior government official said on November 24. The Finance Act of 2022 introduced a new concept of updated […]
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Tax authorities on both the direct and indirect tax side are raising scrutiny for possible evasion in one major upcoming sector — online gaming. Direct tax officials are learnt to be scrutinising data for winnings to the tune of Rs 58,000 crore over a span of three years for an online gaming platform, urging taxpayers […]
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Central Board of Direct Taxes Chairman Sangeeta Singh said the number of income tax returns last fiscal was 7.14 crore against 6.9 crore in the preceding financial year Central Board of Direct Taxes Chairman Sangeeta Singh said the number of income tax returns last fiscal was 7.14 crore against 6.9 crore in the preceding financial […]
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