Forgot to verify your income tax return? Here’s help

To complete the income tax returns (ITR) filing process, an individual is required to verify the return filed by him. The return must be verified within 120 days of filing. Verification can be done digitally (using Aadhaar, one-time password etc.) or by sending the physical copy of ITR-V to the Central Processing Centre, Bengaluru, of the income More...

by Loknath Das | Published 5 days ago
By Loknath Das On Tuesday, February 20th, 2018
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Income Tax Raided Nirav Modi Firms In January Last Year: Sources

Jeweller Nirav Modi has been accused of defrauding Punjab National Bank of Rs. 13,400 crore Nirav Modi, the celebrity diamond designer blamed for one of the country’s largest bank fraud, had been raided More...

By Loknath Das On Tuesday, February 20th, 2018
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Rotomac Bank Fraud: Income Tax Department Attaches 11 Bank Accounts

The CBI had registered a case against Rotomac company, its Director Vikram Kothari, his wife and son. NEW DELHI:  After the CBI and the ED, the Income Tax Department has stepped up action against the Rotomac More...

By admin On Tuesday, February 6th, 2018
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5 Blog Niches That Get Good Traffic and Make Money

To create a successful blog, you must corner the market and target the right audience. But doing so requires you first ask yourself the following question: for whom am I writing? To answer this question, imagine More...

By Loknath Das On Tuesday, January 30th, 2018
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Budget 2018: Rate of Income tax in top 10 countries by GDP

crescendo, taxpayers are concerned about the new income tax slabs that will be announced on February 1 as these slabs would determine the amount an individual will have to pay as taxes on their income in FY19. Currently, More...

By Loknath Das On Tuesday, January 30th, 2018
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Income Tax Department busts refund fraud, claims nexus between employees of top companies, CA

The Income Tax Department today claimed to have busted a racket of extracting fraudulent tax refunds by employees of bellwether companies like IBM, Vodafone and Infosys in alleged connivance with a Chartered More...

By Loknath Das On Tuesday, January 30th, 2018
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Budget 2018: Income Tax Slabs, Rates And Useful Deductions

Under the Income Tax Act, there are many exemptions that can reduce your tax liability. In Budget 2018, Finance Minister Arun Jaitley is expected to announce some income tax relief for the middle class. The More...

By Loknath Das On Wednesday, January 24th, 2018
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Blockchain Investment Services: What Small Business Owners Should Know

All economies are built on the basic premise of bartering. Before the creation of currencies, humans exchanged goods by trading one good (or a basket of goods) for another. If someone wanted some of his neighbor’s More...

By Loknath Das On Saturday, January 13th, 2018
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Benami Property: Taxman Attaches Properties Worth Rs. 3,500 Crore

The amount includes immovable properties of over Rs. 2,900 crore, the taxman said (Representational image) Stepping up its action against Benami transactions, the Income Tax Department has attached properties More...

By Loknath Das On Saturday, January 13th, 2018
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Tax Officials Find Secret Letter On The Gutka Scam In Sasikala’s Room

The Income Tax officials raided Sasikala’s residence in Poes Garden in November last year CHENNAI:  The Income Tax department has told the Madras High Court that its confidential letter seeking action More...