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Dirty data alarms Indian taxpayers with huge bills

Dirty data alarms Indian taxpayers with huge bills
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India
Chirag-chauhan
Tax-india
Advance-tax
Reporting-entities

Inconsistencies in advance tax notices? Here's what you should do?

Under the income tax rules, specified institutions are required to furnish SFT to the I-T department with the details of certain financial transactions or any reportable account registered/recorded/maintained by them during the year.

Mumbai
Maharashtra
India
Chirag-chauhan-cachirag
Chirag-chauhan
Nitesh-buddhadev
Income-tax-department
Advance-income-tax
Income-tax
Annual-information-statement
Advance-tax
Income-tax-india

ITR portal shows inflated income to some taxpayers; Rs 450 showed as Rs 45000. Here's what to do if you face similar issue

The Income-tax department said on X said that they have "identified certain inconsistencies in the data of the securities market (SFT-17) provided by one of the Reporting Entities." It appears that due to this the Income-tax department s Compliance Portal showed highly inflated transaction values for some taxpayers in their annual information statement (AIS). Some taxpayers say that their sale consideration of Rs 4 lakh got inflated to Rs 17 crore. There are many taxpayers who complained on X about the Compliance Portal showing inflated transaction values in their AIS.

Mumbai
Maharashtra
India
Chirag-chauhan
Naveen-wadhwa
Income-tax-department
National-securities-depository-limited
Central-depository-services-limited
Compliance-portal
Advance-tax
Might-also-like
Compliance-portal

I-T dept flags financial reporting error after sending advance tax notices; asks tax-payers to wait for updates

The Income Tax department has clarified that due to a data reporting error by a yet-unnamed entity, taxpayers have received notices for paying higher advance tax for financial year 2023-24. The I-T department has now asked such taxpayers to wait for updated data.

Shweta-ajmera
Chirag-chauhan
Ca-chauhan-co-chartered-accountants
Significant-transaction
Advance-tax
Income-tax-india
Chartered-accountant-shweta-ajmera
Specified-financial-transaction

With gold soaring, should advisors seek an alternative in copper?

With gold soaring, should advisors seek an alternative in copper?
investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.

United-states
China
American
Chinese
Chirag-chauhan
Fred-coyne
Phil-kosmala
International-monetary-fund
Sprott-copper-miners
Sprott-junior-copper-miners
Bluff-city-advisory
International-monetary