Income Tax: Nepalese citizens plea puts I-T in dock for invoking Black Money Act indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Income tax department has said no action will be taken for a short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31; Know how to link your PAN with Aadhaar
Tax deducted at source (TDS): While it is important to deduct a correct amount of TDS in certain transactions, it is also important to check the status of the deductee s PAN. If the TDS deductor does not check the status of PAN of the deductee on the date of TDS deduction then all the penalty and other legal repercussions would be applied to him and nobody else.
Hero MotoCorp on Thursday said the Income Tax Department has issued a notice for a total ₹605 crore including interest for six assessment years (FY14 to FY18 & FY20).
Congress receives fresh income tax notices worth ₹1,745 crore for assessment years 2014-15 to 2016-17, total notice now stands at ₹3,567 crore. BJP accused of tax terrorism ahead of Lok Sabha elections.