There’s been a surge in income tax notices. Here’s why, and how to respond.

There’s been a surge in income tax notices. Here’s why, and how to respond.

Source: Live Mint There has been a marked increase in the number of income tax notices issued to taxpayers across India in recent months. These communications – on everything from defective returns to demands for additional taxes – have caused anxiety and confusion, especially among individual taxpayers.  This article delves deeper into the reasons behind…

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New-Age Tech Stocks | Policybazaar pips CarTrade to log biggest weekly gain; Zomato ‘upgraded’ on near-term profit | Stock Market News

New-Age Tech Stocks | Policybazaar pips CarTrade to log biggest weekly gain; Zomato ‘upgraded’ on near-term profit | Stock Market News

Source: Live Mint New-age tech stocks such as Paytm, Zomato, Nykaa, among others, witnessed rapid changes in their respective stock prices this week when domestic equity benchmarks Sensex and Nifty 50 logged record highs on strong global cues. Some of the top new-age tech stocks snapped their winning streaks, while others outperformed the frontline benchmarks…

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Income tax: Scores of taxpayers get I-T notices under section 148; can be challenged, says ICAI ex-chief Ved Jain | Mint

Income tax: Scores of taxpayers get I-T notices under section 148; can be challenged, says ICAI ex-chief Ved Jain | Mint

Source: Live Mint Some income taxpayers have reportedly received notices under section 148, which is related to the reopening of assessments for the assessment years 2014-15, 2015-16, 2016-17 and 2017-18. A former president of the Institute of Chartered Accountants of India ((ICAI), the chartered accountants’ professional body, believes that these tax notices are wrongly sent…

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