Income tax in India

SC backs validity of 90,000 I-T reassessment notices made after Apr 1, 2021

TheSpuzz Desk3 months ago07 mins

Source: Business Standard The top court allowed the appeal of the Income Tax Department | (Photo: Shutterstock) 4 min read Last Updated : Oct 04 2024 | 1:30 PM IST In a relief to the Income Tax Department, the Supreme Court has upheld the validity of nearly 90,000 reassessment notices issued by the revenue…

Lesser settlement amounts for those who file tax declaration by Dec 31

TheSpuzz Desk3 months ago04 mins

Source: Business Standard 3 min read Last Updated : Sep 21 2024 | 3:54 PM IST The Income Tax Department on Saturday said it has notified dispute resolution scheme Vivad Se Vishwas scheme 2.0 that provides for lesser settlement amounts for taxpayers who file declaration on or before December 31, 2024, in comparison to…