income tax department news Archives

ITR For AY 2024-25: Income Tax Department Targets Undisclosed Foreign Assets With New Campaign – News18

Last Updated:November 16, 2024, 2:57 PM IST IT department to send messages to taxpayers who have not disclosed high-value foreign income or assets in their ITRs for AY 24-25 CBDT has launched a Compliance-Cum-Awareness Campaign for Assessment Year 24-25 The Income Tax Department announced on Saturday that it has initiated a campaign to send targeted…

IT Dept To Monitor Large Cash Payments At Hotels, Hospitals, Brand Stores; CBDT Asks ‘Non-intrusive’ Approach – News18

DainikNews Live Admin2 years ago06 mins

Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a “non-intrusive” manner, the CBDT has recently asked the Income Tax Department. The apex body for direct tax administration in the country — the Central Board of Direct Taxes — has also asked the tax…