Tax Audit
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ITR Filing FY 2024-25: Revised Deadlines, Penalties And Key Updates
The Central Board of Direct Taxes (CBDT) has extended the Income Tax Return (ITR) filing due date for AY 2025-26 from July 31 to September 15.
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Submit Income Tax Audit Report Today To Avoid Penalties
The Centre has extended the deadline to file income tax audit reports for FY 2023-24. Originally set for September 30, the new October 7 deadline offers businesses and professionals a reprieve. Experts warn that further extensions are unlikely.
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Government Extends Income Tax Audit Deadline To October 7 Amid Filing Difficulties
The Government has extended the deadline due to technical issues faced by taxpayers during electronic submissions.
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5 Income Sources Salaried Taxpayers Must Mention While Filing I-T Returns
Attention taxpayers! The last date to file an Income Tax Return (ITR) for individuals, who don't need an audit of their accounts, is almost here. The due date is July 31, 2024.
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Trump Could Owe Over $100 Million In Taxes If He Loses Audit Case: Report
Former US President Donald Trump could owe more than USD 100 million in taxes if he loses years-long Internal Revenue Service (IRS) inquiry into his claims of huge losses on his Chicago skyscraper, the New York Times reported.
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Italy Begins Audit of Meta in Tax Case That Could Cost Facebook Parent $925 Million
Italy expects to take until the end of the year for an initial assessment of Facebook parent Meta in a tax case that could land the US company with a bill of around EUR 870 million ($925 million or roughly Rs. 7,611 crore) and prove a test case for the tech sector.
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Audit Report Flags Data Non-Sharing Between Tax Department, Home Ministry
The CAG has slammed the income tax department for not formulating a data sharing mechanism with the Home Ministry to keep track of foreign contributions received and their utilisation for the declared purpose by charitable trusts and institutions.
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Facebook to Pay More Than $110 Million in Back Taxes in France
Facebook's French subsidiary has agreed to pay more than EUR 100 million ($118 million) in back taxes, including a penalty, after a ten-year audit of its accounts by French tax authorities, the company said on Monday.
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Government Panel To Handle Investigations Against 3 Gandhi Family Trusts
Three trusts linked to the Gandhi family will be investigated for alleged financial wrongdoings, the government said today. The Home Ministry has formed an inter-ministerial committee to coordinate investigations into alleged violation of income tax and foreign donation rules by Rajiv Gandhi Foundation, Rajiv Gandhi Charitable Trust and Indira Gand...
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CAG To Audit Impact Of Demonetisation And Its Effect On Tax Revenues
The Comptroller and Auditor General of India (CAG) plans to audit the impact of note ban and the effect it has had on the government's tax revenues, said CAG Shashi Kant Sharma.
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Warren Buffett Slams Donald Trump Over His Tax Returns
Warren Buffett, the third-richest man in the world, on Tuesday slammed Donald Trump for his remarks on him taking a "massive" deduction to avoid federal income tax, releasing his own tax information and challenging the controversial real estate tycoon to do likewise.
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Maharashtra BJP, 7 Other Parties Get Notice For Not Filing Tax Returns
The State Election Commission of Maharashtra (SECM) has issued notices to eight political parties, including the BJP, for not submitting Income Tax returns and audited accounts despite repeated reminders.
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'Donald Trump Will Release Tax Details After Audit Is Complete'
Donald Trump will release his tax details only after its audit is completed, his aide said today even as a top Republican leader claimed that it was unlikely to impact the party's presumptive nominee's electoral prospects.
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US, India To Cooperate On Checking Tax Evasion, Terror Funding
India and the US have agreed to enhance cooperation on tackling offshore tax evasion through information sharing and joint audits, while intensifying efforts to combat money laundering and terror financing.
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Deadline for E-Filing Tax Returns Extended Till October 31
The government on Thursday extended the deadline for e-filing of all Income Tax returns and audit reports till October 31, 2015.
-
ITR Filing FY 2024-25: Revised Deadlines, Penalties And Key Updates
The Central Board of Direct Taxes (CBDT) has extended the Income Tax Return (ITR) filing due date for AY 2025-26 from July 31 to September 15.
-
Submit Income Tax Audit Report Today To Avoid Penalties
The Centre has extended the deadline to file income tax audit reports for FY 2023-24. Originally set for September 30, the new October 7 deadline offers businesses and professionals a reprieve. Experts warn that further extensions are unlikely.
-
Government Extends Income Tax Audit Deadline To October 7 Amid Filing Difficulties
The Government has extended the deadline due to technical issues faced by taxpayers during electronic submissions.
-
5 Income Sources Salaried Taxpayers Must Mention While Filing I-T Returns
Attention taxpayers! The last date to file an Income Tax Return (ITR) for individuals, who don't need an audit of their accounts, is almost here. The due date is July 31, 2024.
-
Trump Could Owe Over $100 Million In Taxes If He Loses Audit Case: Report
Former US President Donald Trump could owe more than USD 100 million in taxes if he loses years-long Internal Revenue Service (IRS) inquiry into his claims of huge losses on his Chicago skyscraper, the New York Times reported.
-
Italy Begins Audit of Meta in Tax Case That Could Cost Facebook Parent $925 Million
Italy expects to take until the end of the year for an initial assessment of Facebook parent Meta in a tax case that could land the US company with a bill of around EUR 870 million ($925 million or roughly Rs. 7,611 crore) and prove a test case for the tech sector.
-
Audit Report Flags Data Non-Sharing Between Tax Department, Home Ministry
The CAG has slammed the income tax department for not formulating a data sharing mechanism with the Home Ministry to keep track of foreign contributions received and their utilisation for the declared purpose by charitable trusts and institutions.
-
Facebook to Pay More Than $110 Million in Back Taxes in France
Facebook's French subsidiary has agreed to pay more than EUR 100 million ($118 million) in back taxes, including a penalty, after a ten-year audit of its accounts by French tax authorities, the company said on Monday.
-
Government Panel To Handle Investigations Against 3 Gandhi Family Trusts
Three trusts linked to the Gandhi family will be investigated for alleged financial wrongdoings, the government said today. The Home Ministry has formed an inter-ministerial committee to coordinate investigations into alleged violation of income tax and foreign donation rules by Rajiv Gandhi Foundation, Rajiv Gandhi Charitable Trust and Indira Gand...
-
CAG To Audit Impact Of Demonetisation And Its Effect On Tax Revenues
The Comptroller and Auditor General of India (CAG) plans to audit the impact of note ban and the effect it has had on the government's tax revenues, said CAG Shashi Kant Sharma.
-
Warren Buffett Slams Donald Trump Over His Tax Returns
Warren Buffett, the third-richest man in the world, on Tuesday slammed Donald Trump for his remarks on him taking a "massive" deduction to avoid federal income tax, releasing his own tax information and challenging the controversial real estate tycoon to do likewise.
-
Maharashtra BJP, 7 Other Parties Get Notice For Not Filing Tax Returns
The State Election Commission of Maharashtra (SECM) has issued notices to eight political parties, including the BJP, for not submitting Income Tax returns and audited accounts despite repeated reminders.
-
'Donald Trump Will Release Tax Details After Audit Is Complete'
Donald Trump will release his tax details only after its audit is completed, his aide said today even as a top Republican leader claimed that it was unlikely to impact the party's presumptive nominee's electoral prospects.
-
US, India To Cooperate On Checking Tax Evasion, Terror Funding
India and the US have agreed to enhance cooperation on tackling offshore tax evasion through information sharing and joint audits, while intensifying efforts to combat money laundering and terror financing.
-
Deadline for E-Filing Tax Returns Extended Till October 31
The government on Thursday extended the deadline for e-filing of all Income Tax returns and audit reports till October 31, 2015.
