More than 35,000 property transactions valued at over ₹55,000 crore in Gurugram’s Badshahpur area have come under the scrutiny of the Income Tax Department following the detection of significant gaps in the reporting of high-value real estate deals. The transactions were either not reported to tax authorities or were submitted with incorrect Permanent Account Number...
With the deadline for filing Income Tax Returns (ITRs) fast approaching, the Income Tax Department has made it clear that there will be no further extension beyond July 31, 2026, for eligible taxpayers. The announcement comes amid growing speculation that the deadline might be extended due to the large number of pending filings. Officials have...
In a significant effort to enhance taxpayer services, the Income Tax Department has entrusted the PAN 2.0 Project to the winning bidder, M/s LTIMindtree Limited. This initiative, which received prior approval from the Cabinet Committee on Economic Affairs (CCEA), is scheduled to launch within the next 18 months. The PAN 2.0 Project aims to establish...