Tag: Income Tax Department

Large-cap stock picks: Better placed for medium- to long-term investors: 6 large-caps from different sectors with an upside potential of up to 41%

Stocks
SynopsisAs a growing economy, India has been performing well. The slowdowns we have seen are cyclical in nature and will keep occurring occasionally. But the overall trend is that of growth. Hence, it is better...

Adani Ports Q4 earnings: Net profit grows 50% in fourth quarter to Rs 3,023 crore

Business
Adani Ports' operational revenue grew by 23% year-on-year to Rs 8,488 crore Adani Ports Q4 results: Adani Ports witnessed a substantial 50% year-on-year increase in consolidated net profit, reaching Rs 3,023 crore for the...

Data helps Taxman unearth foreign assets worth Rs 22,000 cr

Economy
New Delhi: The Income Tax Department has detected ₹22,000 crore during a drive against undisclosed foreign assets and investments, a senior official told...

Taxpayers take note! Income Tax department recovers Rs 37,000 crore from individuals not filing returns despite taxable income

Business
An expanded and stricter tax collection and TDS system has helped identify significant transaction. (Image source: Freepik) Income Tax Department’s extensive crackdown!...

Tough to mop up taxman’s outstanding demand

Economy
The outstanding tax demand of the income-tax department has grown more than fourfold to ₹42 lakh crore as on October 1 this year,...

CBDT launches compliance-cum-awareness campaign for AY 2024-25 to assist taxpayers in reporting foreign assets and income

Economy
New Delhi: The Central Board of Direct Taxes (CBDT) has launched a Compliance-Cum-Awareness Campaign for Assessment Year (AY) 2024-25 to assist taxpayers in...

Over 34.84 lakh IT audit reports filed on e-filing portal up to Oct 7: Finmin

Economy
The finance ministry on Wednesday said more than 34.84 lakh audit reports, including about 34.09 lakh Tax Audit Reports (TARs), have been filed...

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