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Listed real estate firm Sobha Ltd has received demand notices of nearly Rs.46 crore from the Income Tax Department. The Bengaluru-based company said that it is in the process of filing an appeal before the Commissioner of Income Tax (Appeals), against the orders within the prescribed timelines.
The income tax (I-T) department has announced that eligible outstanding direct tax demands have been remitted and extinguished. In other words, the taxpayers who were staring at petty tax demands of lower than Rs.1 lakh from the department now have a reason…
The tax demand of Rs 4,000 crore includes tax due, interest, and penalty against the company for wrongful claims and deductions The Income Tax Department has issued a final notice to Shree Cement post-completion of the probe for tax liability of…
Indian pharma major Zydus Life said that its subsidiary, Zydus Healthcare Limited, received an Income Tax demand of Rs 284.58 crore. Zydus Healthcare Limited, a wholly-owned subsidiary of Zydus Life received an intimation under section 143(1) of the IT Act for the assessment…