Indian Bank gets demand notice for Rs.873 crore from income tax dept
Public sector Indian Bank has received a notice of demand from the assessment unit of the Income tax department for Rs. 873 crore.
Tag: income tax notice
IndiGo slapped with Rs.944 crore penalty by income tax department; airline vows to challenge in court
InterGlobe Aviation, the parent company of IndiGo, has been issued a penalty of Rs. 944.20 crore by the Income tax department for the assessment year 2021-22. The airline, however, has rejected the order, calling it “erroneous and frivolour,” and has vowed to challenge it through legal means.
A typo triggers a Rs 40 cr tax demand and four-year ordeal
Her travail began in November that year when a notice from the income tax (I-T) department pointed out that she had profited by more than ₹279 crore from stocks – a claim that boils down to a tax demand of over ₹40 crore. It was Monica Capoor’s first brush with the tax office.
I-T dept imposes Rs 944 cr penalty on IndiGo; airline to contest order
The Income Tax Department has issued an order against Interglobe Aviation Ltd, the parent company of IndiGo Airlines, imposing a penalty of Rs 944.20 crore.
Income Tax dept sends notices for HRA claims without TDS deductions. Here’s what you can do
The Income Tax Department is now reportedly sending notices to salaried taxpayers who have claimed House Rent Allowance (HRA), but did not deduct tax at source (TDS) on rent payments in the past financial years.
UP Juice Seller Shocked After Allegedly Receiving Rs 7 Crore Income Tax Notice
A middle-aged juice seller, who runs a small kiosk at the district court compound here, was left in shock after allegedly receiving an income tax notice seeking an outstanding payment of Rs 7.79 crore.
Income Tax Department issues notices to taxpayers over non deduction of TDS on rent of ₹50,000 or more per month
The Income Tax Department has issued notices to Taxpayers who have been paying a rent of ₹50,000 or more per month and not deducted Tax Deducted at Source (TDS) while remitting the amount to landlord, a tax expert said.
Care Health Insurance gets ₹ 104.7 cr demand notice from Income Tax Dept
Religare Enterprises Ltd (REL) on Monday said its subsidiary Care Health Insurance has received a demand notice of Rs.104.77 crore for the assessment years 2020-21and 2021-22.
Boatman’s family issued tax notice of Rs 12.8 crore for earning Rs 30 crore in 45 days of Maha Kumbh Mela!
According to CM Adityanath, the boatman and his family possessed 130 boats and each of the boats generated an average profit of Rs 23 lakh from January 23 to February 26. Following that social media was abuzz that the boatman had received a tax notice from the Income Tax Department, demanding Rs 12.8 crore in taxes under Sections 4 & 68 of the Income Tax Act, 1961.
E-commerce firm MSTC gets Rs.105.55-crore income tax demand
Government-owned e-commerce service provider MSTC Ltd on Friday (February 28) said it has received a ₹105.55-crore demand notice from the Income Tax Department under Section 156 of the Income Tax Act, 1961, for assessment year 2019-20.