Glitches remain on I-T portal ahead of Finance Minister’s deadline

Routine tasks still a challenge, say tax practitioners while taxpayers face penalties for delayed filing The Income Tax portal remains a festering worry for taxpayers scrambling to file their returns, ahead of the September 15 deadline set by Union Finance Minister Nirmala Sitharaman for the portal’s tech developer, Infosys, to resolve glitches. Tax practitioners said… Continue reading Glitches remain on I-T portal ahead of Finance Minister’s deadline

I-T probing post-demonetisation Mumbai realty deals

Over 16,000 cases of undisclosed capital gains reflect high cash use or unrealistic guideline values The business of property in the country’s most expensive real estate market may have seen a considerable presence of cash in the wake of demonetisation, recent data analysis by the Income Tax (I-T) department shows. I-T officials have identified undisclosed… Continue reading I-T probing post-demonetisation Mumbai realty deals