Tax Notices News

I-T dept can pick up returns for scrutiny up to six months from the end of the financial year in which the return was filedScrutiny notices are issued by the department for verification, regular assessment or reassessment or for limited scrutiny

DIN is likely to improve transparency and bring down the processing time of noticesDIN won’t be limited to new tax notices. It will also be issued to all the pending cases after they get computerized

The income tax department has identified 17.92 lakh individuals whose tax profiles were not in line with the cash deposits made by them during the demonetisation window

Notice under Section 133(6) of the Income Tax Act will be issued to any 'person under verification' who has failed to file a response, says CBDT

In 48 cases, the prosecution has been sanctioned and complaints have been filed in special courts for economic offences, says income tax department

CBDT chairman says has come to the income tax department's notice that people have been to convert their black money into white by depositing in bank accounts

Don’t send a wrong message, Hazare to Govt