Income Tax Department
Deposit this many cash in a year and the Income Tax Department may come knocking
Large cash deposits may trigger scrutiny from tax authorities, especially in India and the U.S. To avoid penalties, always maintain accurate records of your income and be transparent about the source of your funds. Understanding reporting thresholds and compliance rules is key to managing large deposits safely.
Income Tax Rules Changed from April! Pay Zero Tax on Income up to ₹12.75 Lakh – Check What’s New
In April 2025, India’s income tax system saw significant changes, including a new provision allowing zero tax for incomes up to ₹12.75 lakh. The reform simplifies the tax structure, offering tax-saving opportunities for salaried employees and businesses alike. This article breaks down the changes, offers practical advice, and provides clear examples for taxpayers to optimize their tax strategy.
Income Tax Department to Send Tax Notices to 40,000 Taxpayers – Find Out What’s Happening
The Income Tax Department is sending 40,000 notices to non-filers and high-income earners for tax discrepancies. This article explains why, who is affected, and how to respond, ensuring compliance and avoiding penalties.
Income Tax Dept Can Now Scan Your Social Media & Emails Secretly – Here’s Why!
The Income Tax Department now has the authority to scan social media accounts, emails, and digital transactions to prevent tax evasion. With stricter regulations expected by April 1, 2026, individuals and businesses must ensure accurate income declarations and transparent digital transactions. Learn how to stay compliant and protect your privacy in this in-depth guide.
