ITDepartment

Advance Tax Simplified: A Comprehensive Awareness Program

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Advance Tax Simplified: A Comprehensive Awareness Program

The Income Tax Department in Shimla recently held an advance tax awareness program to help taxpayers understand their obligations better. The event, overseen by Shalini Bhargava, Principal Commissioner, Income Tax-1, Chandigarh, and Raja Ghosh, Additional Commissioner, Income Tax, Range Shimla, aimed to demystify advance tax under the Income Tax Act, 1961. Key Takeaways on Advance … Read more

High-Value Transactions Under the Scanner.

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High-Value Transactions Under the Scanner.

The Income Tax Department is cracking down on big spenders who might be dodging their taxes. They’re using advanced data analysis and working closely with financial institutions to keep a close eye on high-value transactions to ensure everyone pays their fair share. What’s Being Monitored? The I-T Department is partnering with banks, post offices, co-operatives, … Read more