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13/11/2023

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11/10/2023

Madras High Court Adjourns Actor Vijay’s Plea Over ₹1.5 Crore Income Tax Penalty.
The Madras High Court has rescheduled the hearing of a writ petition filed by popular actor C. Joseph Vijay, commonly known as Vijay, pushing it to October 30, 2023. This petition, initiated in the preceding year, contests an order issued by the Income Tax Department on June 30, 2022, which imposed a substantial penalty of ₹1.5 crore on the actor. The penalty was levied based on the assertion that Vijay had neglected to voluntarily disclose an additional income of ₹15 crore for the financial year 2015-16.

08/10/2023

07/10/2023

India set a new record for individual income tax returns (ITRs) filed in financial year 2022-2023. By July 31, 2023, a record 6.77 crore ITRs had been filed, including 53.67 lakh returns filed by first-time filers. This is a 16.1% increase from the total number of ITRs filed in financial year 2021-2022 (5.83 crore) by July 31, 2022, according to the income tax department.

06/10/2023

On 1 October 2023, Dream11 changed how deposits work to comply with the new 28% Government Tax (GST).

02/03/2022