Income Tax Department Launches Nationwide Restaurant Inspection Campaign

Income Tax Department Launches Nationwide Restaurant Inspection Campaign

Mumbai, March 9: The Income Tax Department has initiated a special campaign across the country to inspect restaurants suspected of underreporting sales. On March 8, surveys were conducted at 62 restaurants located in 46 cities across 22 states, revealing an initial case of approximately ₹408 crores in concealed sales. The department began investigating tax evasion … Read more

ICAI Suggests Joint Tax Filing for Married Couples

ICAI Proposes Reform for Joint Tax Returns The Institute of Chartered Accountants of India (ICAI) has proposed a significant reform that could allow married couples to file joint tax returns. This initiative aims to provide relief for families that primarily rely on a single source of income. Potential Benefits of Joint Filing The current income-tax … Read more