April 2, 2026

unreported

1764290725 representative image.jpg

Income Tax ‘nudge’ for 25k cases of unreported foreign assets, income

contact@dailyupdatesindia.com02 mins

NEW DELHI: The income tax department has launched a fresh campaign to nudge those with overseas assets or income to disclose details in India. Initially, around 25,000 high-risk cases will be targeted through SMS and e-mails, with the campaign proposed to be expanded mid-Dec to cover others, and improve the compliance ecosystem.The initiative comes exactly…

Read More
I t dept flags unreported cash property deals in bihar and up asks sub registrars to act.jpg

I-T dept flags unreported cash property deals in Bihar and UP, asks sub-registrars to act | India News

contact@dailyupdatesindia.com02 mins

NEW DELHI: The income tax department has turned the spotlight on cash transactions of over Rs 2 lakh in property deals and has come across several instances in Bihar and Uttar Pradesh, especially in districts bordering Nepal, where there have been violations and sub-registrars have not shared data.During a nationwide exercise – undertaken following Supreme…

Read More