Taxes

ITR Filing Deadline Today: Over 6 Crore Returns Filed! What Happens If You Missed the Last Date?

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ITR

The last date to file income tax returns (ITRs) for the financial year (FY) 2022-23 is here, and the government has not indicated any extension to the deadline yet. As of Sunday, the Income Tax Department has received a record-breaking number of more than 6 crore ITRs, with nearly 27 lakh filings on the final … Read more

Indian agency accuses Samsung of evading $212 million in import taxes: Report

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Indian agency accuses Samsung of evading $212 million in import taxes: Report

Bengaluru: A government agency has accused the local unit of South Korea’s Samsung Electronics of evading import taxes worth 17.28 billion rupees ($212 million) by misclassifying a product, the Economic Times reported today. The Directorate of Revenue Intelligence (DRI) said Samsung India Electronics Ltd misclassified networking devices called remote radio heads to avail undue exemption … Read more