Real estate broker’s excel sheet triggers Rs 48 lakh ‘cash payment’ tax notice; homebuyer wins relief in ITAT Ahmedabad

The Income Tax Department sent a tax notice to a husband deeming he bought new flat using Rs 48 lakh cash and had Rs 1.5 ...
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How income tax is calculated

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.