Approximately 500,000 taxpayers got notifications from the Income Tax department about their advance tax payments between April and August of this year. The notifications concerned either no advance tax payments or reduced advance tax payments. The council has provided these indications after evaluating the significant transaction...

Many professionals who earned income outside of their normal salary but did not mention it in their tax forms have received letters from the income-tax department. The majority of the warnings were sent out for the 2019–2020 and 2020–21 fiscal years. The revenue from the...