tax audit

New Delhi, March 9 The Income-Tax Department is conducting a multi-city verification exercise across various restaurants after its Hyderabad investigation wing recently found alleged under-reporting of sales by these outlets through manipulated billing software to evade tax, official sources...

New Delhi, February 25 The government has released draft income tax forms that require disclosure of the tenant-landlord relationship to claim I-T deductions, and increased the responsibility of auditors and companies for claiming tax credits on foreign income.The draft forms also propose to...