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Income Tax department reportedly raids Xiaomi, Oppo and OnePlus offices in India
The report added that the raids at the distribution partners of Oppo began on Tuesday. “Di…
Due date for filing income tax returns extended to March 15, 2022 for individuals whose accounts are to be audited
The government has extended the deadline to file income tax returns for assessment year 2021-22 to …
Income tax filing deadline for FY21 extended to December 31
The government has extended the deadline because of continuous technical glitches reported on th…
Finance Ministry summons Infosys CEO over glitches in IT e-filing portal
The Ministry of Finance has summoned Infosys MD and CEO, Salil Parekh on Monday over continuing gli…
Govt exempts properties in Delhi's unauthorised colonies from income tax
It said tax would not be levied on "any immovable property, being land or building or both, receive…
PTI
Income tax returns with instant acknowledgment will help avoid penalty due to delay in processing
The feature will facilitate taxpayers, who have come almost close to the deadline of filing re…
CBDT exempts startup investments from 21 nations including US, UK from angel tax
India’s finance ministry has announced that non-resident investors in unlisted Indian start-ups fro…
PTI
CBDT notifies ITR forms for assessment year 2023-24
The Central Board of Direct Taxes (CBDT) has notified income-tax return forms (ITR forms) for the a…
SBI, ICICI, HDFC, Axis Bank, PNB and the Indian IT department targeted in phishing scam
Cyber criminals are trying to lure Indian users into revealing important personal information with …
Government pays ₹1,364 crore to over 20 lakh undeserving beneficiaries under PM-KISAN, reveals RTI data
RTI applicant Venkatesh Nayak of Commonwealth Human Rights Initiative (CHRI) who received th…
PTI
L&T and Zee Group accused of filing 'bogus' tax claims — verification underway
The Income Tax Department on Monday carried out limited verification exercise at the office premise…
How to calculate house rent allowance while computing income tax
House Rent Allowance (HRA) is provided to an employee to cut down the income tax liability. Th…
Rent at your parents’ place to avail the House Rent Allowance and save tax
House Rent Allowance (HRA) is offered to almost every salaried employee. Taxpayers who have been li…
Mutual funds will be taxes 10% only on dividend income, clarifies tax department
The new Budget proposal of taxing income distributed by asset managers to unit holders if such tran…
No intention to tax global income of NRIs in India, says FM
Following the Budget announcement on Saturday there was confusion about the tax liability of Non-R…
PTI
Govt stares at tax shortfall of Rs 2 lakh cr; room for personal income tax relief limited
New Delhi, Jan 26 () Tax collections in the current fiscal may fall short of targets by as much as …
PTI
Income Tax dept issues refunds of Rs 26,242 cr since April
"We are not delaying (refund). We are not sitting over it. I am giving it to you now because money…
PTI
Delhi govt budget 2021-22 aims at raising per capita income at par with Singapore by 2047
"Under previous governments in Delhi, establishment costs used to be around 70-80 per cent. In our …
PTI
Govt intends to remove all income tax exemptions in long run: FM
New Delhi, Feb 1 () After slashing income tax rates for individuals on condition that they give up …
PTI
Income Tax department uncovers a hawala nexus involving top infra firms
The raids resulted in busting of a "major racket of cash generation" by leading corporate houses in…