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2 mins read
CBDT forms committee for IT Act review; 'sunset' clauses to be eliminated
Central Board of Direct Taxes (CBDT) chairman Agrawal said the committee is looking at the best glo…
PTI
3 mins read
Income Tax department issues warning to taxpayers, asks them to stay safe from ITR Refund scams
There has been an increase in scams targeting Indian taxpayers after the Income Tax Return filing d…
2 mins read
ITR Filing: Today is the last day to file your income tax returns, so file today to avoid penalties
You will have to pay a penalty of Rs. 1,000 if your total annual taxable income is below Rs 5,00,00…
1 min read
First draft of new and simplified Income Tax law to be prepared by internal tax dept committee: Revenue Secretary
The exercise is not linked to bringing a new direct taxes code, but a comprehensive review of the i…
PTI
2 mins read
Majority of taxpayers to have substantial tax savings due to reduction of long term capital gains on real estate: IT Dept
The Budget has reduced tax rates on capital gains earned from sale of house properties held for lon…
PTI
1 min read
Cipla gets Rs 773 cr demand notice from I-T dept
Shares of Cipla on Tuesday settled 0.56 per cent down at Rs 1,507.50 apiece on the BSE.
PTI
2 mins read
Income Tax Department seizes record ₹1,100 crore cash and jewellery in Lok Sabha elections 2024
As per the sources, by the end of May 30th, the department had seized approximately Rs 1100 crore w…
ANI
1 min read
Link PAN with Aadhaar by May 31 to avoid double TDS deduction: Income Tax Department
The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid ta…
PTI
2 mins read
IT department declares 363 as cost inflation index for current fiscal
The Cost Inflation Index (CII) for fiscal year 2024-25 is 363, used by taxpayers to calculate long-…
PTI
2 mins read
Received a tax mismatch notice from the IT department? Here is how to set it right
An income tax mismatch notice can happen due to several reasons. In an increasingly digital world, …
1 min read
Direct tax collections rise 18% so far in current financial year
The government's gross direct tax collections have risen by 16.77 per cent to touch Rs 17.18 lakh c…
1 min read
I-T dept conducts survey at some entities of Hinduja Group
The Income Tax department on Wednesday conducted a survey operation at some entities of the Hinduja…
PTI
2 mins read
Income Tax dept to hire 50 young law, accountancy grads for better litigation at ITATs
The Income Tax Department has decided to temporarily hire 50 young law and chartered accountancy gr…
PTI
1 min read
ED conducts raids against Hero Motors' Pawan Munjal
The Enforcement Directorate on Tuesday conducted raids against Hero Motocorp executive chairperson …
PTI
3 mins read
ITR filing: Your guide to Form 26AS and why you should check for TDS discrepancies
To check if your employer has deducted TDS, follow these steps. First, register on the Income Tax D…
3 mins read
How HRA exemption can help you save tax in 2023-24
HRA exemption is available only if you are living in a rented house and opt for the old tax regime.…
3 mins read
IT department releases ITR 1 and ITR 4 offline forms ahead of time
The Indian Income Tax Department has released offline utilities for ITR Forms 1 and 4 that can be u…
1 min read
Enforcement Directorate files case against BBC for irregularities in foreign funds
The Enforcement Directorate has filed a case against BBC India under Foreign Exchange Management Ac…
ANI
2 mins read
BBC India survey indicated tax evasion on remittances, discrepancies in transfer pricing: Govt
The Income Tax Department gathered several evidences pertaining to the BBC India's operation which …
ANI
2 mins read
Income Tax department raids freshly listed Mankind Pharma’s premises over alleged tax evasion
The Income Tax department on Thursday conducted searches on the premises of Mankind Pharma over all…