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3 mins read
ITR filing: Documents you need to file your income tax return
If you've paid premiums for a life or health insurance policy during the year, or invested in ELSS…
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
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
Crypto investor 'bitcoin Jesus' arrested and charged by the Justice Department with $48 million tax evasion
"Bitcoin Jesus" was arrested in Spain this week on charges including mail fraud and tax evasion.
Yuheng Zhan
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, …
2 mins read
Union Finance Minister Sitharaman chairs pre-budget meeting with finance ministers of states, UTs; GST Council to meet later today
Union finance minister Nirmala Sitharaman will be presiding over the meeting. The state ministers, …
ANI
1 min read
The door is slamming shut on a $50 billion tax loophole used by the superrich
The Treasury and IRS proposed new tax regulations for the uber-wealthy that will result in $50 bill…
Geoff Weiss
2 mins read
Centre releases ₹1,39,750 crore to states towards tax devolution for June
The biggest chunk of the fund went to Uttar Pradesh at Rs 25,069.88 crore, followed by Bihar at Rs …
ANI
1 min read
GST to be paid by telecom companies, along with instalments towards spectrum charges: Official
Telecom companies will have to pay GST along with the instalments paid towards spectrum charges, a …
PTI
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…
2 mins read
Biden's Education Department is considering avenues to make 450,000 more workers eligible for a key student-debt cancellation program
The Education Department issued a request for information on expanding Public Service Loan Forgiven…
Ayelet Sheffey
2 mins read
Higher cash seizures being recorded by I-T dept every assembly polls: CBDT
Cash seizures made by the Income-tax department during successive assembly elections have shown a s…
PTI
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
1 min read
IDBI Bank gets ₹2.97 crore GST demand order
The order includes a tax demand of Rs 1.42 crore as well as interest and penalty of Rs 1.41 cro…
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
2 mins read
Here's what Mark Cuban's $275.9 million in taxes would cover for the US government
Billionaire Mark Cuban came clean about the hefty chunk of change he paid in taxes this year, publi…
Erin Snodgrass
2 mins read
Govt hikes windfall tax on domestic crude, reduces levy on export of diesel
As per the Gazette of India, the Ministry of Finance, Department of Revenue, issued two notificatio…
ANI
2 mins read
New York and other states are using AI to hunt down wealthy remote workers and demand more tax
New York and other states are using AI-generated letters to challenge wealthy remote workers who ar…
Mikhaila Friel
2 mins read
Mobile Number Portability revamped to reduce SIM swap frauds – Here are the new rules
There has been a considerable increase in online scams in the country, with SIM swap scam emerging …