Income Tax Department
- India
Standard deduction for income tax payers may increase in Budget 2024
The standard deduction available for salaried income tax payers and pensioners is likely to increase in the upcoming Budget 2024. It has become the default option unless opted out of. Standard deduction…
- India
Link PAN to Aadhaar by May 31 or double TDS: IT dept to taxpayers
New Delhi: The income tax department on Tuesday asked taxpayers to link their PAN with their Aadhaar by May 31 to avoid tax deductions at a higher rate. As per income tax…
- Top Stories
Cong gets fresh I-T notice, total tax demand rises to Rs 3567 cr
New Delhi: In mounting trouble for the Congress, sources in the party said it has received fresh notices from the Income Tax department, raising a tax demand of Rs 1,745 crore for…
- India
Congress gets fresh IT notice of Rs 1,700 cr, say party insiders
New Delhi: The Income Tax department has served a fresh notice of Rs 1,700 crore to the Congress for discrepancies in tax returns for previous years, dealing another blow to the cash-strapped…
- News
Hyderabad: 24×7 control room to monitor illegal cash movement ahead of LS polls
Hyderabad: The Income Tax Department in Hyderabad has established a 24-hour control room to monitor and prevent the misuse of illegal cash and jewelry in the run up to the upcoming general…
- Business
Net direct tax collections for FY 2023-24 grow at over 19.88 p.c.
New Delhi: The provisional figures of direct tax collections for the Financial Year 2023-24 as on March 17, 2024, show that net collections were at Rs 18,90,259 crore as compared to Rs…
- India
I-T Dept detects cases of tax not being fully paid, fixes deadline to pay up
New Delhi: The Income Tax Department has identified some persons and entities whose payment of taxes for financial year 2023-24 is not commensurate with the financial transactions made by them during this…
- India
PM CARES: HC seeks IT’s stand on plea against order setting aside CIC direction
New Delhi: The Delhi High Court on Friday sought the stand of the Income Tax department on an appeal challenging an order that had set aside the Central Information Commission’s (CIC) decision…
- India
Income Tax dept freezes Congress’ accounts, party cries foul
New Delhi: The Income Tax department has frozen the Congress’ main bank accounts on “flimsy grounds”, treasurer Ajay Maken claimed on Friday and said this has affected all political activity of the…
- India
Centre cancels FCRA registration of Centre for Policy Research
New Delhi: The Union Home Ministry has cancelled the Foreign Contribution Regulation Act (FCRA) registration of the Centre for Policy Research (CPR) for alleged violation of laws, a move the public think-tank…
- Telangana
Telangana: I-T raids at Tandur Congress candidate’s factory, offices
Hyderabad: The Income Tax department on Friday, November 24, raided the offices and a factory belonging to Tandur Congress candidate Buyyani Manohar Reddy and his family members. The development comes just a…
- Telangana
BRS, BJP targetting Congress through ED, IT raids: Revanth Reddy
Hyderabad: Telangana Pradesh Congress Committee Chief A Revanth Reddy alleged the BRS – BJP was targeting the Congress through ED and IT raids fearing the victory of Congress. In a written statement…
- India
BJP misusing central agencies: Ashok Gehlot
Jaipur: Accusing the BJP of misusing the Enforcement Directorate and Income Tax department for political gains, Rajasthan Chief Minister Ashok Gehlot on Sunday said the people of the state understand this and…
- Telangana
IT raids at Miryalaguda BRS MLA Bhaskar Rao’s house in Telangana
Nalgonda: Ahead of the Telangana assembly polls, the Income Tax officials on Thursday, conducted raids at the residence of Miryalaguda BRS MLA Nallamothu Bhaskar Rao in Telangana. The raids are underway at…
- India
TN: Stalin says BJP ‘daydreaming’ of intimidating DMK through IT searches
Chennai: The Income Tax department’s searches are “intimidatory tactics” aimed at the DMK as the party is exposing BJP’s “anti-people” attitude, Chief Minister and ruling DMK President M K Stalin said here…
