Income Tax Department
- Middle East
Indian man in Kuwait faces Rs 3.63 crore tax case after no ITR
An Indian working in Kuwait, Narshibhai, faced a Rs 3.63 crore tax case after the Income Tax Department flagged large sums in his Indian bank accounts and found that he had not…
- Business
Over 7.8 crore ITRs filed for AY 2026-27 till August 31
New Delhi: A record over 7.8 crore ITRs have been filed for assessment year (AY) 2026-27 till August 31, the income tax department said on Tuesday, September 1. Last year, over 7.3…
- News
Bengaluru: Police, I-T dept seize Rs 10.3 cr, probe money trail
Bengaluru: A joint operation by the Income Tax Department and Electronic City police has led to the seizure of more than Rs 10 crore in cash allegedly being transported from Bengaluru towards…
- Hyderabad
I-T dept attaches 3 land parcels worth Rs 5.5 cr in Gopanpally
Hyderabad: The Benami Prohibition Unit of the Income Tax Department has provisionally attached three land parcels inGopanpally since ownership-like rights over the properties were acquired in the names of three persons but…
- Business
Meesho gets about Rs 1,500 cr income tax demand notice
New Delhi: E-commerce firm Meesho has received an income tax demand notice of around Rs 1,500 crore, including interest, which the company plans to contest, a recent company filing said. Meesho received…
- Bangalore
Karnataka HM Directs Police to Probe Circumstances Behind Realtor’s ‘suicide’
Bengaluru: Karnataka Home Minister G Parameshwara on Saturday, January 31, said the police have been directed to conduct an inquiry into the circumstances that led to the “suicide” of Confident Group chairperson…
- India
SC raps Income Tax Department for filing appeal in decided matter
New Delhi: The Supreme Court on Friday rapped the Income Tax Department for filing an appeal in a matter already decided, saying the frivolous exercise contributes to mounting pendency. A bench of…
- News
Taxpayers urged to file ITRs as September 15 deadline nears
New Delhi: With the Sept 15 deadline for filing Income Tax Returns for individuals approaching, over 4.56 crore people have filed their ITRs, while the submission of returns is accelerating as the…
- India
Delhi: CBI arrests IRS officer, aide in bribery case
New Delhi: The Central Bureau of Investigation (CBI) has arrested two persons, including a senior Indian Revenue Service (IRS) officer in the national capital, and his aide, for demanding and accepting a…
- India
India’s direct tax collections surge 16 pc to Rs 25.86 lakh crore
New Delhi: India’s direct tax collections recorded a robust 16.2 per cent growth to Rs 25.86 lakh crore during April 1, 2024 – March 16, 2025 of the current financial year compared…
- Business
Failure to disclose foreign assets, income to invite Rs 10L penalty: I-T dept
New Delhi: The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of Rs 10…
- Hyderabad
IT raids on Hyderabad firms for tax evasion
Hyderabad: The income tax department on Thursday, October 17, conducted raids on various firms across Hyderabad for alleged tax evasion. The raids are being conducted on Anvita Builders and other firms since…
- 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…
