Income tax

India
May 13, 2020
Centre extends deadline of filing ITR for FY20 to Nov 30
New Delhi: In a major relief for taxpayers amid the coronavirus pandemic, the Centre on Wednesday announced the extension of the due date for filing income tax returns for the financial…
Politics
March 1, 2020
Cong slams Centre over Chh’garh raids, reminds federalism
New Delhi: The Congress has launched an attack on the Union Government over Income Tax raids in Chhattisgarh for the past 4 days and termed it as “Coercive & Insecure…
Business
February 1, 2020
Breaking down the new Income Tax structure
The Union Budget presented by Finance Minister Nirmala Sitharaman has proposed major changes in Income Tax rates. A new Section 115 BAC is being introduced whereby an individual and HUF…
Top Stories
February 1, 2020
Budget 2020: New income tax slabs announced
New Delhi: In a major relief for individual taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced a new regime of personal income tax. New personal income tax regime “Under the…
India
January 24, 2020
20% of salary will be cut if fail to furnish these details: CBDT
NEW DELHI: All salaried class have been alerted that your employers will soon deduct 20 per cent of your salary as TDS if you fail to furnish Permanent Account Number…
Hyderabad News
November 28, 2019
Gangster Nayeem’s wife presented before Income Tax officials
Hyderabad: Official of Income Tax Dept. had issued a notice to Haseena Begum, wife of gangster, Nayeem about Benami properties. She told the officials that her husband, Nayeem never used…
Delhi
October 23, 2019
I-T raids unearth Rs 1,000 cr worth hawala money in Delhi
New Delhi: In a massive search operation in Delhi, the Income Tax (I-T) department has unearthed hawala and other accommodation entries of more than Rs 1,000 crore. The tax department…
Bangalore News
October 15, 2019
Karnataka: G Parameshwara appears before I-T Department
Bengaluru: Former Karnataka deputy chief minister G Parameshwara on Tuesday appeared before Income Tax Department for a hearing in Bengaluru days after Rs 4.52 crores were recovered from raids conducted…
Bangalore News
October 11, 2019
K’taka: IT raids Siddhartha Medical College
Tumkur (Karnataka): Income tax sleuths continued to raids locations linked to Congress leader and former Deputy Chief Minister G Parameshwara on Friday. The IT department today conducted a raid at…
India
September 14, 2019
Reliance First Family gets Income Tax notices
Mumbai: Members of Mukesh Ambani family reportedly got notice from Income Tax Department of Mumbai unit. The notice was served under Black Money Act. Notices were served to Mukesh Ambani’s…
India
September 13, 2019
UP exchequer pays CM’s income tax, parties in shock
Lucknow: The shocking revelation that the Uttar Pradesh exchequer has been paying the income tax of Chief Ministers and their Ministers since 1981 has left all political parties in shock. A…
News
August 26, 2019
Abolish income tax to eliminate economic crisis: Swamy
Swamy informed that he is also coming up next month with a book, suggesting steps to spur economic growth. Chandigarh: Batting for abolishing income tax, hiking interest rate on fixed…
Business
July 24, 2019
Date for filing ITR extended to August 31, 2019
New Delhi: The date for filing income tax returns (ITR) for the assessment year 2019-20 has been extended to August 31, 2019, said the government in a statement on Tuesday…
Hyderabad News
July 22, 2019
Income Tax day Celebrations
Hyderabad: On the occasion of 159th Income Tax Day, the Income Tax Department, Andhra Pradesh & Telangana Region, Hyderabad, is observing the Income Tax Day Celebrations on July 24 at 4.00…
India
July 5, 2019
Addtional income tax rebate for purchasing electric vehicles: Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman said on Friday that India can become a global hub of manufacturing electric vehicles and announced a series of sops including likely reduction in…
India
July 2, 2019
SC dismisses contempt petitions against former, present revenue secretaries
New Delhi [India]: The Supreme Court has dismissed the contempt petitions of former Income Tax commissioner SK Srivastava against former revenue secretary Hasmukh Adhia and current revenue secretary AB Pandey.…
India
June 27, 2019
Disability pension of all ranks of armed forces to be exempt from Income Tax
New Delhi [India]: The Centre on Monday clarified that disability pension of all armed forces irrespective of rank shall continue to be exempt from income tax. The tax exemption will…
Crime
June 10, 2019
Silver worth Rs 40 cr seized in Hyderabad
HYDERABAD: The Hyderabad police have seized 10.5 tonnes of silver worth around Rs 40 crore, transported to the city from Chennai. Police personnel at Bowenpally in Secunderabad stopped three containers…
Delhi
May 17, 2019
Delhi HC refrains Centre from taking action against Gautam Khaitan in money laundering case
New Delhi [India]: The Delhi High Court on Thursday refrained the central government and the Income Tax Department from taking any action at this stage from proceeding against lawyer Gautam…
Crime and Accident
April 13, 2019
Rs 169 cr unaccounted cash seized in TN so far
Chennai: A total of Rs 169.61 crore unaccounted cash has been seized by Election Commission officials and Income Tax (IT) department in Tamil Nadu till date, a senior poll panel…
India
April 13, 2019
Namakkal raids: I-T sleuths seize unaccounted cash worth Rs 14.54cr
Namakkal: Income Tax department officials have seized unaccounted cash worth Rs 14.54 crore from the premises of PSK Engineering Construction and Co in Namakkal district. Out of the amount seized,…
Andhra Pradesh News
April 10, 2019
AP: I-T Dept carries out raids at TDP MP Galla Jayadev’s residence
Guntur (Andhra Pradesh): Income tax sleuths on Tuesday raided different locations related to Telugu Desam Party (TDP) MP Galla Jayadev. Confirming the raids, TDP spokesperson Lanka Dinakar said Jayadev, along…
Stock Market
April 5, 2019
IT denies reports, facts state ’88 lakh tax filers avoided filing returns during Demonetization’
Mumbai: The Central Board of Direct Taxes (CBDT) on Thursday denied having a word called ‘Stop Filers’ in its glossary and said it does not maintain any database of ‘Stop…
India
April 5, 2019
Demonetisation had phenomenal impact on widening tax base, direct tax collections: CBDT
New Delhi: The Income tax department on Thursday claimed certain news items in a section of media regarding spike in the income tax “stop filers” could be due to loss…
India
March 30, 2019
I-T Dept raids DMK treasurer Durai Murugan’s Vellore residence
Vellore: Income Tax department and Election Commission officials are conducting raids since last night at Dravida Munnetra Kazhagam (DMK) treasurer Durai Murugan’s residence in Vellore, officials said on Saturday. Kingston…
Business
March 28, 2019
Tax raids on Karnataka businessmen: Official
Bengaluru: Income-Tax (I-T) Department officers on Thursday started searches in the premises of a few Karnataka businessmen for alleged tax evasion, an official said. “Raids are underway in the premises…
India
March 23, 2019
IT sleuths to keep an eye on sensitive seats, bank branches
New Delhi: Income tax officials have been directed to keep an eye on sensitive Lok Sabha seats, especially sensitive bank branches, during the ensuing general elections. The direction to the…
Crime and Accident
March 16, 2019
Rs 1.44 cr undisclosed cash seized in Income Tax raids in Kashmir
Jammu: The Income Tax Department on Friday said it seized Rs 1.44 crore in undisclosed cash and Rs 2.48 crore worth unaccounted jewellery in searches conducted in five locations in…
India
March 12, 2019
Mayawati aide raided by Income Tax wing
Lucknow: The Lucknow and New Delhi residences of retired IAS officer Net Ram, a close aide of former Uttar Pradesh Chief Minister Mayawati, were raided by the Income Tax department…
India
March 12, 2019
Mayawati aide raided by Income Tax wing
Lucknow: The Lucknow and New Delhi residences of retired IAS officer Net Ram, a close aide of former Uttar Pradesh Chief Minister Mayawati, were raided by the Income Tax department…