Income tax
- Hyderabad
Hyderabad: Unidentified persons booked for impersonating IT officials
Hyderabad: The Cybercrime police on Thursday, September 26 booked unidentified persons for impersonating income tax officials from Telangana and Andhra Pradesh (AP). The individuals created a fake profile on WhatsApp using the…
- Hyderabad
IT dept raids at house of news channel founder in Hyderabad
Hyderabad: In a significant development, the Income Tax (IT) department conducted raids in Hyderabad at the residence of Bolla Ramakrishna, the founder of a prominent news channel, located in Rainbow Vista, Kukatpally.…
- News
New record of over 7.28 cr income-tax returns filed: Tax dept
New Delhi: A new record of over 7.28 crore income tax returns was filed by the July 31 deadline, the income tax department said on Friday. The income tax returns (ITRs) filed…
- India
Today is last day for ITR filing: Who must file to avoid penalty?
Today is the last date for filing the Income Tax Return (ITR) for the assessment year 2024-25 to avoid a late fee penalty. As of July 26, over 5 crore ITRs have…
- India
Govt imposes stringent norms to obtain clearance certificate before leaving India
Indian residents may need to obtain a clearance certificate from income tax authorities in compliance with the Black Money Act, to leave India, effective from October 1, 2024. This is to ensure…
- India
Relief for salaried class under new tax regime; 50 per cent hike in standard deduction
New Delhi: In sops for the middle class, Finance Minister Nirmala Sitharaman on Tuesday hiked standard deduction by 50 per cent to Rs 75,000 and tweaked tax slabs under the new income…
- India
Union Budget 2024: Standard deduction hiked, income tax rates announced
Standard deduction have been hiked and rates of new income tax slabs have been announced by the Union Finance Minister Nirmala Sitharaman while presenting her seventh consecutive Union Budget on Tuesday, which…
- Telangana
Telangana HC issues notices to CS on govt paying CM, ministers’ tax
Hyderabad: The Telangana High Court has issued notices to the Chief Secretary and Principal Secretary of the General Administration Department, directing them to respond to a Public Interest Litigation (PIL) that challenges…
- 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
I-T sleuths raiding Congress functionary’s house to defame me: Shivakumar
Kanakapura: Karnataka Deputy Chief Minister D K Shivakumar on Wednesday said the Income Tax sleuths were raiding the houses of Congress block presidents to defame him and to obstruct them from election…
- Kolkata
No search of helicopter in WB, Abhishek wasn’t present: I-T sources
New Delhi: As a row erupted over the TMC’s claim of a “raid” by income tax officials targeting a helicopter used by party general secretary Abhishek Banerjee, I-T department sources claimed on…
- Kolkata
IT officials raided Abhishek’s helicopter in Kolkata, claims TMC
Kolkata: The Trinamool Congress on Sunday said its general secretary Abhishek Banerjee’s helicopter was raided by Income Tax officials in Kolkata’s Behala flying club and alleged this was part of a deliberate…
- Chennai
Tamil Nadu: IT conducts searches at DMK leader’s premises
Tirunelveli: Income Tax officials on Thursday conducted searches at the premises of senior DMK leader and former Speaker R Avudaiyappan here, sources said. He is the DMK’s District Secretary for Tirunelveli (East)…
- Business
Income Tax Dept throws open e-portal for filing ITRs
New Delhi: Central Board of Direct Taxes (CBDT) on Thursday said that has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24)…
- India
PAN fraud: MP student gets IT notice after firm carries out transactions of Rs 40 cr
Gwalior: A university student in Gwalior in Madhya Pradesh approached police after he got an Income Tax notice over transactions of more than Rs 40 crore done by a company created fraudulently…
