taxpayers
- India
Income Tax bill proposes to grant officials access to your email, social media
The Income Tax bill, introduced in February 2025, significantly expands tax authorities’ powers beyond the Income Tax Act, 1961 and allows officials to access assessees’ email and social media accounts. As per…
- India
Crorepati taxpayers in India increased 5 times in last 10 I-T assessment years
New Delhi: The number of crorepati taxpayers in India increased five times to 2.2 lakh in the income tax assessment year (AY) 2024, compared to AY 2014, according to a new report.…
- Middle East
Saudi Arabia: Initiative to cancel fines for taxpayers extended to Dec
Riyadh: The Kingdom of Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) on Sunday, June 30, extended the cancellation of fines and exemption of penalties initiative until December 31, 2024. The initiative…
- Top Stories
I-T Dept detects mismatches in ITRs, urges taxpayers to e-verify status
New Delhi: The Income Tax (I-T) Department said on Monday that it has identified certain mismatches between the information received from third parties on interest and dividend income, and the Income Tax…
- Featured News
Taxpayers have right to know where political parties get their funding
Indian elections are intricate and complex events that involve millions of voters and multiple political parties. These parties rely heavily on contributions from individuals and corporations to finance their campaigns, as funding…
- India
Taxpayers receiving notices for claiming deductions create confusion
New Delhi: While the last date for electronically verifying income tax returns lapsed on August 31, several taxpayers have complained of receiving notices for claiming deductions for which they are not even…
- India
Gujarat witnesses 49 percent surge in crorepati taxpayers
Ahmedabad: Gujarat has witnessed a significant surge of 49 per cent in the number of ‘crorepati’ taxpayers, individuals declaring an annual income of Rs 1 crore or more, for the assessment year…
- Business
RSS affiliate asks centre to tweak new tax regime
New Delhi: While expressing satisfaction over the growth orientation in the Budget, with focus on rural development, infrastructure and MSMEs, RSS affiliate Swadeshi Jagran Manch (SJM) impressed upon the Centre to tweak…
- Business
CBDT issues refunds of over Rs 1.14 lakh crore
New Delhi: The Central Board of Direct Taxes (CBDT) said on Saturday that it has issued refunds of over Rs 1.14 lakh crore to more than 1.97 crore taxpayers between April 1…
