Income Tax

New Delhi: Finance minister Nirmala Sitharaman on Thursday announced no change in the existing tax regime -- both direct and indirect. For taxpayers, there will be no relief as income tax rates and slabs remain the same in the interim…

New Delhi: The Congress on Saturday distanced itself from its Jharkhand Rajya Sabha MP Dheeraj Sahu after the recovery of a huge amount of cash from a liquor company linked to him. "The Indian National Congress is in no way connected…

The Income Tax (IT) Department has reported a significant increase in the number of Income Tax Returns (ITRs) filed this year compared to the previous year. As of 6.30 p.m. today, a total of 6 crore ITRs have been filed, reaching a new…

New Delhi: The Income Tax (I-T) department has been cracking down on salaried individuals lately for submitting false or incorrect income tax returns (ITRs). From submitting fake rent receipts in the name of relatives, false donations,…

Bhubaneswar: The Income Tax sleuths today conducted raids at the DN Group, a major real estate firm based in Bhubaneswar, on charges of evading tax. The I-T officials started searches in the wee hours of Wednesday. Simultaneous raids are…

New Delhi: The Income Tax department has enabled online filing of income tax returns (ITRs) 1 and 4, filed by individuals, professionals and small businesses, for 2022-23 fiscal. In a tweet, the income tax department said, the…

Mumbai: Actor Akshay Kumar, one of the top-paid stars in Bollywood, has been reportedly honoured by the Income Tax department as the 'highest taxpayer' in the country again. An honorary certificate for Akshay Kumar from the Income Tax…

Bhubaneswar: The Income Tax Department carried out search and seizure operations on a group engaged in the business of mining, processing and trading black stones. The search operation covered more than 15 premises located at…

New Delhi: On consideration of difficulties reported by the taxpayers and other stakeholders due to COVID and in electronic filing of various reports of audit under the provisions of the Income-tax Act, 1961 (the Act), the Central Board of…

New Delhi: The Union Minister for Mines, Coal & Parliamentary Affairs, Pralhad Joshi has thanked Prime Minister Narendra Modi for exempting 165 District Mineral Foundation Trusts (DMF), from Income Tax payment. Through the amendment…