August 2, 2024, 06:38 PM - 2 min read
“Citizens pay taxes like England to get services like Somalia.” A statement that opened floodgates of the good, the bad and the ugly in India’s taxation system versus the rest of the world.
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August 2, 2024, 02:59 PM - 2 min read
Over 7.28 crore income tax returns were filed by the July 31 deadline, marking a new record for the assessment year.
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May 28, 2024, 02:50 PM - 2 min read
The income tax department has urged taxpayers to link their PAN with Aadhaar by May 31 to avoid higher tax deduction rates, while reporting entities are reminded to file SFT by the same deadline to avoid penalties.
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May 28, 2024, 07:45 AM - 2 min read
The ED told the court that the accused has destroyed evidence which could lead to unearthing the end utilisation of the funds received by him.
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April 14, 2024, 06:48 PM - 2 min read
Party said the chopper was undergoing a trial run when a team of IT officials arrived to search it extensively.
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March 30, 2024, 05:10 PM - 2 min read
Karnataka Deputy Chief Minister and state Congress President DK Shivakumar launched a scathing attack on the BJP over an income tax notice issued on Saturday, alleging that the ruling government was targeting the opposition.
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March 29, 2024, 04:05 PM - 2 min read
The CPI has found itself to be next on the income tax department's list after the Congress party received a notice few hours ago.
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March 22, 2024, 07:39 PM - 2 min read
In a move aimed at providing greater convenience to taxpayers, the Reserve Bank of India (RBI) has announced that its offices dealing with government business and designated branches of agency banks will remain open during normal working hours on March 30 and 31, 2024. This decision comes as part of special measures for the current financial year, particularly in light of the annual closing of government accounts.
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March 20, 2024, 09:22 PM - 2 min read
The initiative aligns with the Income Tax Department's commitment to assist the Election Commission of India in curbing the role of black money in elections, thus promoting transparency and fairness in the electoral process.
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March 20, 2024, 02:58 PM - 2 min read
The Net Direct Tax collection of Rs 18,90,259 crore as of March 17 includes Corporation Tax at Rs 9,14,469 crore (net of refund) and Personal Income Tax including securities transaction tax (STT) at Rs 9,72,224 crore (net of refund).
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March 4, 2024, 04:12 PM - 2 min read
Tax-saving fixed deposit (FD) is a type of FD scheme that provides investors with tax benefits. The scheme is offered by many banks and is similar to regular FDs, but with the added advantage of tax-saving benefits.
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February 16, 2024, 02:19 PM - 2 min read
The Congress on Friday said Income Tax authorities had frozen its main bank accounts, impacting all political activity. However, the accounts were later de-frozen by the Income Tax Appellate Tribunal pending a further hearing next week.
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