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June 21, 2025, 11:23 AM - 3 min read
India’s net direct tax collection dipped to ₹4.59 lakh crore in the first quarter of FY26, dragged by slowing corporate tax and muted advance tax inflows. Though personal income tax held steady and STT posted growth, the government’s fiscal watchers are likely to remain cautious ahead of the upcoming budget.
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May 27, 2025, 06:26 PM - 1 min read
The last date for filing tax returns is now September 15
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May 2, 2025, 04:12 PM - 1 min read
Threshold for reporting assets, liabilities under Schedule AL raised from ₹50 lakh to ₹1 crore.
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December 20, 2024, 05:04 PM - 2 min read
The seizure happened during ongoing action by the Income Tax department in the city over the past few days.
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December 7, 2024, 01:57 PM - 1 min read
"It is a well-coordinated operation and we will reveal the findings soon. We suspect irregularities in filing returns and GST-related issues," the official said.
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November 17, 2024, 02:41 PM - 3 min read
The Income-Tax Department has warned taxpayers that failing to disclose foreign assets or income in their ITR for AY 2024-25 could result in a penalty of ₹10 lakh under the anti-black money law, urging compliance as part of a new awareness campaign.
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November 9, 2024, 11:30 AM - 2 min read
Reacting to the raid, State Congress president Rajesh Thakur said that the Bharatiya Janata Party has started feeling that they are losing the elections. Last time they won 25 seats, this time they will win 15 seats, he added.
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September 21, 2024, 04:17 PM - 2 min read
The Income Tax Department has launched the Vivad Se Vishwas Scheme 2.0, allowing taxpayers to settle income tax disputes at reduced amounts if they file declarations by December 31, 2024, with the scheme effective from October 1, 2024.
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