14 Opposition parties move SC against ‘misuse’ of Central agencies
The plea in which the parties have urged the court to lay down guidelines for law-enforcing agencies and courts on remand, arrest, and bail
Income Tax sleuths raid offices, home of businessman Faris Aboobacker over alleged tax evasion
Faris, who is a Chennai-based real estate businessman, has been summoned to appear for interrogation
IT raid on BJP MLC’s residence, 50,000 sarees, 20,000 bags seized ahead of Karnataka polls
Meanwhile, supporters of Shankar called the raid politically motivated. They also raised slogans against the BJP.
Net direct tax collections up 17 per cent till 10 March
Usually in March, tax collections increase significantly due quarterly and yearly closures, and the government would hope to achieve the revised target for the year.
Agency raids glue to bring opposition parties together
Opposition parties, divided on various issues, are united on what they have termed as the ‘misuse’ of the enforcement agencies.
I-T sleuths raid offices of Googee Properties
Searches to continue today, firms directors & auditors likely to be grilled
Fake income tax officials ‘seize’ gold, cash worth Rs 50L in Andhra Pradesh
During preliminary investigation, police found CCTV cameras at the house, but soon realised that the conmen had taken away the hard disk.
New ITR forms seek more disclosures from taxpayers
Individual taxpayers should provide information such as income from cryptos, and whether they have opted out of new tax regime in previous years
Income Tax search in BBC India offices concludes: Broadcaster
The operation that began at the British Broadcasting Corporation (BBC) offices in Delhi and Mumbai around 11:30 am on Tuesday has clocked more than 45 hours now.
CBDT notifies new income tax returns forms
This is not in line with the Finance Minister Nirmala Sitharaman announcement in the Budget 2024 when she had proposed next-generation common Income Tax Return form for all taxpayers.
I-T dept surveys BBC office, seizes phones of employees
The sources also said that only the mobile phones of journalists were seized while the pantry staff, which is on both the floors, was allowed to carry their cell phones.
Income-Tax Department notifies ITR forms for 2022-23
The Central Board of Direct Taxes (CBDT), through a notification dated February 10, has notified ITR forms 1-6, ITR-V (verification form) and ITR acknowledgement form.
I-T dept raises tax demand of Rs 15,570 crore in black money cases
"India has been proactively engaging with foreign governments, for exchange of information under these tax treaties,” it said.
The rich are voting with their feet
According to various reports, the most preferred destinations are Portugal, US, Australia, Greece and Malta.
Madurai woman poses as I-T officer, cheats hostellers
According to police, G Karthiyayini (65) of Lakshmipuram in Tatabad who works as warden in a women’s hostel at RS Puram. Ramalakshmi stayed in the hostel for four days in January.
50 per cent of income taxpayers to opt for new regime
According to experts, changes proposed in the Budget 2023-24 have certainly made the new tax regime more attractive, but it is not good enough to pull 50% of the existing taxpayers to the new regime.
I-T raids: Officials find ‘proof’ of tax evasion
Searches continue at residences, offices of Rajapushpa, Muppa & others; Vasudha MD summoned by I-T officials
Can Budget 2023 give a strong impetus to growth and job creation?
India's potential growth is not 6.5%, but closer to 8%. Has Budget 2023 done enough to achieve that?
Gain or bane: Know what industry experts feel baout budget 2023
With the Union Budget presented by the Finance Minister Nirmala Sitharaman on Wednesday, we speak to industry experts who weigh in on how this budget affects their sectors as well as the people.
Budget 2023: Rs 10,000 minimum threshold on TDS removed
The beneficiary is required to show this amount when filing Income Tax Return and non-reporting can lead to penalty of upto 200 per cent of the tax amount.
Parents junk IIT-B's probe report on Darshan Solanki suicide
German bishop resigns, cites responsibility in abuse scandal
FM Nirmala Sitharaman reviews PSBs performance amid stress in US banking system
Vigil intensified in UP border districts after intel alert that Amritpal may flee to Nepal
Popular Malayalam actor Innocent continues to be critical, on ECMO support
World boxing championships: Nitu Ghanghas becomes world champion with 5-0 win