Income Tax Department

51 lakh, or 7.5% more Indians filed income tax returns this year; 72% of taxpayers opted new regime

The taxpayers and tax professionals made their compliances in time, leading to a surge in filing of Income-tax Returns (ITRs),…

4 months ago

IT dept completes issuing refunds for 2.45 tax returns

The Income tax department has already processed and issued refunds for 2.45 crore returns for assessment year 2023-24. A total…

1 year ago

Karnataka boasts of 3 richest MLAs in India with assets worth more than Rs 1,000 crore

Karnataka has emerged as the state with the richest MLAs in India with the top three in the country’s rich…

1 year ago

Chhattisgarh liquor scam: ₹776 crore funneled to political executives, reveals ED probe

Raipur: The Enforcement Directorate (ED), investigating the liquor scam in Chhattisgarh, has revealed shocking findings in its charge sheet that…

1 year ago

Rs 157 crore black money detected in tax raids on two business groups in Bengal

The Income Tax Department has unearthed unaccounted income of more than Rs. 157 crore crore in search and seizure operations…

2 years ago

Taxmen raid leading Tamil Nadu real estate firm G Square

The Income Tax Department on Monday launched searches at the premises of leading real estate firm, G Square, which has…

2 years ago

Deadline for linking PAN with Aadhar extended till June 30

In order to provide some more time to taxpayers, the date for linking PAN with Aadhaar has been extended to…

2 years ago

Income Tax Dept. takes up 68,000 high-value deals for e-verification

New Delhi: The Income Tax Department has selected 68,000 high-value transaction cases for e-verification pertaining to the financial year 2019-2020…

2 years ago

IT authorities accuse BBC of diversion of profits, violating transfer pricing rules

The Income Tax department conducted a survey on the British Broadcasting Corporation (BBC) premises in Delhi for alleged non-compliance with…

2 years ago

Rs 100 crore black money trail unearthed in tax raids at Patna, Lucknow, Delhi

The Income Tax Department has unearthed unaccounted transactions exceeding Rs. 100 crore in search and seizure operations carried out on…

2 years ago

Rs 100 crore black money trail unearthed in tax raids at Ranchi, Jamshedpur, Kolkata

The Income Tax Department has unearthed black money transactions exceeding Rs 100 crore in a search and seizure operation carried…

2 years ago