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Income Tax Department seizes record ₹1,100 crore cash and jewellery in Lok Sabha elections 2024

As per the sources, by the end of May 30th, the department had seized approximately Rs 1100 crore w…

ANI   


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Link PAN with Aadhaar by May 31 to avoid double TDS deduction: Income Tax Department

The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid ta…

PTI   


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IT department declares 363 as cost inflation index for current fiscal

The Cost Inflation Index (CII) for fiscal year 2024-25 is 363, used by taxpayers to calculate long-…

PTI   


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Received a tax mismatch notice from the IT department? Here is how to set it right

An income tax mismatch notice can happen due to several reasons. In an increasingly digital world, …

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Direct tax collections rise 18% so far in current financial year

The government's gross direct tax collections have risen by 16.77 per cent to touch Rs 17.18 lakh c…

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I-T dept conducts survey at some entities of Hinduja Group

The Income Tax department on Wednesday conducted a survey operation at some entities of the Hinduja…

PTI   


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Income Tax dept to hire 50 young law, accountancy grads for better litigation at ITATs

The Income Tax Department has decided to temporarily hire 50 young law and chartered accountancy gr…

PTI   


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ED conducts raids against Hero Motors' Pawan Munjal

The Enforcement Directorate on Tuesday conducted raids against Hero Motocorp executive chairperson …

PTI   


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ITR filing: Your guide to Form 26AS and why you should check for TDS discrepancies

To check if your employer has deducted TDS, follow these steps. First, register on the Income Tax D…

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How HRA exemption can help you save tax in 2023-24

HRA exemption is available only if you are living in a rented house and opt for the old tax regime.…

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IT department releases ITR 1 and ITR 4 offline forms ahead of time

The Indian Income Tax Department has released offline utilities for ITR Forms 1 and 4 that can be u…

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Enforcement Directorate files case against BBC for irregularities in foreign funds

The Enforcement Directorate has filed a case against BBC India under Foreign Exchange Management Ac…

ANI   


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Income Tax department raids freshly listed Mankind Pharma’s premises over alleged tax evasion

The Income Tax department on Thursday conducted searches on the premises of Mankind Pharma over all…

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BBC India survey indicated tax evasion on remittances, discrepancies in transfer pricing: Govt

The Income Tax Department gathered several evidences pertaining to the BBC India's operation which …

ANI   


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Market regulator SEBI issues list of 'most wanted defaulters' - all untraceable

In a bizarre development, the Securities & Exchange Board of India (SEBI) has released a list of so…

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Non-profits wanting to get listed should have no ongoing IT scrutiny: SEBI

Markets regulator SEBI has said that any non-profit organisation (NPO), which wants to get listed, …

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Direct tax collections surge 35% but fall short of estimates

Gross direct tax collections stood at Rs 6.48 lakh crore till September 8, which is 35.46 per cent …

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5 mins read

How to file income tax return online for salaried employees 2022-2023

If you are new to filing income tax returns online, you must know that it is a very easy process. …

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IT raids on Bangalore colleges on overcharging, blocking seats and tax evasion

According to sources, the I-T sleuths were conducting raids since early morning on Sri Krishnadevar…

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Hero Motocorp shares decline as income tax raids dented company's image

In late March, the Income Tax Department had conducted a search operation on the premises of Hero M…