The Latest Breaking News from Income Tax

Australia should consider revenue raising options that are less vulnerable to an ageing population than income tax, the OECD says.

ED probes money laundering angle in alleged Custom Rice Milling Scam in Chhattisgarh, claims ₹175 crore bribes generated for 'higher powers'. Ex-MD of MARKFED and office-bearer of local rice millers' association accused of increasing special incentive from ₹40 to ₹120 per quintal, collecting kickbacks of ₹175 Crore. ED conducted search…

Japan’s Prime Minister Fumio Kishida says he is preparing to take bold economic measures, including an income tax cut for households hit by inflation and tax breaks for companies to promote investment

The threshold for paying the 40 per cent higher rate of income tax could be raised in the 2024 spring budget, according to one report

The threshold for paying the 40 per cent higher rate of income tax could be raised in the 2024 spring budget, according to one report

Frozen income tax thresholds combined with significant state pension rises may push more pensioners into paying tax, LCP said.

The case under the Prevention of Corruption Act was registered by the CBI following the findings of separate investigations conducted by the Income Tax Department and the Enforcement Directorate.

Labour urged to clarify its position on collective punishment by 39 academics who say party must confirm it ‘opposes the commission of war crimes’

Sleuths of the Income Tax department were carrying out raids at multiple properties of bullion trader Narayan Das in Varanasi.

These ongoing raids across the country are part of an investigation into potential financial irregularities, officials said. Read further on Dynamite News

CM Siddaramaiah dismisses BJP's allegations of IT raid money links to Congress govt. He calls it politically motivated & baseless. He questions how contractors can be differentiated on party lines & rules out possibility of probe into BJP's allegations. He also denies Congress High Command asking for funds.