The Latest Breaking News from Income Tax

Income Tax Department is raiding three dozen locations of Mayur Group in Kanpur. More than 100 officers are conducting raids with heavy police deployment. Read the full report on Dynamite News:

I-T Dept conducting searches at former Union Minister Jagathrakshakan's Chennai residence & other premises linked to him. Simultaneous searches at relatives' houses, medical college in Poonamallee, hotel in T. Nagar & firm in Nungambakkam.

Why do I suddenly owe tax this year?

Govt depts & orgs in Coimbatore took part in 'Swachhta Hi Seva' drive. Air Force Station, CTC, GST Commissionerate, Income Tax Dept & SVPI School of Textile & Mgmt planted saplings & conducted cleaning drives. AOC stressed on positive impact of such activities & felicitated participants.

Police seize ₹1.75 crore from car in Kannur, Kerala. Accused, Swapnil Lakshman, 25, apprehended and questioned. Police discover hidden compartment in car containing bundles of ₹500 and ₹200 notes. Accused and money to be produced before court. Information to be relayed to Income Tax authorities for further investigation.

New Zealand's Opposition National party has released its alternative budget, promising more disciplined spending to pay for income tax cuts.

Flex, an electronic components manufacturer, confirmed that officials from the Income Tax Department visited its premises in Chennai. The company stated that they are cooperating with the agency and providing the information sought. Flex also mentioned that they have a long history of conducting business in India in a legal…

IT dept. organised outreach programme in Khammam on new exemptions, extended due date for Form 10A till Sept. 2023. K. Sai Sankar, B. Bala Krishna and V. Koteswaramma conducted the session. Chartered accountants, IT practitioners and assessees attended the programme.

Sir Ed said the Liberal Democrat commitment – dating back to 1992 – to raise income tax by 1p to improve public services is now unsustainable.