The Latest Breaking News from Income Tax

Finance experts warn many over retirement age face unexpected tax bill - and urge early action

The Madras High Court has refused to quash a criminal complaint lodged by the Income Tax department against DMK MP D.M. Kathir Anand before a Judicial Magistrate in Vellore in 2016 for having allegedly not filed his returns for the assessment year 2013-14 and the consequent charge of evasion of…

The freezing of the Personal Allowance at £12,570 could see more pensioners paying tax this year.

A freeze in the personal allowance at £12,570 is pushing more pensioners closer to the tax threshold.

California Governor Gavin Newsom for years had an enviable problem. His state was awash in cash.

People found indulging in tax malpractice can face penalty up to 200% of disputed amount apart from imprisonment, says Principal Chief Commissioner of Income Tax (Andhra Pradesh and Telangana) Mitali Madhusmita

Public finance minister says he continues to press the UK Government for greater borrowing powers

The Income Tax department has revoked the tax exemption status granted to the Centre for Policy Research, the Hindu reported yesterday.

The Income Tax Department has cancelled the tax exemption status of the Centre for Policy Research

From abolishing tuition fees to raising income tax for top earners, several pledges have been reversed

Proposed Pennsylvania tax breaks could result in big tax cuts, but if the tax breaks happen, will they be enough to help Pennsylvania replace the 40,000 residents it lost?