The Latest Breaking News from Income Tax

The Director of Income Tax (investigation) Sivasankaran on Sunday, May 28, said the attack on I-T Department officials, allegedly by the DMK workers and the supporters of Minister for Electricity, Excise and Prohibition V. Senthilbalaji in Karur two days ago, was “deliberate”. The I-T Department officials would not be scared…

The Income Tax department has come out with guidelines for selection of cases for scrutiny, under which cases wherein assessees have not responded to I-T notices will be picked up for compulsory examination

The Delhi High Court dismissed petitions by Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra against the Income Tax Department’s decision to transfer their assessments to the Central Circle instead of an ordinary assessment in a matter related to arms dealer Sanjay Bhandari.

After the Reserve Bank of India (RBI) announced the withdrawal of ₹2,000 banknotes from circulation in pursuance of its ‘Clean Note Policy’, the fuel dealers in Punjab on Thursday said they were facing a “difficult situation” similar to the year 2016, when demonetisation was implemented.

A petition calling for the change has received more than 19,500 signatures of support.

The Income Tax department has enabled online filing of Income Tax Returns (ITRs) 1 and 4, filed by individuals, professionals and small businesses, for 2022-23 fiscal

Following the Income Tax department’s “surveys” of BBC’s offices in India in February, two foreign journalists with the BBC have found themselves in a quandary in Delhi.

Households should not be afraid to reach out and ask for help, according to interactive investor, which made the calculations.

Paying for things through your company payroll using your pre-tax salary is known as ‘salary sacrifice’.