The Latest Breaking News from Income Tax

In 2017, the Income Tax Department raided D.K. Shivakumar, on the basis of which, the Enforcement Directorate (ED) started its probe against him. Following the ED investigation, the CBI later sought sanction from the State government to file an First Information Report against him

“About one lakh notices were sent,” Sitharaman said, adding that the notices are expected to be cleared by the end of this fiscal 2023-24. Read further on Dynamite News:

Recent state tax changes that impact your finances for 2023 and beyond are one reason to keep learning about tax.

.Jason Zadrozny, the leader of Ashfield District Council, denies 22 charges brought after a fraud inquiry.

Attack on Income Tax officials: HC seeks case documents

The Centre for Policy Research has downsized its staff by 75 percent. Its faculty members — including fellows and senior fellows — have taken “massive pay cuts” ranging from 50 percent to full. The think tank had come under the income tax department’s tax scanner and faces a “serious financial…

The Heidners didn’t contest that they owe $5,083,274 in personal federal income taxes from 2021. They say it will all be paid off “by the end of August.”

Senator cites firm's history of avoiding federal income taxes despite huge profits; calls for minimum tax on corporate earnings.‌

There are some states that won’t take another tax bite out of your Powerball jackpot or Mega Millions winnings.

A new study says the order of names on a joint income tax return can provide insights about the people filing.

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