Income Tax Department

The Income Tax Department of India has issued intimation notices to approximately 22,000 taxpayers over mismatch in filings. These taxpayers include encompassing salaried individuals, high net worth individuals (HNIs), trusts, and Hindu…
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New Delhi: Income Tax Department has clarified that the notices under Section 80 P were sent to them by mistake, said reports on Tuesday. Days after several income tax payers had received notices for wrongly claiming tax deductions under…
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The Income Tax department has brought a piece of good news for salaried employees. The news is to bring relied to people juggling to make a balance between work and taxes. The department has brought about changes in the rules regarding…
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New Delhi: Delhi Police said on Sunday that they have arrested four individuals, including a head constable and an Income Tax (I-T) Department staffer, for conducting a fake raid on a businessman's house in a bid to extort money from him.…
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New Delhi: The Income-tax Department appreciates the taxpayers and tax professionals for making compliances in time, leading to a surge in filing of Income-tax Returns (ITRs), resulting in a new record of ITRs filed. The total number of…
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New Delhi: Almost six crore income tax returns (ITRs) have been filed till Sunday (July 30), the income tax department said. July 31, 2023 is the last day for filing income tax returns. As of now the government has not given any…
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In Shirdi, the Sri Saibaba Sansthan Trust has been exempted from the payment of income tax of almost Rs 175 crore imposed in the last three years, one of its officials said on Friday. As per sources, the Supreme Court ordered and granted…
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Bhubaneswar: The income tax conducted raid at the residence of mines owner Sribas Jena in Bhubaneswar and 18 other places in Jajpur on Thursday on the allegations of tax evasion. Reportedly, an 18-membered team of Income Tax Department…
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The Income Tax India has reminded all taxpayers, who have filed an Income Tax Return (ITR) for Assessment Year 2020-21, to verify ITR before the last date. The ITR filing will be deemed incomplete if it is not verified. The CBDT has given…
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New Delhi: The Income Tax Department conducted raids against the media group Dainik Bhaskar in multiple cities on Thursday over alleged tax evasion, official sources said. Reports said that acting on a tip off about tax evasions by the…
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