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Income Tax department News

14 Nov 2024

Number Of ITRs For Incomes Above Rs 50 Lakh Surge 5-Fold In 10 Years

The percentage of income tax collection from taxpayers earning less than Rs 10 lakh has reduced, from 10.17 per cent of the total tax paid in 2014 to 6.22 per cent in 2024.

Income Tax department

26 May 2024

Income Tax Department raids in Nashik, Maharashtra

Income Tax department

08 Apr 2024

CBDT: No Special Initiative To Reopen HRA Mismatch Cases, Confirms

There have been reports on social media and in the news about CBDT inquiries into cases where employees have inaccurately claimed HRA and rental expenses

04 Apr 2024

Received Message From IT Department Regarding TDS? Here's All You Need To Know

According to officials, the message serves as an acknowledgment of the total TDS deposited during the final quarter and the previous financial year.

income tax notice congress

01 Apr 2024

'Will not take any action on Congress accounts till elections',says IT Department

31 Mar 2024

Infosys To Receive Rs 6,329 Cr Tax Refund From IT Dept

Infosys has received assessment orders for subsidiaries as well, totalling Rs 277 crore.

Income Tax department

30 Mar 2024

College Student Receives Income Tax Notice For Rs 46 Crore Transaction

On Friday he persisted and visited the office of the Additional Superintendent of Police to file a formal complaint regarding the unauthorized transactions.

29 Mar 2024

Another Setback For Congress, Income Tax Dept Issues Rs 1823 Crore Notice

Responding to the IT notice, the Congress party accused the BJP of squeezing it financially and of using tax authorities against it ahead of Lok Sabha elections beginning April 19

Income Tax department

10 Mar 2024

I-T Department Uncovers Cases Of Inadequate Tax Payments; Check Deadline Date

Persons/entities who are not registered on the e-filing website have to first register themselves on the e-filing website.

08 Mar 2024

Congress' Plea To Stay I-T Dept's Action Against Its Bank Accounts Rejected

The Congress had also accused the BJP government of "financial terrorism" and attempting to "cripple" its primary opposition.

21 Feb 2024

Tax Dept Recovers Rs 65 Cr From Congress Acct; Party Slams 'Undemocratic' Move

Terming the deduction undemocratic, the Congress appealed that the department should not proceed further till the disposal of the stay application.

16 Feb 2024

DNA Exclusive: Analysis Of Congress Party's Electoral 'Accounts'

Stay tuned to Zee News show DNA for a detailed analysis of Congress's politics on the Income Tax Department's move to freeze its bank accounts.

16 Feb 2024

Relief For Congress After Tax Department Defreezes Bank Accounts 'With A Lien'

Congress leader today accused the Narendra Modi government of being 'power-drunk' after the party's bank accounts were frozen by the Income Tax Department.

16 Feb 2024

'No Money To Pay Even Power Bill': Cong After Bank A/Cs Frozen By IT Dept

The freezing of the Congress party's bank accounts by the Income Tax Department, as articulated by Treasurer Ajay Maken.

Income tax rules

16 Dec 2023

Explained: How Much Cash You Can Keep At Home, What Are The Tax Rules?

According to the Income Tax Act, there's no specific restriction on the amount of money stored at home. However, during an income tax raid, it becomes crucial for an individual to substantiate the source of the money.

Income Tax Raid

07 Dec 2023

Income Tax Raid: IT raids various locations in Jharkhand and Odisha

Income Tax Raid: IT has raided in Odisha and Jharkhand. Till yesterday, Rs 50 crore cash has been found in the raid. Let us tell you that due to excess notes, the note counting machine broke down. It is being told that IT raid is going on in Bolangir, Sambalpur, Ranchi, Lohardaga also.

14 Jul 2023

FM Nirmala's BIG Announcement: 'No I-Tax For Those Earning Up To THIS Much '

FM in a tweet said, ''Under the new regime, there is no income tax to be paid for annual income up to Rs 7 lakh, which effectively increases to Rs 7.27 lakh with marginal relief provisions.''

29 Jun 2023

Content Creators, Influencers Under Govt's Radar; I-T Dept Launches Probe

The income-tax department has launched a probe against certain social media influencers and content creators on platforms like YouTube and Instagram for allegedly not showing their income and profits commensurate with their earnings

Income Tax department

30 May 2023

Don't Have Form 16? Know How To File Your Income Tax Returns Without The Form

Tax slabs need to be checked before filing. You can file ITR online. Keep basic documents handy before starting the process.

13 Apr 2023

IT Dept Identifies Mukhtar Ansari's 'Benami' Assets Worth Rs 127 Crores

The Income Tax Department has identified about two dozen 'benami' assets worth Rs 127 crore of gangster-turned-politician Mukhtar Ansari in Uttar Pradesh and other locations.

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