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  Lok Sabha elections 2024: I-T Department seizes record Rs 1100 crore cash; 182% more than 2019

  India | May 31, 2024 14:35 IST

  Central agencies have been on high alert since March 16, when the Model Code of Conduct was enforced. Also, 24x7 control rooms have been set up to check the illegal movement of cash in every state.

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  Income Tax department issues reminder on PAN-Aadhaar linking to avoid higher TDS. Check details

  Business | May 29, 2024 9:52 IST

  The Income Tax Department took to social media to inform taxpayers about the crucial deadline to link their PAN to Aadhaar. The department's post emphasised that not linking PAN with Aadhaar would lead to a higher rate of TDS.

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  Income Tax department raids Nashik-based jewellers, seizes Rs 116 crore in cash and assets

  Maharashtra | May 26, 2024 12:52 IST

  The Income Tax Department has launched searches in response to alleged undisclosed transactions by its proprietor.

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  IT department issues Rs 49 crore notice to tea seller in Gujarat's Patan, know what happens next!

  Gujarat | May 21, 2024 23:54 IST

  Dave gave his Aadhar and PAN card to two brothers Alpesh and Vipul Patel, along with some of his photos in 2014. He alleges that they opened a bank account in his name and carried out financial transactions.

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  Income Tax raids at premises of three shoe traders in Agra, Rs 60 crore recovered so far

  Uttar Pradesh | May 19, 2024 0:00 IST

  The Income Tax Department conducted a raid at the premises of three shoe traders after getting an information of tax evasion. So far huge cash of over Rs. 60 crore has been recovered along with various documents.

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  Finance Ministry clarifies: No changes in new tax regime, issues 6-point note

  Business | April 01, 2024 11:07 IST

  In a statement, the ministry addressed confusion over the new tax regime, emphasising its lower rates but fewer exemptions and deductions. Finance Minister Nirmala Sitharaman's interim budget assured the preservation of existing tax rates.

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  Income tax department cracks down on PAN fraud for false HRA claims

  April 01, 2024 9:23 IST

  The income tax department has uncovered a scam involving the fraudulent use of PANs to claim house rent allowance (HRA) without actual tenancy, with around 8,000–10,000 high-value cases identified.

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  Filed ITR but getting a mismatch notice? Here's what you can do to resolve it

  March 28, 2024 20:13 IST

  Income Tax Returns are filed annually depending on a person's annual income. However, sometimes a mismatch occurs between the information provided by a person in the I-T return. Let's take a look at how one can resolve this issue.

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  Does BJP pay...?: Congress claims I-T dept withdrew Rs 65 cr from its bank accounts undemocratically

  India | February 21, 2024 18:44 IST

  Congress treasurer Ajay Maken has claimed that "democracy will be over in the country if the action of probe agencies goes unchecked" and said the Congress has full faith in the judiciary.

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  Are donations for Ram Mandir eligible for income tax deduction? Here's all you need to know

  Business | January 21, 2024 13:26 IST

  The government officially designated Shri Ram Trust as a site of historic significance and a place of renowned public worship for the purpose of Section 80G(2)(b), effective from FY21.

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  Income Tax Department notifies ITR forms 1, 4 for assessment year 2024-25

  Business | December 23, 2023 16:02 IST

  Business news: Sugam can be filed by individuals, HUFs and firms other than Limited Liability Partnerships being a resident having total income of up to Rs 50 lakh and income from business and profession.

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  Rs 329 cr found in dilapidated buildings in Odisha: Tax officials on Congress MP Dhiraj Sahu raids

  India | December 21, 2023 23:00 IST

  In a statement, the Income Tax officials said the cash was kept in hidden chambers and hidden safe-house camouflaged as an unoccupied residence located in small towns of Odisha including Sudapada and Titlagarh in Bolangir district and Khetrajrajpur in Sambhalpur district.

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  Dhiraj Sahu's first reaction after IT raids: 'Money has nothing to do with Congress...'

  India | December 16, 2023 0:00 IST

  Speaking to the media, Congress Rajya Sabha MP Dhiraj Sahu also gave an account of how he made a fortune through his different businesses including schools, colleges and other entities.

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  Over Rs 200 crore in 156 bags found in IT raids against Odisha-based liquor firm, PM targets Oppn

  India | December 08, 2023 20:11 IST

  The Odisha-based liquor firm, on premises of whom the Income Tax department conducted raids and has so far found cash over Rs 200 crore, has alleged links with Jharkhand Rajya Sabha MP Dhiraj Prasad Sahu.

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  IT Department carries out searches for fourth consecutive day at premises linked to TN Minister Velu

  November 06, 2023 12:18 IST

  The Income Tax officials on Friday launched searches at multiple locations in Tamil Nadu linked to state minister EV Velu.

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  Karnataka: Income Tax department seizes cash, gold, luxury items worth over Rs 102 crore in raids

  Karnataka | October 16, 2023 15:31 IST

  The assets were confiscated during raids on government contractors and real estate developers across multiple states, with searches commencing on October 12 and covering 55 locations in Bengaluru, Telangana, Andhra Pradesh, and Delhi.

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  Karnataka: I-T dept seizes Rs 94 cr cash after raids on govt contractors, realty developers

  Karnataka | October 16, 2023 14:51 IST

  Karnataka: A large number of incriminating evidence in the form of loose sheets, hard copies of documents and digital data have been found and seized by the Income Tax Department during raids, CBDT said.

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  Income Tax Recruitment 2023 against sports quota, apply online from today at incometaxgujarat.gov.in

  October 01, 2023 14:13 IST

  The online application process for recruitment in the income tax department is currently open for those who wish to apply through the sports quota. This is an opportunity to become an Income Tax Inspector, Tax Assistant, or Multi-Tasking Staff. Applications are being accepted starting from today.

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  Income Tax raid underway on Lux Industries over Rs 200 crores tax evasion allegations

  India | September 22, 2023 14:40 IST

  The Income Tax Department is conducting raids on Lux Industries over allegations of tax evasion of more than Rs 200 crore.

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  Income tax department's website gets a fresh look: Check what's new

  Technology | August 27, 2023 18:32 IST

  The newly designed website has undergone an aesthetic makeover with a mobile-responsive layout. It introduces a 'Mega Menu' for content, accompanied by fresh features and enhanced functionalities.