Income tax (I-T) department
INCOME TAX (I-T) DEPARTMENT NEWS
Ration Crackdown: Centre’s data sweep finds over 1 Crore ineligible beneficiaries, asks state to remove them
August 20, 2025 8:31 am
The officials said these ration card holders — about 1.17 crore — may not qualify for free food grains under the National Food Security Act (NFSA).
ITR Filling FY 2024-25: How to file ITR online, a step-by-step guide
July 05, 2025 10:43 am
Income Tax Returns Filing FY 2024-25(AY 2025-26): Usually, the due date for filing ITR is July 31. However, this year, the last date has been extended to September 15, 2025.
Income Tax Department investigating evasion from crypto assets
June 14, 2025 1:31 am
The Department under the Central Board of Direct Taxes (CBDT) has identified such crypto transactions for verifications and has sent emails to defaulting persons to review their income tax returns
Income tax official arrested over extortion bid on Delhi businessman caught after jumping bail
April 27, 2025 2:32 pm
Deepak Kashyap, a personal secretary in the Income Tax Department, was declared a proclaimed offender by a Delhi court after he jumped bail following his arrest in 2023.
Massive Income Tax raids underway in Andamans: Official
December 07, 2024 1:27 pm
A team of over 120 income tax officials from Kolkata landed at Veer Savarkar International Airport on December 4, and they also alerted the airport officials to prevent the suspects from boarding flights to leave Port Blair.
Top 10 highest tax-paying companies in India
September 11, 2024 11:38 am
India's highest tax paying companies in FY 2023: Approximately 20 entities in the Nifty 50 index exceeded their EBITDA estimates for the year, according to Bloomberg data.
How to reform India’s income tax law
August 03, 2024 11:37 am
The government has announced its intent to review the IT Act. To fundamentally resolve the source of these disputes requires that the contentious sections of the Act be carefully redrafted, tax structure simplified
I-T clause to ensure MSMEs are paid on time creates hurdle
May 06, 2024 10:48 am
Tax experts, however, are of the view that the payment timelines are unrealistic and the government needs to reconsider extending it to at least the time of filing of returns rather than at the end of a financial year.
8 held for stealing Rs 18 lakh from Sion house on pretext of 'I-T search'
December 05, 2023 11:36 pm
The police said that the incident took place on November 26, when four accused went to her house and alleged that they were Income Tax officers.
LIC gets income tax penalty notice of Rs 84 cr; insurer to file appeal
October 04, 2023 9:11 am
Penalty has been imposed on state-owned insurer for violation of sections 271(1)(c) and 270A of the Income Tax Act, 1961, it said.
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