Search For "income tax department"
Income Tax Department finds Rs 408 crore sales suppression in nationwide F
Updated : 1 week, 1 day ago IST
The Income Tax Department carried out a nationwide verification exercise on restaurants regarding turnovers, revealing a suppression of sales amounting to approximately Rs 408 crore. According to a Ministry of Finance press statement, the investigation targeted tax evasion patterns within th
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Madras HC upholds Rs 1.5 cr income tax penalty against TVK Chief Vijay
Updated : 1 week, 1 day ago IST
The undisclosed income was discovered following a September 2015 search-and-seizure operation conducted following the release of his movie Puli. The court upheld the penalty, ruling that the disclosure was not voluntary but a direct result of the department's investigation. Consequently,
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STT hike on F&O aims to put a curb on "speculative" trading options: Arvin
Updated : 1 month, 2 weeks ago IST
Earlier in the day, the Income Tax Department issued a clarification on the hike in STT on futures and options trades
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Except F&O, STT rates remain same for others: Income Tax Dept on rate hike
Updated : 1 month, 3 weeks ago IST
It said the total volume of transaction in options and futures is more than 500 times of Indian Gross Domestic Product (GDP). "In Rupee terms, our GDP is 300 lakh crore rupees, while the volume for options and futures is more than 1.5 lakh lakh crore rupees. Therefore, there is justificat
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Karnataka Minister Priyank Kharge calls CJ Roy death case "harassment" by
Updated : 1 month, 3 weeks ago IST
This comes after Roy allegedly died by suicide in Bengaluru on Friday, according to officials.
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"We will conduct a high-level investigation": DK Shivakumar on CJ Roy's de
Updated : 1 month, 3 weeks ago IST
In a statement, Shivakumar's office said the incident allegedly occurred after Roy asked for a break during questioning by the Income Tax department.
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ED files chargesheet against ten accused in gangster Nayeemuddin's money l
Updated : 1 month, 3 weeks ago IST
The ED has identified 91 properties acquired through this method, which were already attached by the Income Tax Department. The agency is seeking the confiscation of these properties under the Prevention of Money Laundering Act.
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India's net direct tax collections in FY26 rise, grow 8.82% to Rs 18.38 la
Updated : 2 months, 1 week ago IST
India's net direct tax collections for the financial year 2025-26 have recorded a strong growth of 8.82 per cent, reaching Rs 18.38 lakh crore as of January 11, 2026, compared with Rs 16.89 lakh crore collected during the same period last year, according to official data released by the Inco
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"BJP thinks of ED, I-T and CBI as its private army...": Congress leader Pa
Updated : 2 months, 2 weeks ago IST
Congress leader Pawan Khera on Friday said that the Bhartiya Janata Party (BJP) thinks of the Enforcement Directorate (ED), Income Tax Department (I-T), and the Central Bureau of Investigation (CBI) as its personal army. He claimed that the ED only conduct raids in selected states, which
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Income Tax Department cautions taxpayers against rise in fake emails, SMS
Updated : 3 months, 1 week ago IST
The Income Tax Department has issued a fresh public advisory cautioning taxpayers--especially senior citizens--against a growing number of fraudulent emails, SMS messages and websites impersonating the Department to steal personal and financial information.
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CBDT successfully achieves targets of Special Campaign 5.0
Updated : 4 months, 2 weeks ago IST
The Central Board of Direct Taxes (CBDT), Department of Revenue, achieved significant results under the Special Campaign 5.0 for Swachhata and Disposal of Pending Matters, according to the Ministry of Finance.
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Direct tax collections rise 2.36% in FY26 so far; Corporate Tax leads grow
Updated : 5 months, 1 week ago IST
The gross direct tax collection of the Central government has increased by 2.36 per cent so far in the current financial year (as of October 12, 2025), compared to the same period last year, according to data released by the Income Tax Department.
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