Search For "income tax"
Income Tax Department cracks down on bogus claims of deductions, exemption
Updated : 8 months, 2 weeks ago IST
The Income Tax Department initiated a large-scale verification operation across multiple locations in the country on Monday, targeting individuals and entities facilitating fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs).
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Income Tax Department conducts raids all over India for false deduction un
Updated : 8 months, 2 weeks ago IST
The Income Tax Department is conducting raids on more than 200 locations across India, in connection with false deductions of political donations, sources told ANI on Monday.
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Digital infrastructure transforms India's tax administration, refunds surg
Updated : 8 months, 2 weeks ago IST
India's tax administration has undergone a dramatic transformation over the past decade, with taxpayer refunds growing at nearly double the pace of tax collections, Ministry of Finance sources told ANI.
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CCI seeks financial records of Ultratech, others following probe into ONGC
Updated : 8 months, 3 weeks ago IST
With its probe into a complaint by ONGC alleging cartelisation, finding evidence of Ultratech's subsidiary India Cements engaged in collusion with two other cement manufacturers in violation of the norms, the Competition Commission of India has given directions for submitting detailed financ
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CBDT chief directs Faceless officers to avoid irrelevant queries in tax as
Updated : 8 months, 4 weeks ago IST
The Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal has issued strict directives to Faceless Assessment Officers (FAOs) to avoid raising irrelevant queries while conducting faceless assessments, emphasising the need for more focused and case-specific scrutiny procedures.
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Tax Benefit On Stamp Duty & Registration Charges Of Property
Updated : 9 months ago IST
New Delhi [India], June 27: Buying a home costs more than the agreement value. Each state levies stamp duty (about 5 - 7% of market value) and registration fees (around 1%) to record the sale. Those cheques sting--but Section 80C of the Income Tax Act lets you claw back part of the outlay. U
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Tax2win Self ITR Filing for FY 2024-25 is LIVE. File Taxes Early, Get Refu
Updated : 9 months ago IST
Jaipur (Rajasthan) [India], June 24: Tax2win.in, a government-authorised ERI and one of India's leading online tax filing platforms, has launched its Self ITR Filing service for Financial Year 2024-25 (Assessment Year 2025-26), supporting both ITR-1 and ITR-4 forms. Powered by an advanced AI
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Oman to introduce first income tax for high earners from January 2028
Updated : 9 months ago IST
According to a report by Gulf News, high earners in the country will have to pay a personal income tax of 5 per cent effective 1st January 2028, as the Sultanate advances fiscal reforms under Vision 2040.
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Direct tax collections rise 4.86% in FY26 so far, net collections dip on h
Updated : 9 months, 1 week ago IST
India's gross direct tax collections for the financial year 2025-26 rose by 4.86 per cent to about Rs 5.45 lakh crore as of June 19, compared to about Rs 5.19 lakh crore collected during the same period last year, according to data released by the Income Tax Department.
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Life Insurance Tax Benefits in India
Updated : 9 months, 3 weeks ago IST
New Delhi [India], June 5: Life insurance is not just a tool for financial protection but also an effective way to save on taxes. In India, the Income Tax Act provides various benefits for policyholders, making life insurance a popular choice among taxpayers. This article delves into the lif
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Lucknow: FIR registered against Joint Commissioner Yogendra Mishra after f
Updated : 10 months ago IST
A police case was registered against Joint Commissioner of Income Tax Yogendra Mishra after a physical fight broke out between two Indian Revenue Service (IRS) officers in Lucknow on Thursday.
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Deadline to file income tax returns extended till September 15
Updated : 10 months ago IST
The last date for filing income tax returns for the assessment year 2025-26 has been extended.
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