"income-tax-department"

The last date for filing income tax returns by individual taxpayers in ITR-1 and ITR-2 is July 31

Income Tax Department told the Madras High Court of inconsistencies in Udhayanidhi Stalin’s 2021 and 2026 poll affidavits, citing mismatched investments, loans, and disclosures, while noting limited verification due to incomplete records and filings

Income Tax Department has introduced Form 141, a consolidated TDS challan replacing four earlier forms for property, rent, professional services, and virtual digital asset transactions, simplifying filing, reporting, and compliance through the e-filing portal

The Income Tax Department asked taxpayers to ignore emails containing incorrect details about significant transactions sent during the Advance Tax e-Campaign for AY 2026–27 and said it is working with its service provider to resolve the issue

Hitachi Energy India has received a Rs 26.07 crore tax demand for assessment year 2022–23 and plans to challenge it before ITAT. The company reported strong profit growth in the September 2025 quarter despite a fall in its share price

India’s net direct tax collection rose 8 per cent to Rs 17.04 lakh crore till December 17, driven by higher corporate advance tax payments and slower refunds. Corporate tax revenues outpaced non-corporate collections, official data showed

The Income Tax Department will send SMSs/emails to 25,000 high-risk taxpayers over undisclosed foreign assets. The CBDT urges filing revised ITRs by December 31, 2025, to avoid penalties under the Black Money Act, expanding the nudge campaign nationwide

The All India Income Tax Audit Conference, “Chintan Shivir,” focused on strengthening the audit framework of the Income Tax Department. Key discussions included improving audit quality, leveraging data analytics, and enhancing coordination for transparency, efficiency, and accountability

The Sep 15 deadline for filing ITRs is fast approaching, with over 4.56 crore returns already filed. Taxpayers are urged to avoid last-minute submissions to prevent inconvenience

The Income Tax Department has released the ITR-5 Excel utility for AY 2024-25, enabling partnership firms, LLPs, and other eligible entities to file returns. Updates include MSME, startup, and crypto reporting provisions, with a September 15 deadline for non-audit cases

ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small and medium taxpayers

KTR asked the Congress Lok Sabha leader to seek clarity from the ED, asking why no case or statement had been filed against Srinivas Reddy despite raids conducted two months ago.

Poll expenditure observers and the Income Tax department have been informed by the police

He will serve as CJI for a little over six months and demit office on May 13, 2025, on attaining the age of 65 years

Van transporting cash intercepted, driver and security personnel fail to produce valid documents

Linking your PAN with Aadhar card can help you escape the double tax deduction at source. Do it by May 31.

Suryadevara Anil Kumar (34) of Yapral in Secunderabad, contacted job aspirants after collecting their details from WhatsApp groups and assured them of jobs through backdoor means in government departments.

While eight complaints were received regarding cash and other items expected to be used for elections, FIRs were registered against six people. A total of 25 licensed weapons have also been deposited.

While the Flying Squads seized Rs 1.70 lakh, the Income Tax Department seized Rs 32.09 lakh. So far, Rs 13.31 crore cash, valuable worth Rs 1.87 crore, and 19,872.72 litres of liquor have been seized.

While eight complaints regarding cash and other items were investigated and resolved, four FIRs were registered.