income tax

New Delhi, April 10 The Income Tax Department disposed of 2.22 lakh appeals during the last financial year, a nearly 29 per cent increase compared to the previous fiscal, as part of its efforts to reduce disputes with taxpayers, according to official data.Officials told

New Delhi, April 8 – The shortfall in the Pakistani government's revenues has emerged as a major weakness in the IMF program.These revenues are the cornerstone of Pakistan's IMF loan agreements, focusing on aggressive tax expansion to meet revenue targets and secure funds. To align with the...

Bengaluru, April 8 Karnataka Minister Priyank Kharge defended his father and AICC President Mallikarjun Kharge's "poisonous snake" remark against the BJP and RSS on Wednesday.He also criticized Assam Chief Minister Himanta Biswa Sarma, calling him "frustrated" and accusing him of "caste...

Bengaluru, April 8 Karnataka Minister Priyank Kharge defended his father and AICC President Mallikarjun Kharge’s “poisonous snake” remark against the BJP and RSS on Wednesday.He also criticized Assam Chief Minister Himanta Biswa Sarma, calling him “frustrated” and accusing him of “caste...

Kolkata, April 7 TMC candidate from Habra and former West Bengal minister Jyotipriya Mallick has declared assets worth over Rs 1.97 crore in his election affidavit, along with an annual income exceeding Rs 38 lakh, according to official records.Popularly known as 'Balu', Mallick, who was...

Lalgudi (Tamil Nadu), April 7 AIADMK candidate for the Lalgudi Assembly constituency, Leema Rose Martin, has emerged as the wealthiest contestant in the 2026 Tamil Nadu Assembly elections, declaring total assets valued at approximately ₹1,049.56 crore in her election affidavit.The 58-year-old...

Thane, April 5 A Motor Accident Claims Tribunal (MACT) has awarded a compensation of ₹20.52 lakh to the family of a 74-year-old businessman who died in a car collision in Maharashtra's Palghar district in 2022.The Thane MACT member, R V Mohite, directed the owner of the offending vehicle and...

Chennai, April 5 Amid scrutiny, TVK chief Vijay, who had earlier filed an election affidavit with no pending criminal cases, has declared two pending FIRs in a fresh affidavit filed before the returning officer for the Tamil Nadu Assembly elections to be held on April 23.The fresh affidavit...

New Delhi, April 4 The escalating dispute between the Aam Aadmi Party and its Rajya Sabha MP, Raghav Chadha, intensified on Saturday, with the sidelined leader dismissing AAP's allegations against him as "lies" and asserting that he went to Parliament to raise people's issues and not to create...

Budaun (UP), April 4 A farmer in the Budaun district of Uttar Pradesh was left stunned after receiving tax notices worth Rs 14.66 crore, allegedly for a fraudulent firm operating under his name in Delhi.After the farmer submitted a formal application, a two-member team, comprising the...

Budaun (UP), April 4 A farmer in the Budaun district of Uttar Pradesh was left stunned after receiving tax notices of ₹14.66 crore, allegedly for a fraudulent firm operating under his name in Delhi.After the farmer submitted a formal application, a two-member team, comprising the Additional...

New Delhi, April 4 – Aam Aadmi Party (AAP) Rajya Sabha member Raghav Chadha on Saturday refuted "false and coordinated allegations" leveled against him by fellow party leaders, asserting that the accusations were aimed at silencing his voice in Parliament.In a video on X, a defiant Chadha...

New Delhi, April 4 "I go to Parliament to make an impact, not to cause chaos," Rajya Sabha MP Raghav Chadha said on Saturday, rejecting allegations leveled against him by the Aam Aadmi Party, calling them "false" and part of a "coordinated campaign".In a video, Chadha dismissed claims that he...

Chandigarh, April 3 The Punjab government has issued a notification for the implementation of the 'Mukhya Mantri Mawan Dhiyan Satkar Yojana', under which eligible women will receive monthly financial assistance of between Rs 1,000 and Rs 1,500.According to the eligibility criteria, there will...

New Delhi, April 2 Congress leader Rahul Gandhi on Thursday raised concerns about deficiencies in the Ex-Servicemen Contributory Health Scheme (ECHS) and stated that the government should, at the very least, show respect and provide support to the brave armed forces personnel who sacrifice...

New Delhi, April 1 – The Income Tax Department has explicitly excluded income arising from the transfer of investments made before April 1, 2017, from the scope of the General Anti-Avoidance Rules (GAAR), thereby resolving a long-standing industry concern regarding retrospective applicability...

With the start of the new financial year today, a set of reforms, including key changes to financial regulations, will come into effect.The Income Tax Act, which has been in place for over six decades, will be replaced by the new Income Tax Act, 2025, starting today. This is designed to...

New Delhi, March 31 The government has notified the Finance Act 2026, paving the way for changes in tax provisions.This Act implements the financial proposals of the central government for 2026-27, a gazette notification dated March 30 issued by the Ministry of Law and Justice said."The...

New Delhi, March 31 The Income Tax department has notified all income tax return forms for the assessment year (AY) 2026-27.While ITR forms 1-4, filed by small and medium taxpayers, were notified on March 30, ITR forms 2, 3, 5, 6, and 7, as well as ITR-U (for filing updated returns), were...

Thane, March 31 A special CBI court in Thane has sentenced a former Income Tax officer to six months of rigorous imprisonment (RI) in a 19-year-old case involving accepting a bribe of Rs 20,000 from a person to finalize a tax assessment.Special Judge (CBI) D S Deshmukh also imposed a fine of...