income tax

New Delhi, March 14 The Income Tax department on Saturday asked taxpayers to ignore any emails they may have received, if any, alerting them about "significant transactions" as part of the Advance Tax e-campaign.In a post on X, the Central Board of Direct Taxes (CBDT) said that some taxpayers...

The Income Tax Department has issued a clarification regarding certain email communications sent to taxpayers as part of the Advance Tax e-Campaign for Assessment Year 2026-27.In a statement, the department informed that some taxpayers had received emails containing inaccurate details...

Vice President C.P. Radhakrishnan described revenue service officers as the guardians of the nation's financial strength, emphasizing that development activities across the country are only possible due to the revenue generated through taxes. He made this statement to the trainee officers of the...

Bengaluru/Mysuru, March 10 Karnataka BJP MLA T.S. Srivatsa, representing the Krishnaraja constituency in Mysuru, has demanded a thorough investigation into the alleged irregularities in the registration and subsequent cancellation of 24 acres and 10 guntas of land in Survey No. 4 of...

New Delhi, March 10 President Droupadi Murmu said on Tuesday that tax officers must exercise the authority entrusted to them with humility, restraint, and an unwavering commitment to constitutional values.Addressing a group of Indian Revenue Service (Income Tax) officers who had called on the...

New Delhi, March 9 The Income Tax Department has detected under-reporting of sales worth Rs 408 crore after it conducted a nationwide survey of restaurants on charges of tax evasion, the CBDT said on Monday.After visiting the premises of restaurants on Sunday, the taxman is now sending emails...

New Delhi, March 9 E-commerce firm Meesho has received a tax demand notice of approximately Rs 1,500 crore, including interest, which the company plans to challenge, according to a recent company filing.Meesho received the notice on March 6 for the assessment year 2023-24."The Assessment...

Navi Mumbai, March 5: The teenage sensation, Vaibhav Suryavanshi, smashed 58 off just 19 balls to lead DY Patil Blue to the semi-finals of the 20th DY Patil T20 Cup, defeating Income Tax by four wickets in the quarter-finals held at the DY Patil University ground.Suryavanshi hit four...

New Delhi, March 3 – Pakistan’s high tax regime is stifling the formal economy, particularly industrial businesses, yet there seems to be no realization within the Federal Board of Revenue (FBR), which continues to extract heavily from the top 1 per cent of the population, according to an...

Union Minister for Labour and Employment Dr. Mansukh Mandaviya chaired the 239th meeting of the Central Board of Trustees (CBT) of the Employees' Provident Fund (EPF) in New Delhi today. In a social media post, Dr. Mandaviya stated that several important decisions were made during the meeting to...

Chandauli (UP), February 28 The Government Railway Police (GRP) on Saturday claimed to have recovered Rs 1.75 crore in cash from two young men traveling on the Akal Takht Express train when it arrived at the Pandit Deendayal Upadhyay Railway Station in the Chandauli district.GRP Circle Officer...

New Delhi, February 28 Leader of the Opposition in the Lok Sabha, Rahul Gandhi, has written to Finance Minister Nirmala Sitharaman, requesting funding for the Ex-Servicemen Contributory Health Scheme (ECHS) and the restoration of full income tax exemption on disability pensions.In his letter...

New Delhi, February 28 – Leader of the Opposition (LoP) in the Lok Sabha, Rahul Gandhi, wrote to Finance Minister Nirmala Sitharaman on Saturday, raising concerns about what he described as serious funding gaps in the Ex-Servicemen Contributory Health Scheme (ECHS) and urging the withdrawal of...

Navi Mumbai, February 27 – Despite the efforts of Indian batsmen Rahul Tripathi and Shreyas Iyer, BPCL narrowly defeated Income Tax by two wickets in the DY Patil T20 Cup at DY Patil Stadium in Nerul on Friday.After being put in to bat first, BPCL scored 151/8 in their 20 overs. Tripathi was...

Hyderabad, February 26 Economist Montek Singh Ahluwalia has opined that state governments can tax large agricultural farms that are diversifying and generating high income levels, to strengthen their finances.Speaking at a conference on the 16th Finance Commission report on Wednesday, the...

New Delhi, February 25 The government has released draft income tax forms that require disclosure of the tenant-landlord relationship to claim I-T deductions, and increased the responsibility of auditors and companies for claiming tax credits on foreign income.The draft forms also propose to...

Navi Mumbai, February 24 – Mumbai wicketkeeper batter Hardik Tamore’s brilliant innings of 85 went in vain as Route Mobile lost by eight runs against DTDC in the 20th DY Patil T20 Cup at the University Ground in Nerul, Navi Mumbai on Tuesday. However, the highlight of the day was Shreyas Iyer’s...

New Delhi, February 18 The Congress warned on Wednesday of protests if the government does not withdraw its proposal to bring disability pensions for soldiers within the ambit of income tax by the end of this month.Colonel Rohit Chaudhry (retired), chairman of the party's ex-servicemen...

Bengaluru, February 15 Karnataka Minister Priyank Kharge accused the RSS of "money laundering" on Sunday, and also questioned its source of income.He stated that the laws and the Constitution, which apply to everyone in the country, should also apply to the RSS."The RSS did not hoist the...

New Delhi, February 12 High personal income tax collection does not necessarily mean that the middle class is being suppressed or crushed in the country, Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Thursday.There is no evidence of any suppression of the middle class in the...