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Net direct tax collection of Rs.18,90,259 cr as on March 17, 2024, includes CIT Personal Income Tax including Securities Transaction Tax

Net direct tax collections for FY 2023-24 grow at over 19.88%: I-T Dept

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India's net direct tax collection over Rs.18.90 lakh crore till March 17 The provisional figures of direct tax collections for the Financial Year 2023-24 as...
The Income Tax Department receives information on specified financial transactions of taxpayers from various sources

Income Tax Dept detects cases of tax not being fully paid; sets March 15...

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Not paid tax according to specific financial transaction, do so by March 15, says Income Tax Dept The Income Tax Department has identified some persons...
Senior Advocate Vivek Tankha, who appeared for the Congress, has requested to keep the order in abeyance for 10 days so that they can approach the High Court

Income Tax tribunal dismisses Congress’s plea to stop action against bank accounts

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Big setback for Congress: Income Tax Tribunal junks Congress, plea seeking stay on freezing accounts; party says will move HC In a major setback to...
Unpaid taxes from income earned off National Herald properties haunt the Gandhis. AAP included in the net?

SC defers hearing of Income Tax assessment case of Gandhis till Dec 13

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The Delhi HC had yet to issue notice of the petitions against its decision The Supreme Court on Friday deferred the hearing of the petitions...
“The assessment order passed by the department in August this year was time barred and hence cannot be sustained," Bombay High Court noted in its judgment

Bombay HC orders tax refund of Rs.1128 cr to Vodafone Idea. Pulls up I-T...

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Vodafone Idea's 'win of Rs.1128 crore' The Bombay High Court has directed the Income Tax Department to refund Rs.1,128 crore to Vodafone Idea Limited paid...
The company’s corporate office is in Bhopal while the registered office is in Delhi

Income Tax Dept conducts search & seizure operation at offices, factories of Som Distilleries

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Som Distilleries share price drops by 4.3% Som Distilleries and Breweries Limited said that a search and seizure operation by the Income Tax Department at...
Number of returns filed have shot up across various tax slabs reflecting more robust revenue base

Income Tax compliance in India is on the upswing across slabs, says data

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ITR filings by taxpayers rise 90% in the last nine years Data released by the Income Tax Department shows that a healthy trend of increased...
Around hundred sleuths comprising the Income Tax department and Bihar Police conducted the raids from 7 a.m.

Bihar: Income Tax team raids premises of Millia Educational Trust’s owner

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Raids in Millia Education Trust institutions in Bihar, Income Tax raids in directors Asad Imam's houses also Separate teams of the Income Tax Department conducted...
Major crackdown by the Income tax department on tax evasion

I-T major action on tax evasion; raid on premises linked to DMK MP S...

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A major action against tax evasion by the IT department, raids underway in Tamil Nadu and Telangana In a massive crackdown, the Income Tax raids...
Filing of ITRs peaked on July 31, which was the last date for filing returns for salaried taxpayers

More than 6 crore ITRs, 16% more than last year filed till July 31:...

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Income tax returns filings touch an all-time high of 67.7 mn, up 16% from last year A total of 6.77 crore income tax returns (ITRs)...

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