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As many as 55,000 one-time cases were opened following a Supreme Court order

1 lakh notices sent over non-filing returns & misrepresentation of income, says FM Nirmala...

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Sitharaman says tax rates haven't gone up, but revenue has been rising steadily over the past three years Union Finance Minister Nirmala Sitharaman said that...
Taxpayers have to file the returns for 2022-23 with the assessment year being 2023-24

Deadline to file IT returns won’t be extended; Govt urges taxpayers to file returns...

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ITR: Govt not contemplating extension of July 31 deadline The government has urged taxpayers to file their income tax returns before July 31, 2023, to avoid...
The raids on Shree Cements came after IT Department officials doubted the tax deduction claims of the group

I-T raids on Shree Cements expose Rs.23,000 crore tax fraud

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IT raids at over 24 locations of Shree Cement on suspicion of tax evasion In the wake of the raids on the Shree Cement Group,...
The IT Department will also be conducting raids in other places attached to Senthil Balaji and his family

IT Department continue raids on people associated with TN minister Senthil Balaji

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IT Dept, ED work to track Senthil Balaji's money trail For the second consecutive day, the Income Tax Department teams were conducting raids at the...
I-T department searched the premises of the company in Delhi and nearby locations

I-T Dept searches Mankind Pharma’s office in Delhi over tax evasion allegation

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Tax evasion allegations lead I-T dept to search Mankind Pharma's Delhi premises On Thursday, the Income Tax Department searched Mankind Pharma Limited, a pharmaceutical and...
The move comes in the wake of searches conducted by Income Tax at the offices of the British broadcaster in New Delhi and Mumbai in February this year

Controversial documentary on Modi: After Income Tax, ED registers case against BBC

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ED steps in to register FEMA case against BBC’s India After the Income Tax raid, the Enforcement Directorate (ED) also registered a case on foreign...
The growth in direct tax mop-up, which comprises personal income tax and corporate taxes, was driven by Personal Income Tax (PIT) collections

India’s direct tax collections surge by 22.58% YoY to Rs.16.68 lakh cr till 10...

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Net direct tax collections reach Rs.13.73 lakh crore; 83% of the revised estimate for FY23 On Saturday, the Central Board of Direct Taxes (CBDT) revealed...
As per the Finance Ministry data, the positive impact of demonetization led to an increase in tax compliance in the country

Demonetization led to seizure of Rs.900 cr, undisclosed income worth Rs.8,000 cr between Nov...

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Finance Ministry reveals the effects of demonetization on undisclosed income and black money The demonetization exercise has led to the seizure of Rs.900 crore, including...
The tax survey has also thrown up several discrepancies and inconsistencies with regard to transfer pricing documentation, says the I-T authorities

Income Tax authorities say income, profits of BBC not commensurate with operations in India

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The three-day survey found many tax-linked irregularities at BBC, says the I-T dept The income and profits shown by various BBC group entities are "not...
Profit diversion, non-compliance despite repeated reminders the reason for the survey, IT dept says

Weeks after the documentary critical on Prime Minister Narendra Modi, Income Tax Dept conducts...

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I-T authorities survey BBC offices in India amid Modi documentary fallout In an unexpected move, the Income Tax Department on Tuesday conducted survey operations at...
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