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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...
Anushka Sharma has filed four petitions herself challenging notices issued by the Sales Tax Department over assessments for four years

Anushka Sharma moves Bombay HC against Sales Tax Department orders seeking dues under Maharashtra...

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Bombay HC seeks State's response on a plea by Anushka Sharma in Sales Tax case On Thursday Bollywood actor Anushka Sharma challenged the orders of...
It is certain that Roy will prefer a safe escape from the cases he is facing from the CBI and expected ED cases – apart from the huge tax evasion penalties

NDTV take over: Adani and Prannoy Roy enter into a deal. Safe exit from...

Sree Iyer - 4
Stunning revelation by Gautam Adani Industrialist Gautam Adani and NDTV promoter Prannoy Roy have stuck a deal. In his interview with Financial Times, published on...
I-T department has recovered a few incriminating documents during the search operation

I-T Department raids MG Motor’s office in Gurugram

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Another Chinese company under lens: I-T raids on MG Motor A team of officials from the Income Tax Department reached the office of MG Motor...
The I-T Dept sought further time, following which the bench adjourned the matter till December 19

Bombay HC extends till Dec 19 the earlier order of no coercive action against...

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Anil Ambani again gets relief over tax evasion matter as I-T seeks more time The Bombay High Court on Thursday extended till December 19 its...
The Reliance Group chairperson was served the notice for allegedly evading Rs.420 crore in taxes on undisclosed funds worth more than Rs.814 crore

Rs.420 crore tax evasion. No coercive action till Nov 17 against Anil Ambani, Bombay...

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Bombay HC gives Anil Ambani relief over tax evasion matter The Bombay High Court on Monday directed the Income Tax department not to take any...
What are the options before Prannoy Roy? Nothing, just to sell his 32% shares and buzz off to his bungalow in Cape Town in South Africa

Game over for Prannoy Roy after Income Tax issues clean chit on Mukesh Ambani...

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Did the road end for Prannoy Roy? With Income Tax giving clean chit to Mukesh Ambani linked company to acquire more than 29% of NDTV’s...
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