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Nitish Kumar gives up home portfolio after 20 years

The home portfolio of Bihar, which Chief Minister Nitish Kumar kept with himself all through his nearly 20-year-long tenure, has been given to his deputy, Bharatiya Janata Party leader Samrat......

UP shopkeeper stunned by Rs 141 crore tax notice

A small grocery store owner in Bulandshahr has alleged that his PAN card was misused to set up six companies in Delhi after he received a notice from the Income Tax Department over sales worth more......

Want To Donate To A Political Party? Read This!

Avoid donating without checking the receipt proforma showing the political party's ECI registration number and PAN. Kindly note this illustration generated using Microsoft Copilot is only posted......

Shinde Sena minister Shirsat gets tax notice over asset jump

Maharashtra Minister for Social Justice Sanjay Shirsat on Thursday said he has received a notice from the Income Tax department seeking an explanation of the increase in his assets between the 2019......

SC to hear on Monday plea against Sonam Wangchuk's NSA detention

The Supreme Court is scheduled to hear on Monday a plea filed by Sonam Wangchuk's wife which termed the climate activist's detention under the stringent National Security Act as illegal and an......

Make demergers tax-neutral, biz houses nudge govt

Ahead of the Union Budget 2026-27, Indian business houses have urged the government to make demergers tax-neutral, particularly in cases involving transfer of investments in associate companies......

1 in 3 Decade-Old Tax Cases Still Unheard

'Tax cases are technical in nature... Many high courts do not have a tax bench, which also contributes to the delay.' Illustrations: Dominic Xavier/Rediff A food product company in Andhra......

25K individuals to get SMS/e-mails from I-T dept for non-disclosure of foreign assets

The Income Tax department will start sending SMS/emails to about 25,000 individuals, who are part of the "high-risk" cases identified for non-disclosure of foreign assets in the income tax returns......

ITR forms under new Income Tax Act to be notified prior to FY28: Govt

The new income tax returns (ITR) form based on the I-T Act, 2025, will be notified prior to 2027-28 fiscal year, Minister of State for Finance Pankaj Chaudhary said on Monday. Illustration:......

Budget wishlist: Industry seeks easier tax rules, dispute fixes

With the Union Budget three months away, major industry chambers have submitted to the government proposals on common taxes, seeking simpler compliance and a quicker resolution of tax disputes.......

Jawahar Lal Nehru Stadium to be revamped as Sports City

IMAGE: The Jawahar Lal Nehru Stadium in New Delhi, which was built in 1982 for the Asian Games, later hosted the 2010 Commonwealth Games for which it was refurbished at a cost over Rs 900 crore.......

'India must learn from NZ spin collapse'

‘They have got four (three specialist) spinners at their disposal. Most likely they will play three and it is a little bit like playing against a subcontinent team’ IMAGE: South Africa deserve......