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Anil Deshmukh case: Tax raids uncover alleged hidden income of Rs 17 crore

The Income Tax Department has detected "concealment of income" to the tune of Rs 17 crore after recent raids on institutions linked to former Maharashtra home minister Anil Deshmukh and his family......

Attempt to stifle independent journalism: Newslaundry, Newsclick on tax 'survey'

Online news platform Newslaundry on Saturday said it does business "honestly and with integrity" while another such portal Newsclick said investigation against it by various agencies including the......

Taxmen conduct 'surveys' at offices of Newslaundry, Newsclick

The Income Tax department on Friday conducted separate 'survey operations' at the premises of online news portals Newsclick and Newslaundry in New Delhi, officials said.   Photograph: PTI......

Don't have ITR of political parties: I-T dept to RTI activist

The income tax department has given a "contradictory" response when asked for tax returns of political parties under the Right to Information Act, by first saying that the information is not held......

Madras HC issues notice to AR Rahman in tax evasion case

The Madras high court on Friday issued notice to music composer A R Rahman on a petition filed by the Income Tax department alleging that he used a foundation in which he is the managing trustee as......

Infosys urged to work on ways to access taxpayers' data accurately

The finance ministry (FinMin) has asked Infosys to work on ways to extract and access taxpayers’ real-time data faster and accurately as it is crucial for taking decisions on policy changes.......

New ITR form makes it easier to report foreign assets

As these forms are quite elaborate, their early notification will give assessees more time to get the documentation and paperwork ready, and hence make complete disclosures while filing their......

30% tax on crypto income to come into effect from April 1

Several income tax proposals, including 30 per cent tax on income from trade in cryptocurrencies will come into effect from Friday. Photograph: Edgar Su/Reuters Also, the revised norms for levy of......

Huawei accused of manipulating India account books

The income tax department has found alleged manipulation of account books for reducing taxable income in India by Chinese telecom company Huawei whom it raided recently, sources said on Thursday.......

Why govt extended concessional corporate tax rate till March 2024

The government wants new domestic companies to set up their manufacturing units fast and hence the concessional tax rate of 15 per cent has been extended by a year till March 2024, revenue......
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