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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......

After 3 days of income tax 'survey', BBC says...

The Income Tax authorities have left the offices of the BBC in New Delhi and Mumbai after three days of lengthy questioning of some of its staff, the United Kingdom-headquartered public broadcaster......

Rs 3,500 cr income tax notices: Cong gets SC relief

In a relief for the Congress, the Income Tax department on Monday told the Supreme Court that it will not take any coercive action against the opposition party for tax demand notices of Rs 3,500......

Income tax dept ends survey at BBC after nearly 60 hours

The income tax department's marathon "surveys" at BBC's offices ended on Thursday, after clocking nearly 60 hours, as officials took with them an inventory of financial data from select staffers......

Income tax conducts searches at premises linked to TN minister Balaji

Income tax authorities on Friday launched coordinated searches across different locations in Tamil Nadu at individuals linked to state Electricity Minister V Senthil Balaji, with his brother, some......

What You Must Know About New Income Tax Act

The contrast with the old Income-Tax Act is stark.The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000.Chapters have been cut from 47 to 23, while sections have reduced from......

Tax forms for charitable institutions set for overhaul

As the new Income Tax (I-T) Act, 2025 moves towards implementation from April 1, 2026, the finance ministry is reviewing and simplifying the compliance forms used by charitable institutions.......

Pre-Budget meeting: Ficci seeks faster resolution of tax disputes

The Federation of Indian Chambers of Commerce and Industry (Ficci) has sought urgent steps to clear the huge backlog of income-tax appeals, simplify tax deducted at source (TDS) compliance, and......

HUL gets Rs 963 cr Income Tax demand notice

Leading FMCG maker HUL said that it has received a demand notice of Rs 962.75 crore from the Income Tax Department and will go in for an appeal against the order. Photograph: Philippe......

ITR-B Targets Undisclosed IncomeReporting

Form ITR-B allows the assessee to claim TDS (tax deducted at source) and TCS (tax collected at source) credit against undisclosed income. Photograph: Jitender Gupta/ANI Photo The finance......

Income Tax officials search Mohanlal's residence

After a four-day gap, Income Tax officials continued searches at Malayalam superstar Mohanlal's residence in Kochi. The officials began the search in the presence of the actor, who returned from......

Income Tax raids on offices of IPL franchisees

In nation-wide raids on Wednesday, Income Tax sleuths swooped down on offices of Indian Premier League franchisees Kolkata Knight Riders, Chennai Super Kings, Deccan Chargers and Kings XI, and......

Income Tax surveys at offices of IPL franchises

Income Tax authorities conducted surveys atoffices of Indian Premier Leaguefranchises Pune Warriors in Pune and Mumbai and Royal Challengers Bangalorein the southern city as part of their probe......

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.......

Real Madrid coach Ancelotti's tax evasion trial begins

IMAGE: The prosecutor is seeking a prison term of four years and nine months for Ancelotti and a fine of 3.2 million euros. Photograph: Ana Beltran/Reuters Real Madrid coach Carlo Ancelotti told a......