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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......

Income tax dept conducts survey at Hinduja group firm

The income tax department on Wednesday conducted a survey operation at Hinduja Global Solutions, an entity of the Hinduja Group, in Mumbai and some other cities, official sources said. IMAGE: The......

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 of thousands, hit with tax notice for crores!

A man earning Rs 15,000 salary got an income tax notice of Rs 33.88 crore, another making Rs 8,500 was slapped with a notice of Rs 3.87 crore and a third Rs 7.79 crore. IMAGE: Kindly note that......

1 killed in Delhi income tax office blaze; officials say no data loss in fire

A 46-year-old income tax officer died while six people were rescued after a massive fire broke out at the Income Tax CR Building at ITO in central Delhi Tuesday afternoon, the police said. IMAGE:......

Blow to income tax department

The income tax department is once again facing a major roadblock in its recovery proceedings to meet the steep collections target this fiscal. This time, it is in the form of interest income......

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:......

Why Income Tax Cases Drag On For Decades

'Repeated adjournments are one of the largest contributors to lengthy litigation cycles.' Kindly note this illustration generated using Microsoft Copilot is only posted for representational......

Income Tax department eyes foreign gold buyers

Financial details of Indians bringing in gold from abroad after duty payment will be shared by customs authorities with Income Tax department to check suspicious ferrying of the yellow metal into......

Mr Jaitley, why is the income tax department hiding data?

Our income tax department should bring out monthly bulletins as well as annual reports providing insights into the nature of our direct tax segments, says R Vaidyanathan. Palaniappan Chidambaram,......

Mammootty, Mohanlal to settle income tax dues

Malayalam actors Mammootty and Mohanlal, whose premises had been raided by the Income Tax department, have admitted to having assets beyond their known sources of income. Both actors have agreed to......

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.......