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EC asks CBDT to verify Rajeev Chandrasekhar's poll affidavit

The Election Commission on Tuesday directed the Central Board of Direct Taxes (CBDT) to verify any mismatch in affidavit details submitted by Union minister and Bharatiya Janata Party candidate......

After Rs 351-cr Odisha cash find, IT dept ends 10-day raids

The Income-tax department raids being carried out against an Odisha-based distillery firm owned by a Congress MP's family, and some linked entities, ended early on Friday, capping ten days of......

Business group linked to DMK MP among 2 raided by taxmen

The Income Tax department has seized unaccounted cash of Rs 32 crore and gold bullion worth Rs 28 crore after its recent searches against two business groups, including one linked to Dravida......

May have under-reported India income, BBC tells tax dept

British broadcaster BBC has communicated to the income-tax department that some of its past income, for its operations in India, could have gone unreported during the statutory filing of returns......

CBI books Oxfam India for FCRA violation, searches its office

The Central Bureau of Investigation (CBI) registered a first information report (FIR) against Oxfam India and its office-bearers for alleged violation of the Foreign Contribution (Regulation) Act......

Failure to disclose foreign assets, income to invite Rs 10L penalty: I-T dept

The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of Rs 10 lakh under the......

Undeclared foreign assets? Taxmen are here to help you

The income tax department on Saturday said it has launched a campaign to send messages to taxpayers who have not disclosed high-value foreign income or assets in their ITRs for AY 2024-25.......

Taxmen allowed to waive or reduce interest due from assessee with riders

The income tax department has allowed tax officials to either waive or reduce interest payable by a taxpayer, subject to specified conditions. Illustration: Dominic Xavier/Rediff.com Under the......

ITR filing deadline for corporates extended by 15 days to Nov 15

The income tax department on Saturday extended the deadline for filing income tax returns by corporates by 15 days till November 15 for assessment year 2024-25. Illustration: Dominic......

Tax dept invites public suggestions for I-T Act review

The Income Tax department on Monday invited public inputs for review of the six-decade old I-T Act with regard to simplification of language, litigation reduction, compliance reduction, and......

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Cbdt

News for Cbdt

EC asks CBDT to verify Rajeev Chandrasekhar's poll affidavit

After Rs 351-cr Odisha cash find, IT dept ends 10-day raids

Business group linked to DMK MP among 2 raided by taxmen

May have under-reported India income, BBC tells tax dept

CBI books Oxfam India for FCRA violation, searches its office

Failure to disclose foreign assets, income to invite Rs 10L penalty: I-T dept

Undeclared foreign assets? Taxmen are here to help you

Taxmen allowed to waive or reduce interest due from assessee with riders

ITR filing deadline for corporates extended by 15 days to Nov 15

Tax dept invites public suggestions for I-T Act review

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