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......
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......
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......
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......
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......
Net direct tax collection grew 19.54 per cent to over Rs 5.74 lakh crore so far this fiscal on higher advance tax payment by corporate. Illustration: Dominic Xavier/Rediff.com The first......
Net direct tax collection grew 21 per cent to over Rs 4.62 lakh crore so far this fiscal, on higher advance tax payment by corporate. Illustration: Dominic Xavier/Rediff.com The first instalment......
The central government's fiscal deficit during 2023-24 at 5.6 per cent of the GDP was better than previous estimates of 5.8 per cent on account of higher revenue realisation and lower expenditure,......
Direct tax collection, net of refunds, moderately exceeded the revised estimates (RE) for the financial year 2023-24 (FY24) on the back of personal income tax revenues, but corporation tax receipts......
'Personal income tax is growing by 27 per cent and most refunds have already been issued.' Illustration: Dominic Xavier/Rediff.com "Suppose you are a taxpayer and you have been filing returns and......