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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......

'Unhappy' with chair, Opposition MPs may exit Waqf panel

Opposition MPs in the parliamentary committee scrutinising the Waqf (Amendment) Bill are scheduled to meet Lok Sabha Speaker Om Birla on Tuesday to protest its chairperson Jagdambika Pal's alleged......

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......

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......

Odisha cash haul: Role of hawala operators, shell companies under scanner

With the "highest-ever" cash seizure of Rs 351 crore by income tax sleuths during raids against a distillery company owned by a Congress MP's family, the role of hawala operators and shell......

Budget: 25% I-T Slab, Higher Rebate Likely

'If our Budget allows, we may implement both measures -- making income up to Rs 10 lakh tax-free and introducing a 25 per cent slab for income between Rs 15 lakh and Rs 20 lakh.' Illustration:......

Direct tax mop-up rises 21% to Rs 4.62 lakh cr

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......

Direct tax mop-up rises 20% to Rs 5.74 lakh cr on higher corporate advance tax

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......

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.......

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Central Board For Direct Taxes

News for Central Board For Direct Taxes

EC asks CBDT to verify Rajeev Chandrasekhar's poll affidavit

'Unhappy' with chair, Opposition MPs may exit Waqf panel

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

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

Odisha cash haul: Role of hawala operators, shell companies under scanner

Budget: 25% I-T Slab, Higher Rebate Likely

Direct tax mop-up rises 21% to Rs 4.62 lakh cr

Direct tax mop-up rises 20% to Rs 5.74 lakh cr on higher corporate advance tax

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

Undeclared foreign assets? Taxmen are here to help you

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