Income Tax Department of India: News

How to use Income Tax Department's new real-time feedback updates

The Income Tax Department of India, has announced a new feature in its Annual Information Statement (AIS), that offers taxpayers real-time updates on their feedback status.

06 May 2024

Finance

Godrej family's billion-dollar business restructuring won't attract tax: Here's why

The Godrej Group, a 127-year-old family-owned conglomerate, has recently declared its decision to split into two separate entities.

08 Apr 2024

Sanjay Singh

AAP's Sanjay Singh mounts attack against BJP over electoral bonds

Sanjay Singh, an MP from the Aam Aadmi Party, has accused the Bharatiya Janata Party (BJP) of corruption in relation to electoral bonds.

01 Apr 2024

Congress Party

'Won't recover dues during polls': Centre's breather for Congress

In a relief to the Congress ahead of the 2024 elections, the Centre told the Supreme Court on Monday that it will not act against the party to recover tax dues amounting to ₹3,500 crore.

31 Mar 2024

Ajay Maken

Congress gets fresh income tax notice worth Rs. 1,745 crore

The Congress Party has received another income tax notice from the Income Tax Department totaling more than Rs. 1,745 crore.

29 Mar 2024

Congress Party

Congress gets Rs. 1,700 crore demand notice by I-T department

The Income Tax Department has issued a demand notice of Rs. 1,700 crore to the Congress on Friday, news agency ANI reported.

13 Mar 2024

Delhi High Court

Delhi HC rejects Congress plea in tax penalty case

The Delhi High Court on Wednesday rejected the Congress's plea to halt the income tax demand notice for the recovery of Rs. 105 crore in outstanding taxes.

08 Mar 2024

Congress Party

Congress's plea to stay action against its bank accounts dismissed

The Income Tax Appellate Tribunal (ITAT) has rejected the Congress Party's request to stay the Income Tax Department's actions against its bank accounts.

01 Mar 2024

Delhi

Rs. 50 crore-worth luxury cars seized from tobacco mogul's home

The Income Tax Department conducted raids in over 20 different locations, including Kanpur, Delhi, Mumbai, and Gujarat, linked to Banshidhar Tobacco Company, on Thursday.

09 Feb 2024

Income Tax Return

IT Department alleges insurance companies evaded taxes worth Rs. 25,000cr 

The Income Tax Department is about to issue tax demand notices totaling Rs. 25,000 crore by the end of March, to various insurance companies.

02 Feb 2024

Income Tax Return

Income Tax e-filing website unavailable from February 3-5: Here's why

The Income Tax department has announced that its e-filing portal will be temporarily unavailable from 2pm on February 3 to 6am on February 5, due to scheduled maintenance activities.

31 Dec 2023

Income Tax Return

Last day to file ITR for FY2022-23 ends today

The clock is ticking for taxpayers, as the deadline to file Income Tax Returns (ITR) for the financial year 2022-23 is set for today (December 31).

13 Dec 2023

Odisha

Geo-surveillance, managers questioned: Raids continue at Dhiraj Sahu's Jharkhand home

The Income Tax Department's marathon raids at Congress MP Dhiraj Sahu's residence in Jharkhand continued on Wednesday.

13 Dec 2023

Business

Advance tax payment deadline nears: All you need to know 

The Income Tax Department has issued a reminder to taxpayers that the deadline for the third installment of advance tax payment is December 15, 2023.

11 Dec 2023

Congress Party

Over Rs. 350 crore cash seized from Congress MP-linked distillery

The Income Tax Department has so far seized Rs. 353 crore in cash from properties of an Odisha-based distillery group across three states.

10 Dec 2023

Rahul Gandhi

'Whose money'—BJP questions RaGa over Rs. 300cr Congress MP-linked recovery

The Bharatiya Janata Party (BJP) on Sunday took a dig at Congress leader Rahul Gandhi after the Income Tax (I-T) Department recovered over Rs. 300 crore in cash from raided properties of an Odisha-based distillery group.

10 Dec 2023

Narendra Modi

'Rs. 300cr and counting': Cash-counting at Congress MP-linked distillery expedited

The Income Tax Department has reportedly deployed additional manpower and machines to expedite the counting of cash seized during its raids on properties of an Odisha-based distillery group.

09 Dec 2023

Congress Party

I-T Department's Rs. 290cr 'biggest cash-recovery' linked to Congress MP

At least Rs. 290 crore in cash has reportedly been recovered by the Income Tax Department from premises linked to the Congress's Rajya Sabha MP Dheeraj Sahu in Odisha, Jharkhand, and West Bengal.

08 Dec 2023

Pinarayi Vijayan

Kerala HC notice to CM Vijayan, daughter over bribery allegations

The Kerala High Court on Friday issued notices to Kerala's Chief Minister Pinarayi Vijayan, his daughter T Veena, and some other leaders seeking their response to a plea seeking an investigation into the bribery allegations against Veena's IT firm.

08 Dec 2023

Congress Party

Odisha: Rs. 100 crore recovered from almirahs of Congress MP

The Income Tax Department, on Friday, seized over Rs. 100 crore in cash from locations connected to Congress leader and Rajya Sabha MP Dheeraj Sahu in Odisha.

07 Dec 2023

Odisha

Over Rs. 150cr recovered during raid at liquor manufacturing company

Income Tax (IT) Department officials conducted raids at multiple locations linked to Boudh Distilleries Private Limited (BDPL) on Wednesday and recovered significant amounts of cash in the last two days.

23 Nov 2023

India

Budget 2024 gunning for 10.5% rise in direct tax collections

The Union Budget 2024 aims for a 10.5% increase in direct tax collections, despite a sluggish global economy and a high revenue base in the current fiscal year, Moneycontrol has reported.

14 Nov 2023

Insurance

Aviva Life Insurance's India office searched for alleged tax evasion

Income Tax Department officials recently conducted a search at the New Delhi office of Aviva Life Insurance, a subsidiary of the UK-based insurance giant.

01 Nov 2023

Income Tax Return

7.85cr ITRs filed till October 31, highest ever in India

The filing of Income Tax Returns (ITR) has reached a record-breaking milestone in 2023, with 7.85 crore filings documented by October 31 in FY23-24.

35 lakh income tax refunds delayed in India: Here's why

Income tax refunds for around 35 lakh taxpayers are currently "held up" due to mismatch and validation issues with their bank accounts, as per Central Board of Direct Taxes (CBDT) Chairperson Nitin Gupta.

04 Oct 2023

Delhi Police

NewsClick founding-editor, HR head sent to 7-day police remand

NewsClick founder and Editor-in-Chief, Prabir Purkayastha, along with the news portal's Human Resources (HR) head, Amit Chakravarty, have been sent to a seven-day police remand.

29 Aug 2023

Business

FirstCry founder under IT scanner over alleged $50mn tax evasion

Supam Maheshwari, founder of FirstCry, Globalbees Brands, and Xpressbees, is facing an investigation by the Income Tax Department of India for allegedly evading over $50 million in taxes.

26 Aug 2023

India

I-T Department launches revamped website for ease of taxpayers

The Income Tax Department has launched a revamped website boasting a user-friendly interface, value-added functionalities, and new modules.

31 Jul 2023

Income Tax Return

What happens if you miss Income Tax Return deadline

The deadline to file your Income Tax Returns (ITR) for 2023 is today, July 31.

How Income Tax Department is using AI to find evaders

Artificial intelligence (AI) tools are the talk of the town. It is tough to find someone who is yet to board the AI bandwagon these days.

06 Jun 2023

BBC

BBC admits to paying lower taxes in India: Report

The British Broadcasting Corporation (BBC) has acknowledged that it may have paid lower taxes in India than its liability, the Hindustan Times reported, citing Central Board of Direct Taxation (CBDT) officials.

26 May 2023

Rahul Gandhi

Delhi HC rejects Gandhis, AAP's plea against I-T assessment transfer

The Delhi High Court on Friday upheld the Income Tax Department's decision to transfer the tax assessment of Congress leaders Rahul Gandhi, Sonia Gandhi, Priyanka Gandhi Vadra, and the Aam Aadmi Party (AAP) to the Central Circle from a faceless assessment.

06 May 2023

Manipur

Manipur: I-T official dragged out of house, beaten to death

An official of the Income Tax Department posted in Manipur's Imphal was allegedly dragged out of his official residence and killed during the ethnic violence that has engulfed the state, the Indian Revenue Service (IRS) Association said on Friday.

24 Apr 2023

Tamil Nadu

Tamil Nadu: I-T raids at alleged Stalin-linked real estate firm

The Income Tax Department on Monday conducted raids at over 50 locations across Tamil Nadu related to G Square Realtors, a real estate firm allegedly linked to CM MK Stalin and his kin.

30 Mar 2023

Income Tax Return

ITR filing: Top 10 mistakes you need to avoid

Many individual taxpayers prefer to file their Income Tax Returns (ITR) themselves, but not everyone is an expert in the complex Income Tax Law.

01 Mar 2023

Central Government

MHA suspends think-tank CPR's FCRA license amid I-T probe 

The Central government on Wednesday suspended the license of the well-known think-tank Centre for Policy Research (CPR) after discovering that it allegedly violated the Foreign Contribution Regulation Act (FCRA), Hindustan Times reported, citing sources.

01 Mar 2023

United Kingdom

Jaishankar replies to UK counterpart's BBC I-T 'survey' query 'firmly'

The Minister of External Affairs (MEA) S Jaishankar "firmly" responded to his United Kingdom counterpart, James Cleverly, on Wednesday when he brought up the "survey" at British Broadcasting Corporation (BBC) offices in Mumbai and Delhi by the Income Tax Department.

24 Feb 2023

BBC

Report fearlessly: BBC director-general to India staff after tax 'survey'

Days after the tax "survey" at the BBC offices in Delhi and Mumbai, the global media giant's director-general, Tim Davie, wrote an email to its staff in India, asking them to report without fear or favor.

17 Feb 2023

BBC

I-T Department surveys BBC using 'black money', 'benami' keywords

The Income Tax Department's "survey" at the British Broadcasting Corporation's (BBC's) Delhi and Mumbai offices ended Thursday night after nearly 60 hours.

16 Feb 2023

BBC

Day 3: I-T Department questioned BBC over financial transactions, subsidiaries 

The Income Tax Department's alleged survey at the British Broadcasting Corporation's (BBC) offices in Delhi and Mumbai entered its third day on Thursday.

15 Feb 2023

BBC

Day 2: I-T Department may question BBC's senior management today 

Amid growing uncertainties regarding the Income Tax Department's alleged survey at the British Broadcasting Corporation's (BBC) offices in Delhi and Mumbai, the officials continued the operation for the second day on Wednesday.

15 Feb 2023

BBC

US reacts to I-T 'surveys' at BBC's Delhi, Mumbai offices

The United States (US) has stated that it is aware of the Income Tax Department's (I-T) raids at the British Broadcasting Corporation (BBC) Delhi and Mumbai offices, but it cannot make any comments on the situation.

BJP, Opposition lock horns over I-T 'survey' at BBC offices

After the Income Tax Department's purported "survey" at BBC's offices in Delhi and Mumbai on Tuesday, the Opposition has accused the BJP-led government of targeted harassment.

14 Feb 2023

Central Government

I-T Department conducts raids at BBC's Delhi, Mumbai offices: Report

The Income Tax Department has started conducting raids at the British Broadcasting Corporation's (BBC) offices in Delhi and Mumbai, reported Economic Times.

01 Feb 2023

Union Budget

Union Budget 2023: How's new tax regime different from old

In a relief to middle-class citizens in the Union Budget 2023-24, the income tax exemption limit under the new tax regime has been increased from Rs. 2.5 lakh to Rs. 3 lakh, while the tax rebate limit was raised from Rs. 5 lakh to Rs. 7 lakh.

31 Oct 2022

Central Government

How much gold can Indians legally store at home?

India has always been obsessed with gold, and people adore the precious metal for investment purposes and cultural reasons, too.

IT sleuths seized our phones, cloned data, claim Oxfam, IPSMF

Global non-profit organization Oxfam India and the Independent and Public-Spirited Media Foundation (IPSMF), which funds media firms, have said that Income Tax (IT) officials confiscated its team members' phones to clone and retrieve data during its "survey" two days ago.

07 Sep 2022

Delhi

Delhi: Tax raids at think tank Centre for Policy Research

Income Tax (IT) department raids are underway at the premises of Delhi-based think tank Centre for Policy Research (CPR).

ICAI CA Foundation June 2022 results out: How to check?

The Institute of Chartered Accountants of India (ICAI) announced the CA Foundation Result 2022 on Wednesday (August 10).

02 Aug 2022

Government of India

ITR verification time limit reduced from 120 to 30 days

The time limit for the e-verification or hard copy filing of the ITR-V (Income Tax Return-Verification), which is done after filing taxpayer returns, has been reduced from 120 days to 30 days, with effect from Monday (August 1), by the Income Tax Department.

29 Jul 2022

X

Income tax deadline: 'Extend due date immediately' trends on Twitter

Taxpayers have voiced a number of concerns over the income tax portal as the Income Tax Return (ITR) filing deadline approaches and have demanded an extension of the deadline.

25 Jul 2022

Akshay Kumar

Rajinikanth, Akshay Kumar honored for being highest taxpayers

Kollywood superstar Rajinikanth is officially the highest taxpayer in Tamil Nadu.

ED seizes Rs. 5,551cr from Xiaomi's bank accounts: Details here

The Enforcement Directorate (ED) has seized Rs 5,551.27 crore from Xiaomi India in a massive crackdown under the 1999 Foreign Exchange Management Act (FEMA) provisions.

08 Mar 2022

Maharashtra

Income Tax raid on Maharashtra minister Aaditya Thackeray's close aides

The residence and offices of close aides of Maharashtra ministers Aaditya Thackeray and Anil Parab faced raids by the Income Tax Department.

Income Tax Returns deadline extended to March 15

The central government on Tuesday extended the due date for filing Income Tax Returns for Assessment Year 2021-22 to March 15, 2022.

31 Dec 2021

Samajwadi Party

IT Department raids SP MLC Pushpraj Jain over tax evasion

The Income Tax Department conducted raids at the premises of Samajwadi Party (SP) legislator Pushpraj Jain in Uttar Pradesh's Kannauj on Friday.

Pandora Papers probe begins; I-T notices sent to Indians, NRIs

The Centre's investigation into the Pandora Papers revelations is gathering pace with the Income Tax Department sending notices to most Indians named in the exposé.

02 Nov 2021

Maharashtra

Ajit Pawar's properties worth Rs. 1000cr seized by I-T Department

The Income Tax Department has provisionally attached properties worth over Rs. 1,000 crore linked to Maharashtra Deputy Chief Minister Ajit Pawar and his family members.

25 Sep 2021

Gujarat

I-T department raids Gujarat diamond group, claims multi-crore tax evasion

The CBDT on Saturday said the Income Tax Department has detected tax evasion worth crores of rupees in raids on Gujarat's leading diamond manufacturer and exporter.

11 Sep 2021

Delhi

'Wasn't allowed access to lawyer': Newslaundry co-founder on I-T survey

Abhinandan Sekhri, the co-founder of online media portal Newslaundry, said Income Tax Department officers spent more than 12 hours at his company's office.

10 Sep 2021

Delhi

Income Tax Department conducts 'surveys' at offices of NewsClick, Newslaundry

Income Tax Department officials today visited the offices of online news portals NewsClick and Newslaundry in Delhi.

22 Aug 2021

Infosys

Government summons Infosys CEO over glitches in I-T e-filing portal

The Finance Ministry has summoned Infosys MD and CEO, Salil Parekh, over the failure of the company to address issues pertaining to the glitches in the new Income Tax e-filing portal.

22 Jul 2021

Madhya Pradesh

I-T raids on Dainik Bhaskar group; 'attempt to stifle democracy'

The Income Tax (I-T) department is conducting raids at the offices of one of India's largest media houses, Dainik Bhaskar, along with Uttar Pradesh-based news channel Bharat Samachar.

14 Jul 2021

Bengaluru

IT department surveys Bengaluru company; detects Rs. 880cr hidden income

The Income Tax Department has detected "concealment" of Rs. 880 crore income after it surveyed the Bengaluru premises of a leading manpower service providing company, the Central Board of Direct Taxes (CBDT) said on Tuesday.

06 Jul 2021

Shashi Tharoor

Government has created mess: Shashi Tharoor on new I-T portal

Attacking the central government over the glitches in the new Income Tax portal, senior Congress leader Shashi Tharoor alleged that even after spending Rs. 4,200 crore on the new I-T portal, the government had "failed" to make it user-friendly and created a "mess" instead.

TDS rules change from this month. Check details here

In the Union Budget 2021, the Finance Ministry has introduced a fresh rule to deduct Tax Deducted at Source (TDS) at a higher rate for those who failed to file their income tax returns for the past couple of years.

30 Jun 2021

Aam Aadmi Party (AAP)

'Ridiculous,' says AAP as MLA Atishi gets income tax notice

The Income Tax Department has sent a notice to Aam Aadmi Party (AAP) MLA Atishi, she and the party said on Wednesday, slamming the Bharatiya Janata Party (BJP) over the matter.

16 Jun 2021

India

How to apply for PAN instantly on new Income-Tax portal

Permanent Account Number (PAN) is an important alphanumeric identity issued by the Income Tax Department to all the taxpayers in India.

08 Jun 2021

Income Tax Return

Everything you should know about I-T Department's new e-filing portal

The Indian government's Income Tax (I-T) department has started using its new taxpayer-friendly portal. The new website (www.incometax.gov.in) replaces the old one (www.incometaxindiaefiling.gov.in).