The Income Tax Department has issued a formal clarification regarding the proposed Income Tax Bill 2025, dismissing ...

Confirming the development, Mohammad Abdur Rakib, commissioner of the ITIIU – the intelligence wing of the Income Tax Dept, told TBS, “We have initiated inquiries into the tax files of these ...

Bombay High Court sets aside reassessment notices for AY 2017-18, ruling Jurisdictional AO lacks authority to issue them under Faceless ...

ITAT Lucknow dismisses revenue appeal, confirming deletion of Rs. 1.13 Cr addition, citing lack of identity proof and denied ...

A PAN card is a laminated card issued by the Income Tax Department that contains your 10-character unique alphanumeric PAN. A ...

Husband gifts two flats to wife in 2017, wife sells them in 2020 for Rs 6 crore (5.98) and pays no income tax, Mumbai ITAT ...

A woman from Mumbai won a court case at the Income Tax Appellate Tribunal (ITAT), which said she did not have to pay income ...

If you have foreign income or assets, you cannot fill the standard ITR-1 form. You must fill ITR-2 or ITR-3, subject to whether you have business income. These forms contain special pages for ...

Depending on timing, the additional tax payable ranges from 25 per cent to 70 per cent of the tax and interest. "Once a raid, ...

Authorities say Rosenberg was well aware that the accounts, some in her name, had never been reported to the U.S. government, ...

After PM Narendra Modi's speech, Congress MP Imran Masood said, "This was the worst speech made by the Prime Minister during his tenure. Rahul Gandhi had made specific and direct questions. If he had ...

Odisha's Subhadra Yojana portal reopens after August 9 for new applications, excludes 2 lakh ineligible beneficiaries, ...