Proceedings for adjustment of refund to outstanding demand u/s 245 (1) of the Income tax Act, 1961 are pending. Proceedings ...

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

The Income Tax Department has revoked The Reporter's Collective's non-profit status. As per the IT department, TRC's ...

Income Tax raid: The Income Tax Department today (February 6) conducted raids at the premises of Congress MLA and former ...

India's new Income Tax law aims to simplify tax laws, reduce litigation, and make it easier for taxpayers to understand their ...

CBI has registered a case against One Deputy Commissioner (IRS) (IT) & two Inspectors of Income Tax Department, five Chartered Accountants and one private person and unknown others on the allegations ...

The Income Tax Department on Thursday conducted raids at the residence of Congress MLA and former Punjab Minister Rana Gurjeet Singh here, according to sources. Raids were also conducted at his other ...

Unlike donations to charitable trusts, there is no form or reporting mechanism under the Income Tax Act, 1961 for donations ...

The Union Budget 2025-26 has delivered the largest tax exemption hike in two decades, allowing individuals earning up to Rs ...

Budget 2025 prioritised three key areas: reviving consumption amid a notable slowdown, keeping inflation in check through a ...

An internal committee of India's Income Tax Department, guided by suggestions for simplification and structural improvement, is paving the way for a new tax law. The proposed changes, inspired by ...

The IT department conducted raids on premises linked to the IIFL Group for suspected tax evasion. Major entities involved ...