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Income Tax department has found irregularities in medical college run by a trust related to Parameshwara. (Photo: ANI)

K'taka: Income Tax department raids premises linked to former CM G...

According to sources in the Income Tax department, the raids have been conducted at around 30 premises linked to...

10 Oct 2019 11:56 AM IST

Godrej Group chairman Adi Godrej

Govt should provide more stimulus; lower income tax: Adi Godrej

The government should take these measures, although this may increase the fiscal deficit, said the Godrej Group...

3 Oct 2019 1:10 PM IST

Nirmala Sitharaman said the governments efforts last time were thwarted by the poor numbers in the Upper House. (Photo: File)

Budget 2020: FinMin seeks suggestions for rationalising income tax,...

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during 2019-20.

13 Nov 2019 3:09 PM IST

AIADMK General Secretary V K Sasikala. (Photo: PTI)

Ex-AIADMK leader V K Sasikala's assets worth Rs 1,600 crores attached

She has been questioned by tax officials in connection with this case in the past.

6 Nov 2019 9:15 AM IST

Finance minister Nirmala Sitharaman

FM Sitharaman to hold pre-Budget meetings with stakeholders beginning...

FM Nirmala Sitharaman is likely to present her second Budget for the Modi 2.0 government in Parliament on February 1.

16 Dec 2019 11:16 AM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

High value buys tip off taxmen about evasion

The department is identifying the non-filers of income-tax returns through Non-Filers Monitoring System (NMS) by using...

23 Jan 2019 1:24 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

I-T sleuths seize Rs 6 crore from pvt medical practioners

The raids have been carried out at six places across the state.

23 Feb 2019 2:53 AM IST

Normally, the deadline to file your income tax returns is July 31 every year. This year, as it often does, the government extended the deadline to August 31.

Get TDS till Rs 1 lakh under section 80D, but conditions apply

The government is offering benefits under Section 80D of the income tax act, making treatments from private hospitals...

21 Feb 2019 12:42 PM IST

The Income-Tax department, in coordination with their foreign counterparts, is investigating offshore bank deposits and purchase of assets by thousands of Indians .

Income tax returns filings rose over 37 percent in April-January

Between April to January period of the last two financial year, the growth was more subdued at 17 percent and 20...

6 Feb 2019 11:09 AM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Tax rebates for middle class to benefit travel, tourism sector:...

The focus on tax rebates for the middle class has brought a sigh of relief for them and now they will be able to spend...

2 Feb 2019 6:38 PM IST

...former French President, Hollande, is countering statement made against him with regard to a conflict of interest in his dealing with the Reliance Defence, Finance Minister Arun Jaitley wrote. (Photo: Twitter | @ANI)

Income tax rebate a logical extension of steps taken by govt: Jaitley

Piyush Goyal on Friday announced an income tax rebate on earnings of up to Rs 5 lakh.

2 Feb 2019 11:09 AM IST

The Income-Tax department, in coordination with their foreign counterparts, is investigating offshore bank deposits and purchase of assets by thousands of Indians .

Budget 2019: Tax scrutiny to go faceless soon

Experts believe that the lack of interface between the tax officer and the taxpayer would considerable reduce the...

2 Feb 2019 1:43 AM IST