The government on Tuesday extended for the third time the deadline for making payments under the direct tax dispute settlement scheme ‘Vivad Se Vishwas’ by three months to March 31, 2021. ...

Some changes in tax collection at source (TCS) will take effect from October. They relate to tax collection at source for foreign remittances and sale of goods in a year in excess of Rs 50 lakh by se...

Officials of the Central Board of Direct Taxes are in favour of taxpayers sharing their own email addresses instead of their tax consultants’ with the income tax authorities. The CBDT anticipat...

The income tax department has provided refunds worth Rs 80,000 crore to over 24 lakh taxpayers so far this financial year. This includes personal income tax refunds of Rs 28,180 crore issued to over ...

The election commissioner who repeatedly dissented against clean chits to Narendra Modi and Amit Shah for their controversial Lok Sabha campaign speeches last year and who was in line to become the ne...

The income tax department has amended the TDS form, making it more comprehensive and mandating deductors to state reasons for non-deduction of tax. According to the amended form, banks will also have...

The politics of raid has moved into the realm of thinly veiled innuendos in the middle of the election season.The income tax department claimed on Monday night it had unearthed a racket that collecte...

A group of senior tax officers has suggested a super-rich tax and a higher levy on foreign companies to keep the cash till running as part of short term measures to help the government fight the coron...

The Central Board of Direct Taxes has rung alarm bells and has asked the Income Tax Department to go for a major assault as the direct tax collection target remains short of about 15 per cent, with th...

The Supreme Court on Monday issued notice to the Centre on a plea challenging the notification authorising 10 central agencies to intercept, monitor and decrypt any computer system and sought a respon...