The Income-Tax department is going into "new areas" of the economy to check tax evasion even as its investigation units are using analytics to sift through voluminous data on Indians holding...

The income tax department on Friday said taxpayers can claim credit for taxes paid outside India before the end of the assessment year if the I-T return is filed within the stipulated deadline. So fa...

A nationwide body of medical representatives on Thursday told the Supreme Court that the drug company that produces Dolo, the 650mg version of a paracetamol pill, had spent Rs 1,000 crore in freebies ...

The income-tax department has detected "undisclosed" income of more than Rs 200 crore after it recently raided some film producers, distributors and financiers in Tamil Nadu, the CBDT said o...

The Income-tax department has detected black income of more than Rs 150 crore after it raided several business groups who run hospitals in Haryana and Delhi-NCR, the Central Board of Direct Taxes (CBD...

Prompt redressal of taxpayers' grievances remains the top priority for the tax department, the newly appointed chairman of Central Board of Direct Taxes (CBDT) Nitin Gupta said on Sunday. In his ...

The government has made quoting of PAN or Aadhaar number mandatory if the cash deposits and withdrawals in a financial year exceeds Rs 20 lakh and in case of opening of a current account or cash credi...

The income tax department has notified forms for filing IT returns for 2021-22 fiscal, requiring more disclosures, including details of investment in unincorporated entities and income from overseas r...

Many Indian businesses which claimed the benefit of lower rate in their corporate tax returns have not filed the specified form separately in this regard, leading to hardships. The CBDT said in a sta...

Taxpayers who received a flurry of reassessment notices last year can breathe a huge sigh of relief after several high courts have struck these down because of the dodgy manner in which the taxman iss...