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...

The budget could see the shifting of the incidence of the dividend distribution tax from the company to the shareholders, addressing a long standing demand of the industry and which is a continuation ...

The Central Board of Direct Taxes (CBDT) has deferred the new procedure for registration of charitable trusts, funds and institutions that was announced in the Union budget.Through the Finance Act 202...

The income tax department has allowed individuals to submit Form 15G and 15H for the current fiscal after June 30 for claiming exemption from TDS on interest income. Forms 15G and 15H are filed b...